A Step-by-Step-Guide on how to buy Stellar (XLM) in Palau
Step 1 – Signup to Kraken In the beginning you'll need to purchase units of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below for registration and receive your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. 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 Crypto Trader? (Follow this guide) Make sure you've selected the exact coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Locate Stellar (XLM) Once your deposit has been confirmed, you will now have access to your finances and you can initiate purchasing and trading. To purchase (XLM) Stellar on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. In order to find (XLM) Stellar, you'll need to insert the shortname of the coin (XLM) into the search-box, which is highlighted in the image. Be certain of having choosen the proper grouping, we have marked this also. Click on “XLM/BTC” to continue.
Step 4 – Buying (XLM) Stellar After you have spotted Stellar (XLM), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). And now we're creating our own Limit Order. The field with the “Price” tag will be automatically filled with the most recent valuation (XLM) Stellar was traded for. You can change this to your desired price. The “Amount” field is the amount of XLM you like to purchase. The field with the “Total” tag is the whole price in BTC that you will pay for the whole volumen of XLM. When you are satisfied, click on “Buy XLM”. Your plan will be filled as soon as a Vendor sells their XLM for the price you introduced.
Step 5 – Withdraw Stellar (XLM) Unless you are frequently trading, you should never keepyour coins on an Exchange for an longer time frame. In order to withdraw 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. Put into the volumen of Stellar (XLM) you would wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. If you are happy, click on “Submit”. You could be asked for verfication via phone/email before a take off.