How to Buy Stellar (XLM) in Laos

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

Step 1 – Signup to Kraken

You'll first need to purchase units of the major coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below for registration and receive your first BTC (Bitcoin) or ETH (Ethereum).

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Stellar (XLM) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual)

Make sure you've selected the correct coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Find Stellar (XLM)

Once your deposit has been affirmed, you will instantly have access to your finances and you can initiate invest and trading. To buy (XLM) Stellar on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”.

To find Stellar (XLM), you will need to put the short name of the asset (XLM) into the search-box, which is marked in the graphic. Make sure you have choosen the right pairing, we've highlighted this also. Click on “XLM/BTC” to continue.

Step 4 – Buy (XLM) Stellar

After you've spotted (XLM) Stellar, you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). Next we're creating our Limit Order.

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

If you are 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 Stellar (XLM)

Unless you are trading, you should never keepyour coins on an Cryptocurrency Exchange for an longer time frame. To withdraw your (XLM) Stellar, go to the “Funds” tab and click on “Withdraw”. (XLM) Stellar can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (XLM) Stellar by using the provided drop-down box. Drop in the amount of Stellar (XLM) you'd wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address.

If you are happy, click “Submit”. You could be asked for email/phone verification before a take off.

Congratulations! You have successfully bought and stored Stellar (XLM) in Laos.

That's it!

Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the Stellar (XLM) is stored within your wallet, you are finished.