How to Buy Stellar (XLM) in Kiribati

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

Step 1 – Join Kraken

You'll first need to purchase one of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and to get your first Ethereum or Bitcoin.

Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange

Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Stellar (XLM) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to)

Make sure you've chosen the precise coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Find (XLM) Stellar

As soon as your deposit has been verified, you'll immediately have access to your finances and you can commence purchasing and trading. To buy Stellar (XLM) on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”.

To locate Stellar (XLM), you will need to insert the short name of the asset (XLM) into the search-box, which is highlighted in the picture. Be certain of having choosen the right grouping, we've marked this also. Click on “XLM/BTC” to continue.

Step 4 – Acquisition of Stellar (XLM)

Once you have located (XLM) Stellar, you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're making our Limit Order.

The “Price” field will be filled with the latest valuation (XLM) Stellar was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of XLM you wish to purchase. The “Total” field is the aggregated price in BTC that you will pay for the whole quantity of XLM.

When you're glad, make a mouse click on “Buy XLM”. Your order will be filled when a Seller trades their XLM for the price you offered.

Step 5 – Withdraw Stellar (XLM)

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

Find (XLM) Stellar by using the given drop-down box. Drop in the quantity of (XLM) Stellar you would wish to take off. Take into account the displayed fees/minimums. Also make sure you have filled your right withdraw address.

When you're satisfied, click “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.

Kudos! You have successfully bought and stored Stellar (XLM) in Kiribati.

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (depending on network usage). Once you've confirmed your take off with Etherscan.io or Ethplorer.io and the (XLM) Stellar is stored within your wallet, you're finished.