How to Buy Stellar (XLM) in Guernsey

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

Step 1 – Join CEX.io

You will first need to purchase one of the bigger currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below for registration and receive your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transmit Your Funds to an Crypto Exchange

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

Make sure you have selected the correct coin you wish to deposit.

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

Step 3 – Find Stellar (XLM)

Once your deposit has been verified, you will directly have access to your finances and you can start buying and trading. To purchase (XLM) Stellar on Binance, you will want to hover over the “Exchange” tab and click on “Basic”.

To spot Stellar (XLM), you'll need to insert the shortname of the coin (XLM) into the search box, which is highlighted in the image. Be certain of having choosen the correct pairing, we've marked this also. Click on “XLM/BTC” to continue.

Step 4 – Buy Stellar (XLM)

Once you've found (XLM) Stellar, you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). Next we are making our Limit Order.

The field with the “Price” tag will be filled automatically with the up-to-date rate (XLM) Stellar was sold for. You can change this to your preferred rate. The “Amount” field is the amount of XLM you wish to buy. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the whole volumen of XLM.

If you're satisfied, click on “Buy XLM”. Your plan will be filled as soon as a Vender sells their XLM for the price you offered.

Step 5 – Withdraw Stellar (XLM)

Unless you're trading, best advise is not to keep coins on an Crypto Exchange for an extensive time period. To withdraw your Stellar (XLM), go to the “Funds” tab and mouse click on “Withdraw”. (XLM) Stellar can be stored safely 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 wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your precise withdraw address.

When you're happy, click “Submit”. You may be requested for email/phone verification before a take off.

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

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've proved your withdrawal with Etherscan.io or Ethplorer.io and the Stellar (XLM) is stored in your wallet, you're finished.