A Step-by-Step-Guide on how to buy Stellar (XLM) in Lithuania
Step 1 – Join Kraken You'll first need to purchase one of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and receive your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. 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? (Follow this manual) Make sure you have chosen the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Locate (XLM) Stellar Once your deposit has been confirmed, you'll now have access to your finances and you can start buying and trading. To buy Stellar (XLM) on Binance, you will want to hover over the “Exchange” tab and then click on “Basic”. In order to find (XLM) Stellar, you will need to insert the shortname of the coin (XLM) into the search-box, which is highlighted in the picture. Make sure you have selected the correct pairing, we have highlighted this too. Click on “XLM/BTC” to go on.
Step 4 – Purchase Stellar (XLM) As soon as you've discovered Stellar (XLM), you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). And now we're making our Limit Order. The “Price” field will be automatically filled with the recent price Stellar (XLM) was traded for. You can change this to your desired rate. The “Amount” field is the quantity of XLM you want to buy. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the whole volumen of XLM. If you're happy, click on “Buy XLM”. Your plan will be filled when a Vendor sells their XLM for the price you submitted.
Step 5 – Withdraw Stellar (XLM) Unless you are frequently trading, never keep your crypto coins on an Crypto Trader for an longer time frame. In order to withdraw your (XLM) Stellar, hover over the tab called “Funds” and mouse click on “Withdraw”. Stellar (XLM) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (XLM) Stellar by using the given drop-down box. Put into the quantity of Stellar (XLM) you would wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. When you're satisfied, make a mouse click on “Submit”. You may be requested for phone/email verification before a take off.