How to Buy Stellar (XLM) in New Zealand

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

Step 1 – Join Kraken

In the beginning you'll need to purchase one of the bigger coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below to register and getting your welcome ETH (Ethereum) or BTC (Bitcoin).

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

Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Stellar (XLM) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to)

Make sure you've chosen the precise coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Locate (XLM) Stellar

As soon as your deposit has been verified, you'll now have access to your assets and you can commence invest and trading. To invest in Stellar (XLM) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

To find Stellar (XLM), you will need to put the short name of the asset (XLM) into the search box, which is marked in the image. Be certain of having selected the proper grouping, we have marked this too. Click on “XLM/BTC” to progress.

Step 4 – Acquisition of Stellar (XLM)

As soon as you have spotted (XLM) Stellar, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). Next we're going to create our own Limit Order.

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

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

Step 5 – Withdraw (XLM) Stellar

Unless you are trading, you should never keepyour coins on an Crypto Trader for an extensive time frame. To take off your (XLM) Stellar, hover over the tab called “Funds” and mouse click on “Withdraw”. Stellar (XLM) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Stellar (XLM) by using the given drop-down box. Put into the volumen of Stellar (XLM) you would like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address.

If you are satisfied, make a mouse click on “Submit”. You may be asked for verfication via email/phone ahead of a take off.

Congrats! You've successfully purchased and safed (XLM) Stellar in New Zealand.

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (depending on network usage). As soon as you have proved your withdrawal using Ethplorer.io or Etherscan.io and the (XLM) Stellar is stored in your wallet, you're done.