A Step-by-Step-Guide on how to buy Stellar (XLM) in Fiji
Step 1 – Signup to Kraken In the beginning you'll need to buy one of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below to register and receive your first Ethereum or Bitcoin.
Step 2 – Send Your Bitcoin or Ethereum to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Stellar (XLM) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow this manual) Make sure you have selected the precise coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. If you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate (XLM) Stellar Once your deposit has been approved, you'll now have access to your assets and you can commence invest and trading. To purchase Stellar (XLM) on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”. In order to spot Stellar (XLM), you will need to put the short name of the asset (XLM) into the search-box, which is marked in the picture. Be certain of having selected the correct pairing, we've highlighted this also. Click on “XLM/BTC” to go ahead.
Step 4 – Purchasing (XLM) Stellar After you've located (XLM) Stellar, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). And now we're making our own Limit Order. The field with the “Price” tag will be filled with the up-to-date valuation (XLM) Stellar was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of XLM you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete quantity of XLM. When you are happy, click on “Buy XLM”. Your plan will be filled as soon as a Vender trades their XLM for the price you gave.
Step 5 – Withdraw Stellar (XLM) Unless you're regularly trading, best advise is not to keep coins on an Crypto Trader for an extended time period. In order to take off your (XLM) Stellar, go to the tab called “Funds” and click on “Withdraw”. (XLM) Stellar can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Stellar (XLM) by using the provided drop-down box. Put into the amount of Stellar (XLM) you would wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. When you're satisfied, click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.