How to Buy Stellar (XLM) in Norfolk Island

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

Step 1 – Join Kraken

In the beginning you'll need to buy units of the major coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below to register and getting your welcome BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. 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 Exchange? (Just follow this manual)

Make sure you have selected the exact coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. If you're using a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Find Stellar (XLM)

Once your deposit has been verified, you will now have access to your finances and you can launch invest and trading. To buy (XLM) Stellar on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”.

In order to find Stellar (XLM), you'll need to put the cointype (XLM) into the search-box, which is marked in the picture. Make sure you have choosen the right grouping, we've marked this too. Click on “XLM/BTC” to progress.

Step 4 – Acquisition of Stellar (XLM)

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

The field with the “Price” tag will be filled automatically with the recent tariff Stellar (XLM) was traded for. This can be changed to your favoured price. The “Amount” field is the quantity of XLM you wish to buy. The field with the “Total” tag is the whole price in BTC that you will settle for the whole volumen of XLM.

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

Step 5 – Withdraw (XLM) Stellar

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

Find (XLM) Stellar by using the given drop-down box. Drop in the quantity of (XLM) Stellar you would like to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

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

Congratulations! You've successfully purchased and stored (XLM) Stellar in Norfolk Island.

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you have confirmed your take off using Ethplorer.io or Etherscan.io and the (XLM) Stellar is stored in your wallet, you're finished.