A Step-by-Step-Guide on how to buy Stellar (XLM) in Liechtenstein
Step 1 – Join Kraken In the beginning you'll need to buy one of the major coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Click below to register and getting your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Stellar (XLM) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this manual) Make sure you've selected the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Find Stellar (XLM) As soon as your deposit has been verified, you will directly have access to your assets and you can initiate invest and trading. To purchase (XLM) Stellar on Binance, you will want to go to the “Exchange” tab and after that mouse click on “Basic”. In order to locate (XLM) Stellar, you will need to put the shortname of the coin (XLM) into the search box, which is highlighted in the graphic. Make sure you have selected the correct pairing, we have marked this also. Click on “XLM/BTC” to advance.
Step 4 – Buying Stellar (XLM) As soon as you've spotted Stellar (XLM), you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we are making our own Limit Order. The “Price” field will be filled automatically with the latest tariff Stellar (XLM) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the amount of XLM you like to buy. The “Total” field is the aggregated price in BTC that you'll settle for the complete volumen of XLM. When you are happy, click on “Buy XLM”. Your order will be filled when a Vendor trades their XLM for the price you gave.
Step 5 – Withdraw Stellar (XLM) Unless you are trading, never keep your crypto coins on an Crypto Exchange for an extended time period. In order to take off your Stellar (XLM), go to the tab called “Funds” and mouse click on “Withdraw”. (XLM) Stellar can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Stellar (XLM) by using the given drop-down box. Enter the quantity of Stellar (XLM) you would like to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your precise withdraw address. When you're satisfied, click on “Submit”. You could be asked for phone/email verification ahead of a take off.