A Step-by-Step-Guide on how to buy Stellar (XLM) in Jamaica
Step 1 – Signup to Coinbase and recieve 10$ for free In the beginning you'll need to purchase one of the major currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below to register and to get your welcome $10.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Stellar (XLM) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to) Make sure you have selected the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).
Step 3 – Find Stellar (XLM) As soon as your deposit has been confirmed, you will instantly have access to your finances and you can begin purchasing and trading. To buy (XLM) Stellar on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to locate (XLM) Stellar, you'll need to put the shortname of the coin (XLM) into the search-box, which is highlighted in the graphic. Make sure you have choosen the right grouping, we've marked this too. Click on “XLM/BTC” to go ahead.
Step 4 – Purchasing Stellar (XLM) After you've found Stellar (XLM), you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). And now we are going to create our own Limit Order. The field with the “Price” tag will be filled with the most recent price (XLM) Stellar was sold for. You can change this to your desired price. The field with the “Amount” tag is the amount of XLM you wish to buy. The “Total” field is the total price in BTC that you'll settle for the whole quantity of XLM. If 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 regularly trading, best advise is not to keep crypto coins on an Crypto Exchange for an extended time frame. To take off your Stellar (XLM), go to the “Funds” tab and mouse click on “Withdraw”. Stellar (XLM) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (XLM) Stellar by using the provided drop-down box. Drop in the amount of (XLM) Stellar you would wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. When you're glad, click on “Submit”. You may be requested for verfication via email/phone ahead of a take off.