A Step-by-Step-Guide on how to buy Stellar (XLM) in Guinea
Step 1 – Join Kraken In the beginning you'll need to buy units of the major currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below to register and receive your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. All exchanges have 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 funds from Coinbase to an Exchange? (Just follow this manual) Make sure you have chosen the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our manual).
Step 3 – Find Stellar (XLM) Once your deposit has been affirmed, you'll directly have access to your finances and you can begin buying and trading. To purchase Stellar (XLM) on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”. In order to find Stellar (XLM), you'll need to insert the shortname of the coin (XLM) into the search-box, which is highlighted in the picture. Make sure you have selected the right pairing, we've highlighted this too. Click on “XLM/BTC” to progress.
Step 4 – Purchasing Stellar (XLM) As soon as you have located (XLM) Stellar, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). For now we're creating our Limit Order. The field with the “Price” tag will be filled with the most recent tariff (XLM) Stellar was sold for. You can change this to your desired price. The “Amount” field is the amount of XLM you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you will settle for the whole volumen of XLM. When you are satisfied, make a mouse click on “Buy XLM”. Your plan will be filled as soon as a Seller sells their XLM for the price you offered.
Step 5 – Withdraw Stellar (XLM) Unless you are frequently trading, never keep your crypto on an Crypto Trader for an extended time frame. To withdraw your Stellar (XLM), go to the tab called “Funds” and click on “Withdraw”. (XLM) Stellar can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Stellar (XLM) by using the given drop-down box. Enter the amount of (XLM) Stellar you'd wish to take off. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address. If you're glad, click “Submit”. You could be asked for phone/email verification before a take off.