A Step-by-Step-Guide on how to buy Stellar (XLM) in Madagascar
Step 1 – Signup to Kraken In the beginning you'll need to purchase one of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below to register and receive your first Bitcoin or Ethereum.
Step 2 – Send Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Stellar (XLM) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual) Make sure you've selected the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you're using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Find Stellar (XLM) As soon as your deposit has been verified, you'll directly have access to your funds and you can begin invest and trading. To purchase (XLM) Stellar on Binance, you will want to hover over the “Exchange” tab 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 highlighted in the picture. Make sure you have choosen the correct grouping, we have marked this too. Click on “XLM/BTC” to go ahead.
Step 4 – Purchase (XLM) Stellar Once you've spotted (XLM) Stellar, you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're going to create our Limit Order. The “Price” field will be filled with the most up-to-date price Stellar (XLM) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of XLM you wish to purchase. The “Total” field is the aggregated price in BTC that you'll settle for the whole volumen of XLM. When you are glad, make a mouse click on “Buy XLM”. Your order will be filled as soon as a Vender sells their XLM for the price you gave.
Step 5 – Withdraw Stellar (XLM) Unless you're frequently trading, you should never keepyour crypto on an Exchange for an longer period of time. In order to take off your Stellar (XLM), go to the tab called “Funds” and mouse click on “Withdraw”. (XLM) Stellar can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XLM) Stellar by using the provided drop-down box. Put into the amount of (XLM) Stellar you'd wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. If you are satisfied, make a mouse click on “Submit”. You may be asked for email/phone verification ahead of a take off.