How to Buy Stellar (XLM) in Micronesia

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

Step 1 – Signup to CEX.io

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

Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange

Your Bitcoin or Ethereum has 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 sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide)

Make sure you have selected the precise coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Locate Stellar (XLM)

As soon as your deposit has been verified, you will now have access to your funds and you can commence invest and trading. To purchase (XLM) Stellar on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”.

In order to spot Stellar (XLM), you'll need to put the shortname of the coin (XLM) into the search-box, which is highlighted in the picture. Make sure you have choosen the proper grouping, we've marked this too. Click on “XLM/BTC” to continue.

Step 4 – Buying (XLM) Stellar

After you have spotted Stellar (XLM), you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the most latest valuation (XLM) Stellar was traded for. You can change this to your desired price. The field with the “Amount” tag is the amount of XLM you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the whole amount of XLM.

When you are satisfied, click on “Buy XLM”. Your order will be filled as soon as a Vender trades their XLM for the price you submitted.

Step 5 – Withdraw Stellar (XLM)

Unless you're frequently trading, never keep your crypto coins on an Exchange for an extended time period. In order to take off your Stellar (XLM), go to the “Funds” tab and mouse click on “Withdraw”. (XLM) Stellar can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (XLM) Stellar by using the given drop-down box. Drop in the quantity of Stellar (XLM) you'd wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address.

If you are satisfied, click “Submit”. You could be asked for verfication via email/phone ahead of a take off.

Congrats! You have successfully bought and stored (XLM) Stellar in Micronesia.

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (XLM) Stellar is safe inside your wallet, you are all done.