How to Buy Stellar (XLM) in Kuwait

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

Step 1 – Join Kraken

In the beginning you'll need to purchase units of the bigger currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and receive your first Ethereum (ETH) or Bitcoin (BTC).

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

Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Stellar (XLM) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps)

Make sure you have selected the right coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Locate (XLM) Stellar

Once your deposit has been affirmed, you'll now have access to your finances and you can launch buying and trading. To buy Stellar (XLM) on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”.

In order to find Stellar (XLM), you will need to put the short name of the asset (XLM) into the search box, which is highlighted in the graphic. Make sure you have selected the correct 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 presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are making our Limit Order.

The field with the “Price” tag will be filled with the most latest tariff Stellar (XLM) was sold for. You can change this to your favoured price. The “Amount” field is the volumen of XLM you like to buy. The field with the “Total” tag is the whole price in BTC that you'll settle for the complete amount of XLM.

When you are happy, make a mouse click on “Buy XLM”. Your plan will be filled as soon as a Seller sells their XLM for the price you offered.

Step 5 – Withdraw Stellar (XLM)

Unless you're trading, never keep your coins on an Crypto Exchange for an extended time period. To withdraw your (XLM) Stellar, go to the tab called “Funds” and mouse click on “Withdraw”. (XLM) Stellar can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Stellar (XLM) by using the provided drop-down box. Enter the amount of (XLM) Stellar you'd like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address.

When you're happy, click on “Submit”. You may be requested for verfication via email/phone ahead of a take off.

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

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've proved your withdrawal using Ethplorer.io or Etherscan.io and the (XLM) Stellar is safe inside your wallet, you are finished.