A Step-by-Step-Guide on how to buy Stellar (XLM) in Colombia
Step 1 – Signup to Kraken You will first need to purchase units of the major currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and receive your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Stellar (XLM) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Just follow this how-to) Make sure you have chosen the correct coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find Stellar (XLM) Once your deposit has been confirmed, you will now have access to your finances and you can start buying and trading. To invest in (XLM) Stellar on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. To locate Stellar (XLM), you will need to put the short name of the asset (XLM) into the search-box, which is highlighted in the picture. Make sure you have selected the proper grouping, we've highlighted this too. Click on “XLM/BTC” to go on.
Step 4 – Purchasing (XLM) Stellar Once you have located (XLM) Stellar, you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). Next we are going to create our Limit Order. The field with the “Price” tag will be filled automatically with the recent valuation Stellar (XLM) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of XLM you want to buy. The field with the “Total” tag is the whole price in BTC that you'll settle for the complete quantity of XLM. When you're happy, make a mouse click on “Buy XLM”. Your order will be filled when a Vender trades their XLM for the price you submitted.
Step 5 – Withdraw (XLM) Stellar Unless you are regularly trading, best advise is not to keep crypto on an Exchange for an longer time period. To take off your Stellar (XLM), hover over the tab called “Funds” and mouse click on “Withdraw”. Stellar (XLM) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Stellar (XLM) by using the provided drop-down box. Drop in the quantity 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. When you're happy, make a mouse click on “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.