How to Buy Stellar (XLM) in Malawi

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

Step 1 – Signup to Kraken

You'll first need to buy units of the major coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below for registration and getting your first BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Stellar (XLM) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual)

Make sure you've chosen the correct coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Find (XLM) Stellar

As soon as your deposit has been affirmed, you will instantly have access to your funds and you can initiate buying and trading. To purchase Stellar (XLM) on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”.

In order to discover (XLM) Stellar, you'll need to put the short name of the asset (XLM) into the search-box, which is highlighted in the graphic. Make sure you have selected the correct grouping, we've highlighted this too. Click on “XLM/BTC” to continue.

Step 4 – Acquisition of Stellar (XLM)

Once you have spotted (XLM) Stellar, you will be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). For now we're making our Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date price Stellar (XLM) was traded for. This can be changed to your desired price. The “Amount” field is the volumen of XLM you want to purchase. The “Total” field is the whole price in BTC that you will settle for the whole quantity 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 (XLM) Stellar

Unless you are regularly trading, never keep your coins on an Crypto Exchange for an extensive time frame. To take off your (XLM) Stellar, go to the tab called “Funds” and click on “Withdraw”. Stellar (XLM) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you are glad, make a mouse click on “Submit”. You may be asked for verfication via email/phone before a withdrawal.

Kudos! You've successfully bought and safed (XLM) Stellar in Malawi.

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (XLM) Stellar is stored within your wallet, you are done.