How to Buy Stellar (XLM) in Libya

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

Step 1 – Join Kraken

In the beginning you'll need to purchase one of the bigger coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below to register and getting your welcome Ethereum (ETH) or Bitcoin (BTC).

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Stellar (XLM) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to)

Make sure you've selected the exact coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Find (XLM) Stellar

As soon as your deposit has been confirmed, you'll now have access to your assets and you can initiate invest and trading. To purchase (XLM) Stellar on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

In order to locate (XLM) Stellar, you'll need to insert the shortname of the coin (XLM) into the search-box, which is marked in the image. Make sure you have selected the right grouping, we have highlighted this also. Click on “XLM/BTC” to go on.

Step 4 – Acquisition of (XLM) Stellar

As soon as you've discovered Stellar (XLM), you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). And now we are creating our Limit Order.

The field with the “Price” tag will be filled with the most latest rate Stellar (XLM) was sold for. You can change this to your preferred price. The “Amount” field is the amount of XLM you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the whole volumen of XLM.

When you're satisfied, make a mouse click on “Buy XLM”. Your plan will be filled as soon as a Seller sells their XLM for the price you submitted.

Step 5 – Withdraw Stellar (XLM)

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

Find (XLM) Stellar by using the provided drop-down box. Drop in the quantity of (XLM) Stellar you'd like to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your precise withdraw address.

If you are glad, make a mouse click on “Submit”. You could be requested for verfication via phone/email ahead of a take off.

Congrats! You've successfully purchased and safed (XLM) Stellar in Libya.

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you have proved your withdrawal with Ethplorer.io or Etherscan.io and the (XLM) Stellar is stored inside your wallet, you're done.