How to Buy Stellar (XLM) in Hong Kong

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

Step 1 – Join Kraken

You'll first need to buy one of the top-tier coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and getting your welcome BTC (Bitcoin) or ETH (Ethereum).

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

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange 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 illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this guide)

Make sure you have chosen the precise coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. In the case you are using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Locate Stellar (XLM)

Once your deposit has been approved, you will directly have access to your assets and you can initiate purchasing and trading. To invest in (XLM) Stellar on Binance, you will want to hover over the “Exchange” tab and click on “Basic”.

In order to discover (XLM) Stellar, you will need to put the cointype (XLM) into the search-box, which is highlighted in the image. Be certain of having selected the proper grouping, we've marked this also. Click on “XLM/BTC” to progress.

Step 4 – Acquisition of (XLM) Stellar

As soon as you have discovered Stellar (XLM), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). And now we are going to make our Limit Order.

The field with the “Price” tag will be automatically filled with the latest price Stellar (XLM) was traded for. This can be changed to your favoured price. The “Amount” field is the volumen of XLM you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the whole volumen of XLM.

If you're satisfied, make a mouse click on “Buy XLM”. Your order will be filled when a Seller trades their XLM for the price you offered.

Step 5 – Withdraw (XLM) Stellar

Unless you're regularly trading, never keep your crypto coins on an Crypto Trader for an extensive time period. To withdraw your Stellar (XLM), hover over the “Funds” tab and click on “Withdraw”. Stellar (XLM) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (XLM) Stellar by using the provided drop-down box. Put into the volumen of Stellar (XLM) you'd wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your right withdraw address.

When you're happy, click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.

Kudos! You've successfully purchased and stored (XLM) Stellar in Hong Kong.

That's it!

Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you have proved your take off using Ethplorer.io or Etherscan.io and the (XLM) Stellar is stored in your wallet, you are all done.