How to Buy Stellar (XLM) in Liberia

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

Step 1 – Join Kraken

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

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

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

Make sure you've chosen the right coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Find (XLM) Stellar

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

To locate (XLM) Stellar, you will need to insert the cointype (XLM) into the search box, which is marked in the picture. Make sure you have choosen the proper pairing, we've highlighted this too. Click on “XLM/BTC” to advance.

Step 4 – Acquisition of (XLM) Stellar

After you've discovered Stellar (XLM), you will 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 going to create our Limit Order.

The “Price” field will be filled with the up-to-date valuation Stellar (XLM) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of XLM you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you will pay for the whole volumen of XLM.

If you are happy, click on “Buy XLM”. Your plan will be filled when a Seller sells their XLM for the price you offered.

Step 5 – Withdraw Stellar (XLM)

Unless you are frequently trading, never keep your coins on an Cryptocurrency Exchange for an longer period of time. In order to withdraw your Stellar (XLM), hover over the “Funds” tab and mouse click on “Withdraw”. Stellar (XLM) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (XLM) Stellar by using the given drop-down box. Enter the volumen of Stellar (XLM) you would wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your precise withdraw address.

If you're glad, click on “Submit”. You could be asked for verfication via phone/email ahead of a take off.

Congratulations! You've successfully purchased and stored Stellar (XLM) in Liberia.

That's it!

Take offs from Crypto Trader can take anywhere from 1 – 30 minutes (rely on network usage). Once you have confirmed your take off with Ethplorer.io or Etherscan.io and the (XLM) Stellar is stored inside your wallet, you're done.