How to Buy Stellar (XLM) in Iraq

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

Step 1 – Join Kraken

You'll first need to purchase one of the bigger currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below to register and receive your welcome Ethereum or Bitcoin.

Step 2 – Transfer Your Bitcoin or Ethereum to an Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Stellar (XLM) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Follow this how-to)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Locate Stellar (XLM)

Once your deposit has been confirmed, you will directly have access to your finances and you can initiate invest and trading. To buy Stellar (XLM) on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”.

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

Step 4 – Buy Stellar (XLM)

After you have discovered (XLM) Stellar, you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the up-to-date valuation Stellar (XLM) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of XLM you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the whole amount of XLM.

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

Step 5 – Withdraw (XLM) Stellar

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

Locate Stellar (XLM) by using the provided drop-down box. Enter the amount of Stellar (XLM) you'd like to take off. Take into account the shown minimus/fees. Also make sure you have entered your precise withdraw address.

When you're glad, make a mouse click on “Submit”. You may be asked for phone/email verification before a take off.

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

That's it!

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