How to Buy Stellar (XLM) in Latvia

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

Step 1 – Join Kraken

In the beginning you'll need to buy one of the major coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below for registration and to get your first Bitcoin (BTC) or Ethereum (ETH).

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Stellar (XLM) is accessible on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual)

Make sure you have chosen the correct coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).

Step 3 – Find Stellar (XLM)

Once your deposit has been affirmed, you'll immediately have access to your assets and you can commence buying and trading. To purchase Stellar (XLM) on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”.

In order to locate Stellar (XLM), you'll need to insert the short name of the asset (XLM) into the search-box, which is marked in the picture. Make sure you have selected the right pairing, we've marked this too. Click on “XLM/BTC” to progress.

Step 4 – Purchasing Stellar (XLM)

As soon as you have spotted (XLM) Stellar, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're going to make our Limit Order.

The “Price” field will be automatically filled with the latest valuation (XLM) Stellar was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of XLM you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the whole volumen of XLM.

When you are glad, make a mouse click on “Buy XLM”. Your plan will be filled when a Seller trades their XLM for the price you gave.

Step 5 – Withdraw Stellar (XLM)

Unless you're regularly trading, you should never keepyour coins on an Crypto Exchange for an extensive time frame. To withdraw your Stellar (XLM), go to the “Funds” tab and mouse click on “Withdraw”. (XLM) Stellar can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (XLM) Stellar by using the provided drop-down box. Drop in the amount of (XLM) Stellar you would like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address.

If you are satisfied, click “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.

Congratulations! You have successfully bought and safed Stellar (XLM) in Latvia.

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the Stellar (XLM) is safe within your wallet, you're all done.