A Step-by-Step-Guide on how to buy Stellar (XLM) in Cook Islands
Step 1 – Signup to Kraken You will first need to buy one of the top-tier coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click below for registration and getting your first Ethereum or Bitcoin.
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Stellar (XLM) is accessible on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps) Make sure you have chosen the exact coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. If you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Find Stellar (XLM) Once your deposit has been approved, you will directly have access to your assets and you can launch buying and trading. To buy (XLM) Stellar on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”. To find (XLM) Stellar, you will need to insert the cointype (XLM) into the search-box, which is marked in the image. Make sure you have selected the right grouping, we have marked this too. Click on “XLM/BTC” to go ahead.
Step 4 – Buy Stellar (XLM) As soon as you have located Stellar (XLM), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). Next we are going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest tariff Stellar (XLM) was sold for. This can be changed to your preferred rate. The “Amount” field is the amount of XLM you want to purchase. The “Total” field is the total price in Bitcoin that you will settle for the whole amount of XLM. If you are satisfied, click on “Buy XLM”. Your plan will be filled as soon as a Vender trades their XLM for the price you introduced.
Step 5 – Withdraw Stellar (XLM) Unless you are trading, best advise is not to keep your coins on an Exchange for an extended period of time. In order to withdraw your Stellar (XLM), hover over the “Funds” tab and click on “Withdraw”. Stellar (XLM) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XLM) Stellar by using the given drop-down box. Put into the volumen of (XLM) Stellar you would wish to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address. When you're satisfied, make a mouse click on “Submit”. You may be asked for verfication via email/phone before a take off.