A Step-by-Step-Guide on how to buy Stellar (XLM) in Niue
Step 1 – Signup to Kraken You'll first need to buy units of the bigger coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below for registration and receive your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange Your Bitcoin or Ethereum will need to be sent over to an 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 example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow these easy steps) Make sure you've selected the exact coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Find Stellar (XLM) As soon as your deposit has been affirmed, you will instantly have access to your finances and you can initiate buying and trading. To purchase Stellar (XLM) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. To locate (XLM) Stellar, you'll need to put the shortname of the coin (XLM) into the search box, which is highlighted in the graphic. Be certain of having selected the proper pairing, we've marked this also. Click on “XLM/BTC” to progress.
Step 4 – Buy Stellar (XLM) Once you have located (XLM) Stellar, you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). For now we are going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the up-to-date rate Stellar (XLM) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of XLM you like to purchase. The “Total” field is the whole price in BTC that you will pay for the whole amount of XLM. If you're glad, click on “Buy XLM”. Your plan will be filled when a Seller sells their XLM for the price you gave.
Step 5 – Withdraw Stellar (XLM) Unless you're trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extensive period of time. In order to withdraw your Stellar (XLM), hover over the “Funds” tab and mouse click on “Withdraw”. Stellar (XLM) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (XLM) Stellar by using the provided drop-down box. Put into the volumen of (XLM) Stellar you'd wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your right withdraw address. When you're happy, click on “Submit”. You may be requested for email/phone verification before a withdrawal.