How to Buy Stellar (XLM) in Hungary

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

Step 1 – Join Kraken

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

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

Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Stellar (XLM) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).

Step 3 – Locate (XLM) Stellar

As soon as your deposit has been verified, you'll now have access to your finances and you can commence 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 locate Stellar (XLM), you will need to put the short name of the asset (XLM) into the search box, which is highlighted in the picture. Be certain of having choosen the correct pairing, we've marked this also. Click on “XLM/BTC” to go on.

Step 4 – Buy (XLM) Stellar

As soon as you've found Stellar (XLM), you will be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). And now we're making our Limit Order.

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

If you are happy, make a mouse click on “Buy XLM”. Your plan will be filled when a Vendor trades their XLM for the price you gave.

Step 5 – Withdraw (XLM) Stellar

Unless you're trading, best advise is not to keep crypto coins on an Crypto Trader for an extensive time frame. To withdraw your (XLM) Stellar, hover over the “Funds” tab and click on “Withdraw”. Stellar (XLM) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Stellar (XLM) by using the given drop-down box. Enter the amount of (XLM) Stellar you'd wish to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address.

When you are glad, click “Submit”. You may be asked for email/phone verification before a take off.

Congrats! You have successfully purchased and stored (XLM) Stellar in Hungary.

That's it!

Withdrawals from Crypto Trader can take between 1 – 30 minutes (depending on network usage). As soon as you have confirmed your take off using Ethplorer.io or Etherscan.io and the (XLM) Stellar is safe in your wallet, you are done.