How to Buy Stellar (XLM) in Netherlands

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

Step 1 – Join Kraken

You'll first need to buy one of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and receive your first Ethereum or Bitcoin.

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

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Stellar (XLM) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to)

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Find (XLM) Stellar

As soon as your deposit has been verified, you'll now have access to your assets and you can commence purchasing and trading. To buy (XLM) Stellar on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”.

To discover Stellar (XLM), you will need to put the shortname of the coin (XLM) into the search-box, which is highlighted in the graphic. Make sure you have choosen the right grouping, we've highlighted this also. Click on “XLM/BTC” to advance.

Step 4 – Acquisition of Stellar (XLM)

After you have found (XLM) Stellar, you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we are making our own Limit Order.

The field with the “Price” tag will be automatically filled with the latest price Stellar (XLM) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of XLM you wish to purchase. The field with the “Total” tag is the total price in BTC that you'll pay for the complete amount of XLM.

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

Step 5 – Withdraw (XLM) Stellar

Unless you're frequently trading, best advise is not to keep crypto on an Crypto Trader for an extended time frame. In order to take off your (XLM) Stellar, go to the tab called “Funds” and mouse click on “Withdraw”. Stellar (XLM) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (XLM) Stellar by using the provided drop-down box. Put into the volumen of Stellar (XLM) you would like to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address.

If you're glad, click on “Submit”. You may be asked for phone/email verification before a withdrawal.

Congratulations! You have successfully bought and stored (XLM) Stellar in Netherlands.

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the Stellar (XLM) is safe in your wallet, you are all done.