A Step-by-Step-Guide on how to buy Stellar (XLM) in Curaçao
Step 1 – Join Kraken You will first need to buy one of the bigger currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below for registration and getting your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Stellar (XLM) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow these easy steps) Make sure you've selected the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Find (XLM) Stellar Once your deposit has been verified, you'll immediately have access to your funds and you can start purchasing and trading. To buy (XLM) Stellar on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to find (XLM) Stellar, you will need to insert the shortname of the coin (XLM) into the search box, which is highlighted in the picture. Be certain of having choosen the proper pairing, we have marked this too. Click on “XLM/BTC” to proceed.
Step 4 – Buying (XLM) Stellar After you've discovered Stellar (XLM), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we are making our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest valuation (XLM) Stellar was traded for. You can change this to your preferred rate. The “Amount” field is the amount of XLM you want to purchase. The field with the “Total” tag is the total price in BTC that you'll pay for the complete amount of XLM. When you are satisfied, make a mouse click on “Buy XLM”. Your plan will be filled when a Seller sells their XLM for the price you introduced.
Step 5 – Withdraw Stellar (XLM) Unless you are regularly trading, best advise is not to keep crypto on an Crypto Trader for an extensive time frame. To withdraw your (XLM) Stellar, go to the “Funds” tab and 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 quantity of Stellar (XLM) you'd like to take off. Don't forget the shown minimus/fees. Also make sure you have filled your precise withdraw address. If you're satisfied, make a mouse click on “Submit”. You may be asked for email/phone verification before a withdrawal.