A Step-by-Step-Guide on how to buy Stellar (XLM) in Christmas Island
Step 1 – Join Kraken In the beginning you'll need to purchase one of the top-tier currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and getting your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Stellar (XLM) is obtainable on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to) Make sure you've selected the exact coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. In the case you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Find Stellar (XLM) As soon as your deposit has been verified, you will immediately have access to your funds and you can initiate buying and trading. To invest in Stellar (XLM) on Binance, you'll want to hover over the “Exchange” tab and then click on “Basic”. To spot (XLM) Stellar, you'll need to insert the shortname of the coin (XLM) into the search-box, which is highlighted in the image. Make sure you have choosen the correct grouping, we have marked this also. Click on “XLM/BTC” to go on.
Step 4 – Buy (XLM) Stellar Once you've found (XLM) Stellar, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). For now we are going to make our Limit Order. The field with the “Price” tag will be filled automatically with the latest rate (XLM) Stellar was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of XLM you wish to buy. The “Total” field is the aggregated price in BTC that you will settle for the whole volumen of XLM. If you are glad, click on “Buy XLM”. Your plan will be filled when a Vendor sells their XLM for the price you offered.
Step 5 – Withdraw Stellar (XLM) Unless you are trading, never keep your crypto on an Exchange for an longer time period. To withdraw your Stellar (XLM), hover over the “Funds” tab and mouse click on “Withdraw”. Stellar (XLM) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Stellar (XLM) by using the given drop-down box. Drop in the amount of Stellar (XLM) you'd wish to take off. Take into account the displayed fees/minimums. Also make sure you have entered your precise withdraw address. If you're happy, click “Submit”. You may be asked for email/phone verification ahead of a withdrawal.