How to Buy Stellar (XLM) in Malaysia

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

Step 1 – Join CEX.io

In the beginning you'll need to purchase one of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and getting your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Send Your Funds to an Cryptocurrency Exchange

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Stellar (XLM) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Find Stellar (XLM)

Once your deposit has been verified, you will instantly have access to your assets and you can start buying and trading. To purchase Stellar (XLM) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”.

To spot Stellar (XLM), you will need to put the shortname of the coin (XLM) into the search box, which is highlighted in the image. Be certain of having selected the right grouping, we've highlighted this too. Click on “XLM/BTC” to go on.

Step 4 – Acquisition of (XLM) Stellar

After you have located Stellar (XLM), you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we are going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the most latest valuation (XLM) Stellar was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of XLM you want to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the complete quantity of XLM.

If you are satisfied, click on “Buy XLM”. Your plan will be filled as soon as a Vender sells their XLM for the price you submitted.

Step 5 – Withdraw (XLM) Stellar

Unless you're regularly trading, best advise is not to keep crypto coins on an Exchange for an longer time frame. In order to take off your Stellar (XLM), hover over the “Funds” tab and click on “Withdraw”. Stellar (XLM) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Stellar (XLM) by using the provided drop-down box. Put into the amount of Stellar (XLM) you would wish to take off. Take into account the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

If you're satisfied, click on “Submit”. You could be requested for phone/email verification before a withdrawal.

Kudos! You've successfully bought and stored (XLM) Stellar in Malaysia.

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (rely on network usage). Once you have confirmed your take off using Ethplorer.io or Etherscan.io and the (XLM) Stellar is stored within your wallet, you are finished.