How to Buy Stellar (XLM) in Dominican Republic

A Step-by-Step-Guide on how to buy Stellar (XLM) in Dominican Republic

Step 1 – Signup to Kraken

You will first need to purchase units of the top-tier coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and receive your welcome BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transfer Your Funds to an Exchange

Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Stellar (XLM) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide)

Make sure you have chosen the right coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Find Stellar (XLM)

Once your deposit has been approved, you'll now have access to your assets and you can launch buying and trading. To buy (XLM) Stellar on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to locate (XLM) Stellar, you'll need to insert the short name of the asset (XLM) into the search-box, which is highlighted in the graphic. Be certain of having selected the right grouping, we have marked this too. Click on “XLM/BTC” to go on.

Step 4 – Purchase Stellar (XLM)

As soon as you've spotted Stellar (XLM), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). For now we are going to create our own Limit Order.

The field with the “Price” tag will be filled with the most recent tariff Stellar (XLM) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of XLM you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the whole amount of XLM.

If you're happy, make a mouse click on “Buy XLM”. Your order will be filled as soon as a Vender trades their XLM for the price you offered.

Step 5 – Withdraw Stellar (XLM)

Unless you're frequently trading, never keep your coins on an Crypto Exchange for an longer time period. To withdraw your (XLM) Stellar, hover over the tab called “Funds” and mouse click on “Withdraw”. Stellar (XLM) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (XLM) Stellar by using the given drop-down box. Drop in the volumen of Stellar (XLM) you would like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address.

When you are glad, click on “Submit”. You could be requested for email/phone verification before a withdrawal.

Congratulations! You've successfully bought and stored Stellar (XLM) in Dominican Republic.

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (depending on network usage). As soon as you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Stellar (XLM) is safe in your wallet, you're all done.