A Step-by-Step-Guide on how to buy Stellar (XLM) in Luxembourg
Step 1 – Join Kraken You will first need to buy units of the major coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Click below to register and receive your first Ethereum or Bitcoin.
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Stellar (XLM) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you have chosen the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you're 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 confirmed, you'll instantly have access to your assets and you can initiate purchasing and trading. To buy Stellar (XLM) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To locate (XLM) Stellar, you'll need to put the shortname of the coin (XLM) into the search box, which is marked in the image. Make sure you have selected the right pairing, we have highlighted this too. Click on “XLM/BTC” to advance.
Step 4 – Acquisition of Stellar (XLM) As soon as you've spotted (XLM) Stellar, you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). For now we are going to create our Limit Order. The “Price” field will be filled with the most recent valuation Stellar (XLM) was sold for. This can be changed to your preferred price. The “Amount” field is the amount of XLM you like to buy. The “Total” field is the whole price in BTC that you will pay for the whole amount of XLM. When you're satisfied, make a mouse click on “Buy XLM”. Your plan will be filled when a Seller trades their XLM for the price you offered.
Step 5 – Withdraw (XLM) Stellar Unless you're regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive 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, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (XLM) Stellar by using the provided drop-down box. Put into the amount of (XLM) Stellar you'd wish to take off. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address. If you're glad, click on “Submit”. You may be requested for phone/email verification before a take off.