A Step-by-Step-Guide on how to buy Stellar (XLM) in Gabon
Step 1 – Signup to Kraken You'll first need to buy one of the top-tier coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below for registration and receive your welcome Ethereum or Bitcoin.
Step 2 – Transmit Your Funds to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Stellar (XLM) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this manual) Make sure you have chosen the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find (XLM) Stellar As soon as your deposit has been verified, you will instantly have access to your finances and you can start buying and trading. To buy Stellar (XLM) on Binance, you will want to hover over the “Exchange” tab and then click on “Basic”. To find Stellar (XLM), you will need to put the short name of the asset (XLM) into the search-box, which is highlighted in the picture. Make sure you have choosen the correct pairing, we've marked this too. Click on “XLM/BTC” to progress.
Step 4 – Purchase Stellar (XLM) After you've discovered Stellar (XLM), you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). And now we are going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the most recent rate Stellar (XLM) was sold for. You can change this to your preferred rate. The “Amount” field is the amount of XLM you want to buy. The “Total” field is the aggregated price in Bitcoin that you will settle for the whole amount of XLM. When you're satisfied, click on “Buy XLM”. Your order will be filled as soon as a Vender trades their XLM for the price you gave.
Step 5 – Withdraw (XLM) Stellar Unless you're frequently trading, best advise is not to keep crypto on an Exchange for an extended time frame. To withdraw your (XLM) Stellar, hover over the tab called “Funds” and click on “Withdraw”. (XLM) Stellar can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (XLM) Stellar by using the provided drop-down box. Enter the quantity of (XLM) Stellar you would wish to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address. If you are satisfied, make a mouse click on “Submit”. You may be requested for email/phone verification ahead of a take off.