How to Buy Stellar (XLM) in Iran

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

Step 1 – Signup to CEX.io

In the beginning you'll need to purchase units of the major currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below for registration and receive your welcome ETH (Ethereum) or BTC (Bitcoin).

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Stellar (XLM) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Find (XLM) Stellar

As soon as your deposit has been verified, you'll directly have access to your funds and you can start purchasing 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”.

To discover Stellar (XLM), you will need to insert the shortname of the coin (XLM) into the search-box, which is marked in the picture. Make sure you have choosen the proper grouping, we have marked this also. Click on “XLM/BTC” to go on.

Step 4 – Buying (XLM) Stellar

Once you have found (XLM) Stellar, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). For now we're making our Limit Order.

The “Price” field will be filled automatically with the up-to-date rate Stellar (XLM) was sold for. You can change this to your preferred rate. The “Amount” field is the quantity of XLM you wish to buy. The field with the “Total” tag is the whole price in BTC that you will settle for the complete amount of XLM.

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

Step 5 – Withdraw Stellar (XLM)

Unless you are trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extended period of time. To withdraw your Stellar (XLM), hover over the tab called “Funds” and mouse click on “Withdraw”. Stellar (XLM) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (XLM) Stellar by using the provided drop-down box. Enter the volumen of Stellar (XLM) you would like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address.

When you are glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a withdrawal.

Congratulations! You've successfully bought and stored Stellar (XLM) in Iran.

That's it!

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