A Step-by-Step-Guide on how to buy Stellar (XLM) in Ireland
Step 1 – Join Kraken You'll first need to purchase units of the bigger coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below for registration and to get your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Stellar (XLM) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to) Make sure you've chosen the right coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Find (XLM) Stellar Once your deposit has been affirmed, you'll immediately have access to your funds and you can begin purchasing and trading. To buy Stellar (XLM) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to find Stellar (XLM), you'll need to put the shortname of the coin (XLM) into the search-box, which is highlighted in the image. Make sure you have choosen the proper grouping, we have marked this too. Click on “XLM/BTC” to advance.
Step 4 – Buying Stellar (XLM) As soon as you've found (XLM) Stellar, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). Next we are making our own 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 desired price. The field with the “Amount” tag is the volumen of XLM you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the complete volumen of XLM. When you are satisfied, make a mouse click on “Buy XLM”. Your order will be filled when a Vendor sells their XLM for the price you gave.
Step 5 – Withdraw Stellar (XLM) Unless you're frequently trading, best advise is not to keep crypto coins on an Exchange for an longer period of time. In order to take off your Stellar (XLM), hover over the “Funds” tab and mouse click on “Withdraw”. (XLM) Stellar can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Stellar (XLM) by using the given drop-down box. Put into the quantity of Stellar (XLM) you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address. If you're happy, click on “Submit”. You may be asked for phone/email verification ahead of a take off.