A Step-by-Step-Guide on how to buy Stellar (XLM) in Denmark
Step 1 – Join Kraken You'll first need to buy one of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below to register and receive your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Ethereum or Bitcoin to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Stellar (XLM) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps) Make sure you've chosen the exact coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Locate Stellar (XLM) As soon as your deposit has been verified, you'll directly have access to your funds and you can initiate invest and trading. To buy Stellar (XLM) on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”. To find (XLM) Stellar, you'll need to put the shortname of the coin (XLM) into the search box, which is marked in the picture. Be certain of having choosen the correct pairing, we have highlighted this also. Click on “XLM/BTC” to progress.
Step 4 – Buying (XLM) Stellar Once you've spotted Stellar (XLM), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). Next we're going to make our Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date valuation Stellar (XLM) was sold for. This can be changed to your preferred price. The “Amount” field is the amount of XLM you want to purchase. The “Total” field is the aggregated price in BTC that you'll pay for the whole quantity of XLM. If you are satisfied, click on “Buy XLM”. Your order will be filled when a Vender sells their XLM for the price you gave.
Step 5 – Withdraw Stellar (XLM) Unless you're frequently trading, never keep your coins on an Exchange for an longer time period. In order to withdraw your Stellar (XLM), go to the “Funds” tab and click on “Withdraw”. (XLM) Stellar can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Stellar (XLM) by using the given drop-down box. Put into the quantity of (XLM) Stellar you would like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your right withdraw address. If you are happy, make a mouse click on “Submit”. You could be asked for verfication via email/phone ahead of a take off.