How to Buy Stellar (XLM) in Honduras

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

Step 1 – Signup to Kraken

You will first need to buy one of the top-tier coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and to get your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange

Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Stellar (XLM) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps)

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

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you are using a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).

Step 3 – Find (XLM) Stellar

Once your deposit has been affirmed, you will immediately have access to your assets and you can begin invest and trading. To invest in (XLM) Stellar on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

In order to discover (XLM) Stellar, you'll need to put the cointype (XLM) into the search box, which is marked in the picture. Be certain of having choosen the right grouping, we've highlighted this also. Click on “XLM/BTC” to proceed.

Step 4 – Acquisition of (XLM) Stellar

After you have discovered Stellar (XLM), you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). And now we are creating our Limit Order.

The field with the “Price” tag will be filled with the latest rate Stellar (XLM) was traded for. This can be changed to your favoured 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'll pay for the whole quantity of XLM.

When you are happy, click on “Buy XLM”. Your order will be filled when a Vender sells their XLM for the price you introduced.

Step 5 – Withdraw (XLM) Stellar

Unless you're regularly trading, best advise is not to keep your crypto on an Crypto Trader for an longer period of time. In order to withdraw your (XLM) Stellar, go to the tab called “Funds” and mouse click on “Withdraw”. Stellar (XLM) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (XLM) Stellar by using the provided drop-down box. Put into the amount of Stellar (XLM) you would like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address.

If you're satisfied, make a mouse click on “Submit”. You could be asked for phone/email verification ahead of a take off.

Congratulations! You have successfully bought and stored Stellar (XLM) in Honduras.

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (rely on network usage). Once you have confirmed your take off using Etherscan.io or Ethplorer.io and the Stellar (XLM) is safe within your wallet, you are done.