A Step-by-Step-Guide on how to buy Stellar (XLM) in Equatorial Guinea
Step 1 – Signup to Kraken You will first need to buy one of the bigger currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and receive your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. 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 Cryptocurrency Exchange? (Just follow this guide) Make sure you have chosen the exact coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Find Stellar (XLM) As soon as your deposit has been affirmed, you will immediately have access to your funds and you can commence invest and trading. To purchase (XLM) Stellar on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”. In order to find Stellar (XLM), you'll need to put the short name of the asset (XLM) into the search box, which is marked in the image. Be certain of having selected the right grouping, we've marked this too. Click on “XLM/BTC” to go on.
Step 4 – Buying (XLM) Stellar As soon as you have found Stellar (XLM), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left 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 tariff (XLM) Stellar was traded for. This can be changed to your desired price. The “Amount” field is the quantity of XLM you wish to buy. The “Total” field is the aggregated price in BTC that you will settle for the complete amount of XLM. If you are happy, click on “Buy XLM”. Your order will be filled as soon as a Vendor sells their XLM for the price you submitted.
Step 5 – Withdraw Stellar (XLM) Unless you are frequently trading, you should never keepyour crypto on an 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 securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Stellar (XLM) by using the provided drop-down box. Enter the quantity of (XLM) Stellar you would like to take off. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address. When you are happy, click on “Submit”. You may be asked for phone/email verification ahead of a withdrawal.