A Step-by-Step-Guide on how to buy Stellar (XLM) in Grenada
Step 1 – Signup to Kraken In the beginning you'll need to buy one of the top-tier currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below for registration and to get your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Funds to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Stellar (XLM) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide) Make sure you've chosen the correct coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Locate Stellar (XLM) As soon as your deposit has been affirmed, you will now have access to your assets and you can commence buying and trading. To purchase Stellar (XLM) on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”. In order to discover Stellar (XLM), you will need to insert the short name of the asset (XLM) into the search-box, which is highlighted in the graphic. Be certain of having selected the correct grouping, we have highlighted this too. Click on “XLM/BTC” to go ahead.
Step 4 – Acquisition of Stellar (XLM) As soon as you've spotted Stellar (XLM), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the latest tariff Stellar (XLM) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the amount of XLM you like to purchase. The “Total” field is the total price in Bitcoin that you will pay for the whole amount of XLM. If you're glad, click on “Buy XLM”. Your plan will be filled as soon as a Vendor sells their XLM for the price you submitted.
Step 5 – Withdraw Stellar (XLM) Unless you're regularly trading, you should never keepyour coins on an Crypto Exchange for an extensive period of time. To withdraw 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 Stellar (XLM) by using the given drop-down box. Put into the amount of Stellar (XLM) you would wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address. If you're glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a take off.