How to Buy Stellar (XLM) in Eritrea

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

Step 1 – Join Kraken

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

Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader

Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. 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? (Follow this how-to)

Make sure you've chosen the right coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Locate (XLM) Stellar

Once your deposit has been confirmed, you'll now have access to your funds and you can initiate buying and trading. To purchase (XLM) Stellar on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”.

To spot (XLM) Stellar, you'll need to insert the shortname of the coin (XLM) into the search box, which is highlighted in the graphic. Be certain of having choosen the right grouping, we have marked this also. Click on “XLM/BTC” to continue.

Step 4 – Purchase Stellar (XLM)

Once you have spotted (XLM) Stellar, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). And now we're making our Limit Order.

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

When you're happy, make a mouse click on “Buy XLM”. Your plan will be filled as soon as a Vendor sells their XLM for the price you introduced.

Step 5 – Withdraw Stellar (XLM)

Unless you're frequently trading, best advise is not to keep crypto on an Crypto Exchange for an extensive time frame. To take off your Stellar (XLM), go to the “Funds” tab and click on “Withdraw”. Stellar (XLM) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Stellar (XLM) by using the provided drop-down box. Enter the amount of Stellar (XLM) you would like to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address.

When you're satisfied, make a mouse click on “Submit”. You could be requested for verfication via phone/email ahead of a take off.

Congrats! You've successfully purchased and stored (XLM) Stellar in Eritrea.

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (depending on usage of the network). Once you have confirmed your take off using Ethplorer.io or Etherscan.io and the (XLM) Stellar is stored within your wallet, you are all done.