How to Buy Stellar (XLM) in Monaco

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

Step 1 – Join Kraken

You'll first need to buy one of the top-tier coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below for registration and receive your welcome Ethereum (ETH) or Bitcoin (BTC).

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Stellar (XLM) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow these easy steps)

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

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. If you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).

Step 3 – Locate Stellar (XLM)

Once your deposit has been verified, you will directly have access to your finances and you can start buying and trading. To purchase (XLM) Stellar on Binance, you will want to go to the “Exchange” tab and then click on “Basic”.

To discover (XLM) Stellar, you'll need to put the cointype (XLM) into the search-box, which is marked in the picture. Make sure you have choosen the proper pairing, we have highlighted this also. Click on “XLM/BTC” to go on.

Step 4 – Purchasing (XLM) Stellar

As soon as you've spotted Stellar (XLM), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). Next we are going to create our Limit Order.

The field with the “Price” tag will be filled automatically with the up-to-date rate (XLM) Stellar was traded for. You can change this to your preferred rate. The “Amount” field is the amount of XLM you like to buy. The “Total” field is the whole price in Bitcoin that you'll settle for the complete volumen of XLM.

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

Step 5 – Withdraw (XLM) Stellar

Unless you are regularly trading, best advise is not to keep crypto coins on an Crypto Trader for an extensive time period. To take off your (XLM) Stellar, go to the “Funds” tab and mouse click on “Withdraw”. Stellar (XLM) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Stellar (XLM) by using the given drop-down box. Enter the amount of (XLM) Stellar you'd wish to take off. Take into account the displayed minimus/fees. Also make sure you have entered your right withdraw address.

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

Congrats! You have successfully purchased and safed Stellar (XLM) in Monaco.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (depending on usage of the network). Once you have confirmed your take off with Etherscan.io or Ethplorer.io and the (XLM) Stellar is safe inside your wallet, you're done.