How to Buy Stellar (XLM) in Mexico

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

Step 1 – Signup to Kraken

You will first need to buy one of the top-tier currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below for registration and to get your welcome Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Stellar (XLM) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps)

Make sure you have chosen the exact coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).

Step 3 – Locate (XLM) Stellar

Once your deposit has been confirmed, you will directly have access to your finances and you can initiate purchasing and trading. To buy Stellar (XLM) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

To spot Stellar (XLM), you will need to put the short name of the asset (XLM) into the search box, which is highlighted in the graphic. Be certain of having choosen the correct grouping, we've highlighted this also. Click on “XLM/BTC” to go ahead.

Step 4 – Purchasing Stellar (XLM)

As soon as you've spotted (XLM) Stellar, you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). For now we're going to create our own Limit Order.

The “Price” field will be filled with the latest rate (XLM) Stellar was sold for. You can change this to your favoured price. The “Amount” field is the quantity of XLM you want to buy. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete quantity of XLM.

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

Step 5 – Withdraw Stellar (XLM)

Unless you're regularly trading, you should never keepyour coins on an Cryptocurrency Exchange for an extended period of time. In order to take off your Stellar (XLM), go to the tab called “Funds” and click on “Withdraw”. (XLM) Stellar can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (XLM) Stellar by using the provided drop-down box. Enter the quantity of Stellar (XLM) you would wish to take off. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address.

When you are happy, click “Submit”. You could be requested for verfication via phone/email ahead of a take off.

Congrats! You have successfully bought and safed (XLM) Stellar in Mexico.

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you have proved your withdrawal with Ethplorer.io or Etherscan.io and the (XLM) Stellar is safe inside your wallet, you're done.