A Step-by-Step-Guide on how to buy Stellar (XLM) in Mayotte
Step 1 – Join Kraken You'll first need to purchase units of the top-tier coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below to register and to get your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Stellar (XLM) is accessible on Binance, so we will use that as an example. Not sure 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, Ethereum to an ETH deposit address, et cetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Locate Stellar (XLM) Once your deposit has been verified, you'll immediately have access to your funds and you can commence buying and trading. To buy Stellar (XLM) on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”. In order to discover (XLM) Stellar, you will need to put the shortname of the coin (XLM) into the search-box, which is highlighted in the graphic. Be certain of having choosen the correct grouping, we have highlighted this also. Click on “XLM/BTC” to go ahead.
Step 4 – Acquisition of (XLM) Stellar After you have discovered Stellar (XLM), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). For now we are going to make our Limit Order. The “Price” field will be automatically filled with the most up-to-date rate Stellar (XLM) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of XLM you like to purchase. The field with the “Total” tag is the total price in BTC that you will pay for the complete quantity of XLM. If you are happy, make a mouse click on “Buy XLM”. Your plan will be filled as soon as a Seller trades their XLM for the price you gave.
Step 5 – Withdraw (XLM) Stellar Unless you are frequently trading, best advise is not to keep crypto on an Exchange for an extended period of time. To withdraw your (XLM) Stellar, go to the “Funds” tab and mouse click on “Withdraw”. (XLM) Stellar can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Stellar (XLM) by using the given drop-down box. Enter the quantity of Stellar (XLM) you'd wish to take off. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address. If you're glad, click “Submit”. You may be requested for phone/email verification before a take off.