A Step-by-Step-Guide on how to buy Stellar (XLM) in Mauritius
Step 1 – Join Kraken In the beginning you'll need to purchase units of the bigger currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below to register and getting your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) 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 available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide) Make sure you have chosen the right coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. If you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find (XLM) Stellar As soon as your deposit has been verified, you'll instantly have access to your funds and you can initiate buying and trading. To invest in (XLM) Stellar on Binance, you'll want to hover over the “Exchange” tab and then click on “Basic”. In order to spot Stellar (XLM), you'll need to put the cointype (XLM) into the search-box, which is highlighted in the graphic. Be certain of having selected the right pairing, we've highlighted this also. Click on “XLM/BTC” to progress.
Step 4 – Purchasing (XLM) Stellar Once you have found (XLM) Stellar, you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). And now we are going to make our Limit Order. The “Price” field will be filled automatically with the recent tariff (XLM) Stellar was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of XLM you want to purchase. The “Total” field is the aggregated price in BTC that you'll settle for the complete volumen of XLM. If you're happy, make a mouse click on “Buy XLM”. Your plan will be filled when a Vendor trades their XLM for the price you gave.
Step 5 – Withdraw Stellar (XLM) Unless you're regularly trading, best advise is not to keep crypto on an Exchange for an extended period of time. In order to withdraw your Stellar (XLM), go to the tab called “Funds” and click on “Withdraw”. (XLM) Stellar can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XLM) Stellar by using the provided drop-down box. Put into the volumen of Stellar (XLM) 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 are glad, click “Submit”. You may be asked for verfication via email/phone before a take off.