A Step-by-Step-Guide on how to buy Stellar (XLM) in China
Step 1 – Join Kraken You will first need to buy units of the bigger coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below to register and to get your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Stellar (XLM) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you've chosen the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Locate (XLM) Stellar Once your deposit has been verified, you'll directly have access to your finances and you can begin invest and trading. To purchase (XLM) Stellar on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. In order to find (XLM) Stellar, you will need to put the shortname of the coin (XLM) into the search-box, which is highlighted in the image. Be certain of having choosen the right grouping, we have highlighted this also. Click on “XLM/BTC” to advance.
Step 4 – Purchasing (XLM) Stellar As soon as you've found Stellar (XLM), you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). And now we're making our own Limit Order. The “Price” field will be filled with the latest valuation Stellar (XLM) was sold for. This can be changed to your favoured rate. The “Amount” field is the quantity of XLM you wish to purchase. The “Total” field is the total price in BTC that you will settle for the whole amount of XLM. When you're happy, click on “Buy XLM”. Your order will be filled when a Seller trades their XLM for the price you submitted.
Step 5 – Withdraw Stellar (XLM) Unless you are regularly trading, best advise is not to keep your coins on an Crypto Trader for an extended period of time. In order to withdraw your Stellar (XLM), hover over the tab called “Funds” and mouse click on “Withdraw”. (XLM) Stellar can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (XLM) Stellar by using the given drop-down box. Put into the amount of Stellar (XLM) you'd wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. If you are glad, click on “Submit”. You may be requested for verfication via email/phone before a take off.