How to Buy Stellar (XLM) in Panama

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

Step 1 – Signup to Coinbase and get 10$ for free

You'll first need to purchase one of the bigger currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below to register and to get your welcome 10$.

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

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

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

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).

Step 3 – Find Stellar (XLM)

Once your deposit has been affirmed, you will now have access to your assets and you can commence purchasing and trading. To invest in Stellar (XLM) on Binance, you'll want to go to the “Exchange” tab and after that click on “Basic”.

In order to find Stellar (XLM), you'll need to put the short name of the asset (XLM) into the search-box, which is marked in the image. Be certain of having selected the correct grouping, we've highlighted this also. Click on “XLM/BTC” to progress.

Step 4 – Acquisition of Stellar (XLM)

As soon as you have located (XLM) Stellar, you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). For now we are going to create our Limit Order.

The field with the “Price” tag will be filled automatically with the most latest tariff Stellar (XLM) was sold for. You can change this to your favoured rate. The “Amount” field is the quantity of XLM you want to purchase. The “Total” field is the whole price in BTC that you'll pay for the whole quantity of XLM.

If you're happy, click on “Buy XLM”. Your order will be filled as soon as a Vendor sells their XLM for the price you submitted.

Step 5 – Withdraw Stellar (XLM)

Unless you're trading, best advise is not to keep crypto coins on an Crypto Trader for an longer period of time. To withdraw your Stellar (XLM), hover over the tab called “Funds” and click on “Withdraw”. (XLM) Stellar can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (XLM) Stellar by using the given drop-down box. Drop in the volumen of Stellar (XLM) you would wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address.

When you're happy, click “Submit”. You may be requested for verfication via email/phone ahead of a take off.

Kudos! You've successfully bought and stored Stellar (XLM) in Panama.

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (depending on network usage). Once you've proved your withdrawal with Etherscan.io or Ethplorer.io and the Stellar (XLM) is safe in your wallet, you are done.