How to Buy Stellar (XLM) in Georgia

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

Step 1 – Join Kraken

In the beginning you'll need to buy one of the major currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your welcome Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Send Your Funds to an Exchange

Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Stellar (XLM) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide)

Make sure you've selected the exact coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).

Step 3 – Locate Stellar (XLM)

Once your deposit has been approved, you'll immediately have access to your funds and you can initiate invest and trading. To invest in (XLM) Stellar on Binance, you will want to go to the “Exchange” tab and after that mouse click on “Basic”.

In order to spot Stellar (XLM), you will need to insert the cointype (XLM) into the search box, which is marked in the picture. Make sure you have choosen the proper grouping, we've marked this too. Click on “XLM/BTC” to proceed.

Step 4 – Buying Stellar (XLM)

As soon as you've found (XLM) Stellar, you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). Next we're making our own Limit Order.

The field with the “Price” tag will be filled automatically with the most latest price (XLM) Stellar was traded for. You can change this to your preferred price. The “Amount” field is the quantity of XLM you wish to purchase. The “Total” field is the total price in BTC that you will pay for the complete amount of XLM.

When you are satisfied, click on “Buy XLM”. Your order will be filled when a Vender sells their XLM for the price you offered.

Step 5 – Withdraw (XLM) Stellar

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

Locate Stellar (XLM) by using the given drop-down box. Enter the volumen of (XLM) Stellar you'd like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address.

When you are glad, make a mouse click on “Submit”. You may be asked for email/phone verification before a take off.

Congratulations! You have successfully purchased and safed (XLM) Stellar in Georgia.

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (depending on network usage). As soon as you have confirmed your take off with Etherscan.io or Ethplorer.io and the (XLM) Stellar is stored inside your wallet, you are all done.