A Step-by-Step-Guide on how to buy Stellar (XLM) in Kenya
Step 1 – Join Kraken You will first need to purchase units of the bigger currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below to register and to get your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Funds to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Stellar (XLM) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have selected the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate (XLM) Stellar As soon as your deposit has been confirmed, you will directly have access to your finances and you can initiate buying and trading. To invest in Stellar (XLM) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to find (XLM) Stellar, you'll need to insert the cointype (XLM) into the search-box, which is highlighted in the picture. Make sure you have selected the right pairing, we have marked this too. Click on “XLM/BTC” to proceed.
Step 4 – Purchase (XLM) Stellar After you have discovered Stellar (XLM), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). And now we're creating our Limit Order. The field with the “Price” tag will be filled automatically with the latest valuation (XLM) Stellar was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of XLM you want to purchase. The “Total” field is the aggregated price in Bitcoin that you will settle for the complete amount of XLM. When you are happy, click on “Buy XLM”. Your order will be filled as soon as a Seller sells their XLM for the price you gave.
Step 5 – Withdraw Stellar (XLM) Unless you're frequently trading, never keep your crypto coins on an Crypto Exchange for an longer time frame. In order to withdraw your (XLM) Stellar, hover over the tab called “Funds” and click on “Withdraw”. Stellar (XLM) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Stellar (XLM) by using the given drop-down box. Put into the amount of Stellar (XLM) you would wish to take off. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address. When you're glad, click on “Submit”. You may be requested for verfication via email/phone before a take off.