A Step-by-Step-Guide on how to buy Stellar (XLM) in Gibraltar
Step 1 – Signup to CEX.io You will first need to buy units of the bigger coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below to register and receive your first Ethereum or Bitcoin.
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Bitcoin or Ethereum has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Stellar (XLM) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual) Make sure you have chosen the exact coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).
Step 3 – Find (XLM) Stellar As soon as your deposit has been verified, you'll directly have access to your finances and you can initiate invest and trading. To purchase (XLM) Stellar on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To discover (XLM) Stellar, you'll need to put the short name of the asset (XLM) into the search box, which is marked in the image. Make sure you have selected the correct grouping, we have marked this too. Click on “XLM/BTC” to proceed.
Step 4 – Acquisition of Stellar (XLM) As soon as you've discovered Stellar (XLM), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we are making our Limit Order. The “Price” field will be filled with the latest tariff Stellar (XLM) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of XLM you wish to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the whole volumen of XLM. If you're happy, click on “Buy XLM”. Your plan will be filled when a Seller trades their XLM for the price you offered.
Step 5 – Withdraw Stellar (XLM) Unless you are frequently trading, you should never keepyour coins on an Cryptocurrency Exchange for an extensive period of time. In order to take off your Stellar (XLM), go to the “Funds” tab and click on “Withdraw”. Stellar (XLM) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Stellar (XLM) by using the provided drop-down box. Enter the volumen of (XLM) Stellar you'd wish to take off. Don't forget the shown minimus/fees. Also make sure you have filled your correct withdraw address. If you are happy, make a mouse click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.