How to Buy Stellar (XLM) in Greenland

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

Step 1 – Signup to Kraken

You will first need to purchase units of the major currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below to register and to get your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Stellar (XLM) is accessible on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this guide)

Make sure you've chosen the precise coin you want to deposit.

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

Step 3 – Locate Stellar (XLM)

Once your deposit has been affirmed, you will now have access to your assets and you can begin invest and trading. To buy (XLM) Stellar on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”.

To find Stellar (XLM), you will need to insert the shortname of the coin (XLM) into the search box, which is highlighted in the graphic. Make sure you have selected the proper pairing, we've marked this also. Click on “XLM/BTC” to advance.

Step 4 – Purchase (XLM) Stellar

Once you've located Stellar (XLM), you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we're going to make our Limit Order.

The field with the “Price” tag will be filled with the recent 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 will settle for the complete quantity of XLM.

If you're glad, make a mouse click on “Buy XLM”. Your order will be filled when a Vendor trades their XLM for the price you offered.

Step 5 – Withdraw (XLM) Stellar

Unless you are regularly trading, never keep your crypto on an Crypto Trader for an extensive time period. To take off your (XLM) Stellar, go to the “Funds” tab and mouse click on “Withdraw”. Stellar (XLM) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you are happy, click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.

Congrats! You've successfully bought and stored Stellar (XLM) in Greenland.

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the (XLM) Stellar is stored in your wallet, you are done.