A Step-by-Step-Guide on how to buy Stellar (XLM) in Guatemala
Step 1 – Join Kraken You'll first need to buy one of the top-tier currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below for registration and receive your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Funds to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange 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. Unsure on how to send Coinbase funds to an Exchange? (Follow this guide) Make sure you have chosen the precise coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Locate Stellar (XLM) As soon as your deposit has been verified, you'll directly have access to your finances and you can start buying and trading. To invest in (XLM) Stellar on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”. In order to spot Stellar (XLM), you'll need to insert the cointype (XLM) into the search-box, which is marked in the picture. Make sure you have choosen the proper pairing, we have marked this too. Click on “XLM/BTC” to proceed.
Step 4 – Buying Stellar (XLM) Once you've found Stellar (XLM), you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). For now we are creating our Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date rate (XLM) Stellar was sold for. This can be changed to your favoured price. The “Amount” field is the amount of XLM you wish to buy. The “Total” field is the total price in BTC that you'll pay for the whole quantity of XLM. When you're satisfied, click on “Buy XLM”. Your order will be filled as soon as a Vendor trades their XLM for the price you offered.
Step 5 – Withdraw (XLM) Stellar Unless you are regularly trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an longer time period. To take off your Stellar (XLM), go to the tab called “Funds” and mouse click on “Withdraw”. Stellar (XLM) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Stellar (XLM) by using the provided drop-down box. Put into the amount of Stellar (XLM) you would wish to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your correct withdraw address. If you're satisfied, click “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.