How to Buy Stellar (XLM) in Malta

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

Step 1 – Signup to Kraken

You'll first need to purchase units of the major currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Click below to register and receive your welcome Bitcoin or Ethereum.

Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. 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 selected the precise coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Locate (XLM) Stellar

As soon as your deposit has been affirmed, you will instantly have access to your assets and you can launch purchasing and trading. To purchase (XLM) Stellar on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”.

To find (XLM) Stellar, you will need to insert the short name of the asset (XLM) into the search-box, which is highlighted in the image. Be certain of having selected the proper grouping, we've highlighted this also. Click on “XLM/BTC” to go on.

Step 4 – Purchase (XLM) Stellar

After you've discovered Stellar (XLM), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). Next we're creating our own Limit Order.

The field with the “Price” tag will be filled with the up-to-date tariff (XLM) Stellar was traded for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of XLM you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole volumen of XLM.

When you're glad, make a mouse click on “Buy XLM”. Your order will be filled as soon as a Vendor trades their XLM for the price you submitted.

Step 5 – Withdraw (XLM) Stellar

Unless you're trading, best advise is not to keep your coins on an Crypto Exchange for an extended time frame. To take off your Stellar (XLM), go to the “Funds” tab and click on “Withdraw”. Stellar (XLM) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Stellar (XLM) by using the given drop-down box. Put into the quantity of (XLM) Stellar you'd like to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

When you're satisfied, make a mouse click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.

Congratulations! You've successfully bought and stored Stellar (XLM) in Malta.

That's it!

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