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 Coinbase and get 10$ for free

You'll first need to purchase units of the major currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below for registration and receive your first 10$.

Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Stellar (XLM) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow these easy steps)

Make sure you've chosen the correct coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Locate (XLM) Stellar

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

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

Step 4 – Buying Stellar (XLM)

Once you have discovered Stellar (XLM), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). For now we're making our Limit Order.

The “Price” field will be filled with the most latest tariff Stellar (XLM) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of XLM you want to buy. The field with the “Total” tag is the total price in BTC that you will pay for the complete amount of XLM.

If you are satisfied, make a mouse click on “Buy XLM”. Your plan will be filled as soon as a Vender trades their XLM for the price you offered.

Step 5 – Withdraw (XLM) Stellar

Unless you are trading, never keep your crypto on an Cryptocurrency Exchange for an extensive period of time. To take off your Stellar (XLM), hover over the tab called “Funds” and click on “Withdraw”. Stellar (XLM) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (XLM) Stellar by using the provided drop-down box. Put into the quantity of Stellar (XLM) you'd like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address.

When you're happy, make a mouse click on “Submit”. You may be requested for phone/email verification before a withdrawal.

Congratulations! You have successfully purchased and stored Stellar (XLM) in Dominican Republic.

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (rely on network usage). As soon as you have proved your take off using Etherscan.io or Ethplorer.io and the (XLM) Stellar is stored inside your wallet, you're done.