A Step-by-Step-Guide on how to buy Stellar (XLM) in Mali
Step 1 – Signup to Kraken You'll first need to buy units of the top-tier coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below to register and getting your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) 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 guide) Make sure you've chosen the correct coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Locate (XLM) Stellar As soon as your deposit has been affirmed, you'll immediately have access to your funds and you can commence invest and trading. To invest in Stellar (XLM) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. To locate (XLM) Stellar, you'll need to put the short name of the asset (XLM) into the search-box, which is highlighted in the image. Be certain of having choosen the correct pairing, we have highlighted this too. Click on “XLM/BTC” to continue.
Step 4 – Acquisition of (XLM) Stellar As soon as you have spotted Stellar (XLM), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are going to create our Limit Order. The field with the “Price” tag will be automatically filled with the most recent rate Stellar (XLM) was traded for. You can change this to your favoured rate. The “Amount” field is the quantity of XLM you wish to buy. The “Total” field is the total price in BTC that you will pay for the complete amount of XLM. If you're glad, make a mouse click on “Buy XLM”. Your plan will be filled when a Seller sells their XLM for the price you introduced.
Step 5 – Withdraw Stellar (XLM) Unless you're regularly trading, never keep your crypto coins on an Cryptocurrency Exchange for an extensive time period. To withdraw your Stellar (XLM), go to the “Funds” tab and click on “Withdraw”. (XLM) Stellar can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (XLM) Stellar by using the given drop-down box. Drop in the amount of Stellar (XLM) you would wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your precise withdraw address. When you're glad, click on “Submit”. You may be requested for email/phone verification before a withdrawal.