How to Buy Stellar (XLM) in Nicaragua

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

Step 1 – Join Kraken

You will first need to buy one of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below to register and receive your first BTC (Bitcoin) or ETH (Ethereum).

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

Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Stellar (XLM) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. If you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Find (XLM) Stellar

Once your deposit has been confirmed, you'll instantly have access to your assets and you can initiate buying and trading. To purchase (XLM) Stellar on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

In order to locate Stellar (XLM), you'll need to put the short name of the asset (XLM) into the search box, which is marked in the picture. Make sure you have selected the proper pairing, we have marked this too. Click on “XLM/BTC” to advance.

Step 4 – Purchase (XLM) Stellar

Once you have found Stellar (XLM), you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). For now we're creating our Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date valuation Stellar (XLM) was traded for. This can be changed to your favoured rate. The “Amount” field is the volumen of XLM you wish to buy. The “Total” field is the total price in BTC that you will pay for the whole amount of XLM.

When you are glad, click on “Buy XLM”. Your plan will be filled as soon as a Vender trades their XLM for the price you offered.

Step 5 – Withdraw Stellar (XLM)

Unless you are trading, never keep your crypto on an Exchange for an longer time frame. In order to withdraw your Stellar (XLM), hover over the tab called “Funds” and mouse click on “Withdraw”. (XLM) Stellar can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (XLM) Stellar by using the given drop-down box. Put into the quantity of (XLM) Stellar you'd like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address.

If you are glad, click on “Submit”. You could be requested for verfication via phone/email before a withdrawal.

Congrats! You have successfully purchased and stored Stellar (XLM) in Nicaragua.

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (rely on usage of the network). As soon as you have proved your take off with Ethplorer.io or Etherscan.io and the Stellar (XLM) is stored inside your wallet, you are finished.