How to Buy Stellar (XLM) in Germany

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

Step 1 – Join Kraken

You'll first need to purchase units of the bigger coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your first ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) will need 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're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual)

Make sure you've chosen the correct coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Find (XLM) Stellar

Once your deposit has been verified, you will instantly have access to your funds and you can start purchasing and trading. To buy (XLM) Stellar on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”.

To find (XLM) Stellar, you will need to insert the short name of the asset (XLM) into the search box, which is marked in the image. Be certain of having selected the proper grouping, we have highlighted this too. Click on “XLM/BTC” to progress.

Step 4 – Acquisition of (XLM) Stellar

After you have discovered Stellar (XLM), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). For now we're creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the most latest price (XLM) Stellar was sold for. This can be changed to your favoured price. The “Amount” field is the volumen of XLM you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole volumen of XLM.

If you are glad, click on “Buy XLM”. Your plan will be filled as soon as a Vendor trades their XLM for the price you offered.

Step 5 – Withdraw (XLM) Stellar

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

Locate Stellar (XLM) by using the provided drop-down box. Put into the volumen of (XLM) Stellar you would like to take off. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address.

When you're glad, make a mouse click on “Submit”. You could be requested for email/phone verification before a take off.

Congrats! You have successfully bought and safed (XLM) Stellar in Germany.

That's it!

Withdrawals from Crypto Trader can take between 1 – 30 minutes (rely on usage of the network). Once you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (XLM) Stellar is safe inside your wallet, you're finished.