How to Buy Stellar (XLM) in Ecuador

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

Step 1 – Join Kraken

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

Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Stellar (XLM) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you've selected the exact coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Find Stellar (XLM)

Once your deposit has been confirmed, you will immediately have access to your finances and you can begin buying and trading. To invest in Stellar (XLM) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

To find Stellar (XLM), you'll need to put the cointype (XLM) into the search-box, which is highlighted in the image. Make sure you have choosen the correct grouping, we've highlighted this also. Click on “XLM/BTC” to progress.

Step 4 – Buy (XLM) Stellar

As soon as you've discovered (XLM) Stellar, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're making our Limit Order.

The field with the “Price” tag will be filled with the up-to-date valuation Stellar (XLM) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of XLM you want to purchase. The “Total” field is the aggregated price in BTC that you will pay for the whole quantity of XLM.

When you're satisfied, click on “Buy XLM”. Your order will be filled as soon as a Vendor trades their XLM for the price you offered.

Step 5 – Withdraw (XLM) Stellar

Unless you're trading, best advise is not to keep crypto on an Crypto Trader for an longer period of time. 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, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Stellar (XLM) by using the given drop-down box. Put into the volumen of Stellar (XLM) you would wish to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your precise withdraw address.

If you're satisfied, click “Submit”. You could be requested for email/phone verification before a take off.

Kudos! You've successfully bought and safed (XLM) Stellar in Ecuador.

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your take off with Ethplorer.io or Etherscan.io and the (XLM) Stellar is stored within your wallet, you're finished.