A Step-by-Step-Guide on how to buy Stellar (XLM) in El Salvador
Step 1 – Signup to Kraken You will first need to buy one of the major coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below for registration and to get your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. All exchanges have 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 Coinbase funds to an Crypto Exchange? (Just follow this manual) Make sure you've selected the correct coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Find Stellar (XLM) As soon as your deposit has been approved, you'll instantly have access to your assets and you can launch buying and trading. To invest in Stellar (XLM) on Binance, you will want to hover over the “Exchange” tab and click on “Basic”. In order to spot Stellar (XLM), you'll need to put the cointype (XLM) into the search box, which is marked in the picture. Be certain of having choosen the correct grouping, we have marked this also. Click on “XLM/BTC” to go ahead.
Step 4 – Purchasing (XLM) Stellar Once you've found (XLM) Stellar, you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). For now we are making our own Limit Order. The field with the “Price” tag will be automatically filled with the most latest price Stellar (XLM) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of XLM you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle 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 sells their XLM for the price you introduced.
Step 5 – Withdraw (XLM) Stellar Unless you're regularly trading, best advise is not to keep crypto on an Crypto Trader for an extended time frame. In order to take off your Stellar (XLM), hover over the tab called “Funds” and click on “Withdraw”. Stellar (XLM) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Stellar (XLM) by using the provided drop-down box. Enter the volumen of (XLM) Stellar you'd like to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your correct withdraw address. When you are glad, click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.