A Step-by-Step-Guide on how to buy Stellar (XLM) in Nepal
Step 1 – Join Kraken In the beginning you'll need to buy units of the top-tier coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below for registration and getting your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Exchange 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 funds from Coinbase to an Exchange? (Follow this guide) Make sure you've selected the right coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Find Stellar (XLM) Once your deposit has been affirmed, you'll instantly have access to your finances and you can launch buying and trading. To purchase Stellar (XLM) on Binance, you will want to go to the “Exchange” tab and then click on “Basic”. In order to find (XLM) Stellar, you will need to put the shortname of the coin (XLM) into the search-box, which is marked in the image. Be certain of having selected the correct pairing, we've marked this too. Click on “XLM/BTC” to progress.
Step 4 – Purchasing (XLM) Stellar As soon as you have discovered Stellar (XLM), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). For now we're going to create our Limit Order. The “Price” field will be filled with the recent price (XLM) Stellar was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of XLM you like to purchase. The field with the “Total” tag is the whole price in BTC that you will settle for the whole quantity of XLM. If you're satisfied, click on “Buy XLM”. Your plan will be filled when a Vender trades their XLM for the price you submitted.
Step 5 – Withdraw (XLM) Stellar Unless you are regularly trading, never keep your crypto on an Crypto Trader for an longer time frame. To take off your Stellar (XLM), hover over the “Funds” tab and click on “Withdraw”. Stellar (XLM) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (XLM) Stellar by using the given drop-down box. Enter the amount of Stellar (XLM) you would wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your precise withdraw address. If you are satisfied, click on “Submit”. You may be requested for phone/email verification ahead of a withdrawal.