How to Buy Stellar (XLM) in Guinea-Bissau

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy one of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below for registration and to get your first Ethereum or Bitcoin.

Step 2 – Send Your Bitcoin or Ethereum to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need 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 sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps)

Make sure you've selected the exact coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Locate Stellar (XLM)

As soon as your deposit has been verified, you'll directly have access to your funds and you can launch buying and trading. To purchase Stellar (XLM) on Binance, you'll want to hover over the “Exchange” tab and after that mouse click on “Basic”.

To spot (XLM) Stellar, you will need to insert the shortname of the coin (XLM) into the search-box, which is marked in the picture. Be certain of having selected the right grouping, we have marked this also. Click on “XLM/BTC” to continue.

Step 4 – Buying (XLM) Stellar

As soon as you have spotted (XLM) Stellar, you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). For now we are going to create our Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date price (XLM) Stellar was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of XLM you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the complete volumen of XLM.

If you are happy, click on “Buy XLM”. Your plan will be filled as soon as a Vender trades their XLM for the price you gave.

Step 5 – Withdraw Stellar (XLM)

Unless you're trading, best advise is not to keep your crypto coins on an Crypto Trader for an longer time frame. In order to take off your (XLM) Stellar, go to the tab called “Funds” and click on “Withdraw”. (XLM) Stellar 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 quantity of Stellar (XLM) you'd wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your right withdraw address.

If you're satisfied, click on “Submit”. You may be requested for phone/email verification before a withdrawal.

Kudos! You have successfully purchased and safed (XLM) Stellar in Guinea-Bissau.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the Stellar (XLM) is stored in your wallet, you are all done.