How to Buy Stellar (XLM) in Montserrat

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

Step 1 – Join Kraken

You'll first need to purchase one of the major currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below to register and getting your first BTC (Bitcoin) or ETH (Ethereum).

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

Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Stellar (XLM) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps)

Make sure you've selected the right coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Find Stellar (XLM)

Once your deposit has been approved, you'll instantly have access to your assets and you can start invest and trading. To purchase (XLM) Stellar on Binance, you will want to go to the “Exchange” tab and then mouse click on “Basic”.

In order to discover Stellar (XLM), you'll need to put the cointype (XLM) into the search box, which is marked in the image. Be certain of having choosen the proper grouping, we have highlighted this also. Click on “XLM/BTC” to go ahead.

Step 4 – Acquisition of Stellar (XLM)

Once you've found Stellar (XLM), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). Next we are creating our own Limit Order.

The “Price” field will be filled with the most recent rate Stellar (XLM) was sold for. You can change this to your favoured price. The “Amount” field is the amount of XLM you want to purchase. The “Total” field is the total price in Bitcoin that you will settle for the whole volumen of XLM.

If you're glad, click on “Buy XLM”. Your order will be filled when a Vendor sells their XLM for the price you introduced.

Step 5 – Withdraw Stellar (XLM)

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

Find (XLM) Stellar by using the provided drop-down box. Put into the quantity of Stellar (XLM) you'd like to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address.

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

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

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you have confirmed your take off using Ethplorer.io or Etherscan.io and the (XLM) Stellar is stored within your wallet, you are all done.