A Step-by-Step-Guide on how to buy Stellar (XLM) in Costa Rica
Step 1 – Signup to Kraken You will first need to buy units of the top-tier currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Bitcoin or Ethereum to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need 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're going to use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide) Make sure you've selected the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find (XLM) Stellar Once your deposit has been approved, you'll immediately have access to your finances and you can initiate buying and trading. To purchase (XLM) Stellar on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. To spot Stellar (XLM), you will need to insert the short name of the asset (XLM) into the search box, which is highlighted in the picture. Make sure you have selected the right pairing, we have marked this too. Click on “XLM/BTC” to proceed.
Step 4 – Buy Stellar (XLM) After you've found (XLM) Stellar, you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). For now we are going to make our Limit Order. The “Price” field will be filled automatically with the most recent tariff Stellar (XLM) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of XLM you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole quantity of XLM. If you're happy, click on “Buy XLM”. Your order will be filled when a Seller sells their XLM for the price you gave.
Step 5 – Withdraw Stellar (XLM) Unless you are frequently trading, best advise is not to keep coins on an Crypto Trader for an longer time period. In order to withdraw your Stellar (XLM), go to the tab called “Funds” and mouse click on “Withdraw”. Stellar (XLM) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Stellar (XLM) by using the provided drop-down box. Drop in the amount of Stellar (XLM) you would wish to take off. Take into account the displayed minimus/fees. Also make sure you have entered your right withdraw address. If you are happy, click “Submit”. You may be asked for email/phone verification ahead of a take off.