How to Buy Stellar (XLM) in Oman

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

Step 1 – Join Kraken

In the beginning you'll need to buy one of the major currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and receive your first ETH (Ethereum) or BTC (Bitcoin).

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

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

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Locate Stellar (XLM)

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

To discover Stellar (XLM), you will need to insert the short name of the asset (XLM) into the search-box, which is highlighted in the graphic. Be certain of having selected the right pairing, we've marked this also. Click on “XLM/BTC” to go ahead.

Step 4 – Purchase (XLM) Stellar

After you have located Stellar (XLM), you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the recent tariff Stellar (XLM) was traded for. You can change this to your desired rate. The “Amount” field is the amount of XLM you wish to purchase. The “Total” field is the total price in Bitcoin that you will pay for the complete volumen of XLM.

If you're glad, make a mouse click on “Buy XLM”. Your plan will be filled when a Vendor sells their XLM for the price you introduced.

Step 5 – Withdraw (XLM) Stellar

Unless you are regularly trading, you should never keepyour crypto on an Exchange for an extensive time frame. In order 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 example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (XLM) Stellar by using the provided drop-down box. Drop in the amount of (XLM) Stellar you'd like to take off. Take into account the displayed minimus/fees. Also make sure you have filled your right withdraw address.

If you're satisfied, click “Submit”. You may be asked for email/phone verification ahead of a take off.

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

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you've proved your take off with Etherscan.io or Ethplorer.io and the Stellar (XLM) is safe in your wallet, you're finished.