A Step-by-Step-Guide on how to buy Stellar (XLM) in Jamaica
Step 1 – Signup to Kraken In the beginning you'll need to buy one of the bigger coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below for registration and to get your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Trader 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 illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow these easy steps) Make sure you've selected the right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).
Step 3 – Find (XLM) Stellar Once your deposit has been confirmed, you will immediately have access to your assets and you can begin buying and trading. To buy (XLM) Stellar on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to discover (XLM) Stellar, you'll need to put the cointype (XLM) into the search box, which is highlighted in the image. Be certain of having choosen the right pairing, we've highlighted this too. Click on “XLM/BTC” to progress.
Step 4 – Buy (XLM) Stellar After you have located Stellar (XLM), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). And now we're creating our Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date valuation (XLM) Stellar was traded for. You can change this to your favoured price. The “Amount” field is the amount of XLM you want to purchase. The “Total” field is the whole price in Bitcoin that you'll settle for the whole amount of XLM. If you are satisfied, make a mouse click on “Buy XLM”. Your order will be filled as soon as a Seller sells their XLM for the price you introduced.
Step 5 – Withdraw Stellar (XLM) Unless you're regularly trading, best advise is not to keep coins on an Exchange for an longer time frame. In order to withdraw your Stellar (XLM), hover over the tab called “Funds” and mouse click on “Withdraw”. Stellar (XLM) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Stellar (XLM) by using the provided drop-down box. Enter the volumen of Stellar (XLM) you would like to take off. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address. When you're glad, make a mouse click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.