How to Buy Stellar (XLM) in Mozambique

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

Step 1 – Signup to Kraken

You'll first need to buy units of the top-tier currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below for registration and getting your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Send Your Ethereum or Bitcoin to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Stellar (XLM) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you have chosen the correct coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Find Stellar (XLM)

As soon as your deposit has been approved, you will directly have access to your funds and you can begin purchasing and trading. To invest in Stellar (XLM) on Binance, you'll want to hover over the “Exchange” tab and after that click on “Basic”.

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

Step 4 – Acquisition of Stellar (XLM)

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

The “Price” field will be filled with the most latest tariff (XLM) Stellar was sold for. This can be changed to your preferred rate. The “Amount” field is the volumen of XLM you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete amount of XLM.

If you are happy, make a mouse click on “Buy XLM”. Your order will be filled as soon as a Vendor trades their XLM for the price you offered.

Step 5 – Withdraw (XLM) Stellar

Unless you're regularly trading, best advise is not to keep your crypto coins on an Exchange for an extensive time period. To take off your Stellar (XLM), hover over the tab called “Funds” and mouse click on “Withdraw”. (XLM) Stellar can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Stellar (XLM) by using the provided drop-down box. Put into the amount of (XLM) Stellar you'd wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address.

If you are glad, click “Submit”. You could be requested for phone/email verification ahead of a withdrawal.

Kudos! You have successfully bought and safed Stellar (XLM) in Mozambique.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the Stellar (XLM) is safe within your wallet, you are done.