How to Buy Stellar (XLM) in Panama

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

Step 1 – Signup to Kraken

In the beginning you'll need to purchase one of the major currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below to register and getting your welcome BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Send Your Funds to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Stellar (XLM) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow these easy steps)

Make sure you have selected the exact coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Locate (XLM) Stellar

Once your deposit has been confirmed, you'll instantly have access to your funds and you can launch invest and trading. To buy Stellar (XLM) on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”.

In order to spot (XLM) Stellar, you'll need to put the shortname of the coin (XLM) into the search box, which is marked in the image. Be certain of having choosen the proper pairing, we've marked this too. Click on “XLM/BTC” to go on.

Step 4 – Buy (XLM) Stellar

Once you've spotted Stellar (XLM), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we are creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the most latest price Stellar (XLM) was sold for. This can be changed to your desired rate. The “Amount” field is the quantity of XLM you wish to buy. The “Total” field is the total price in Bitcoin that you will pay for the whole quantity of XLM.

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

Step 5 – Withdraw (XLM) Stellar

Unless you are regularly trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an longer time period. In order to withdraw your (XLM) Stellar, hover over the “Funds” tab and mouse click on “Withdraw”. (XLM) Stellar can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you are happy, make a mouse click on “Submit”. You may be requested for email/phone verification before a withdrawal.

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

That's it!

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