A Step-by-Step-Guide on how to buy Stellar (XLM) in Estonia
Step 1 – Join Kraken In the beginning you'll need to buy units of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below for registration and to get your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader 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 illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you have chosen the correct coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate Stellar (XLM) Once your deposit has been approved, you will directly have access to your funds and you can initiate purchasing and trading. To buy Stellar (XLM) on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”. In order to find (XLM) Stellar, you will need to insert the shortname of the coin (XLM) into the search box, which is highlighted in the picture. Make sure you have selected the correct pairing, we have marked this also. Click on “XLM/BTC” to progress.
Step 4 – Buy (XLM) Stellar As soon as you've spotted (XLM) Stellar, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are going to make our own Limit Order. The “Price” field will be filled with the most latest rate Stellar (XLM) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the volumen of XLM you wish to buy. The “Total” field is the whole price in BTC that you will settle for the whole amount of XLM. When you are satisfied, make a mouse click on “Buy XLM”. Your order will be filled when a Vender trades their XLM for the price you introduced.
Step 5 – Withdraw (XLM) Stellar Unless you're regularly trading, best advise is not to keep crypto coins on an Exchange for an longer period of time. In order to withdraw your Stellar (XLM), hover over the tab called “Funds” and click on “Withdraw”. Stellar (XLM) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XLM) Stellar by using the provided drop-down box. Enter the volumen of Stellar (XLM) you'd wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. If you're glad, make a mouse click on “Submit”. You may be requested for email/phone verification ahead of a take off.