How to Buy Stellar (XLM) in Kyrgyzstan

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

Step 1 – Signup to Kraken

In the beginning you'll need to purchase units of the top-tier coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below for registration and to get your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Send Your Ethereum or Bitcoin to an Exchange

Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Stellar (XLM) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to)

Make sure you have selected the correct coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Find Stellar (XLM)

Once your deposit has been approved, you'll immediately have access to your funds and you can launch purchasing and trading. To purchase (XLM) Stellar on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”.

To locate (XLM) Stellar, you will need to put the cointype (XLM) into the search-box, which is marked in the image. Make sure you have choosen the proper pairing, we have marked this also. Click on “XLM/BTC” to go on.

Step 4 – Purchase Stellar (XLM)

As soon as you've found Stellar (XLM), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). Next we're going to make our Limit Order.

The “Price” field will be automatically filled with the recent tariff Stellar (XLM) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the volumen of XLM you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete quantity of XLM.

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

Step 5 – Withdraw (XLM) Stellar

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

Find (XLM) Stellar by using the provided drop-down box. Drop in the volumen of (XLM) Stellar you'd wish to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address.

If you are happy, make a mouse click on “Submit”. You could be asked for email/phone verification ahead of a take off.

Kudos! You have successfully purchased and safed Stellar (XLM) in Kyrgyzstan.

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the Stellar (XLM) is safe within your wallet, you are all done.