How to Buy Stellar (XLM) in Guyana

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

Step 1 – Join Kraken

You'll first need to purchase one of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and receive your first BTC (Bitcoin) or ETH (Ethereum).

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Stellar (XLM) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Find (XLM) Stellar

As soon as your deposit has been confirmed, you'll now have access to your funds and you can begin buying and trading. To invest in Stellar (XLM) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”.

To locate Stellar (XLM), you will need to insert the cointype (XLM) into the search box, which is marked in the image. Be certain of having choosen the proper pairing, we have marked this also. Click on “XLM/BTC” to proceed.

Step 4 – Buying (XLM) Stellar

Once you have discovered Stellar (XLM), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). Next we are going to make our Limit Order.

The field with the “Price” tag will be automatically filled with the up-to-date valuation Stellar (XLM) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of XLM you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole volumen of XLM.

If you're satisfied, click on “Buy XLM”. Your order will be filled as soon as a Vendor trades their XLM for the price you introduced.

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. To take off your (XLM) Stellar, go to the “Funds” tab and click on “Withdraw”. (XLM) Stellar can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (XLM) Stellar by using the given drop-down box. Enter the amount of Stellar (XLM) you'd like to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

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

Kudos! You have successfully purchased and safed (XLM) Stellar in Guyana.

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (rely on network usage). As soon as you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (XLM) Stellar is stored in your wallet, you're done.