How to Buy Stellar (XLM) in Papua New Guinea

A Step-by-Step-Guide on how to buy Stellar (XLM) in Papua New Guinea

Step 1 – Join Kraken

You'll first need to purchase units of the major currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below for registration and getting your first Bitcoin or Ethereum.

Step 2 – Transmit Your Funds to an Crypto Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Stellar (XLM) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps)

Make sure you've chosen the right coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Locate Stellar (XLM)

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

To spot Stellar (XLM), you'll need to insert the cointype (XLM) into the search-box, which is marked in the image. Make sure you have selected the proper pairing, we've marked this too. Click on “XLM/BTC” to go on.

Step 4 – Purchasing (XLM) Stellar

After you've found Stellar (XLM), you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). And now we are going to make our own Limit Order.

The field with the “Price” tag will be filled with the most up-to-date price (XLM) Stellar was traded for. You can change this to your preferred rate. The “Amount” field is the amount of XLM you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the whole quantity of XLM.

When you're happy, make a mouse click on “Buy XLM”. Your order will be filled when a Vendor trades their XLM for the price you gave.

Step 5 – Withdraw Stellar (XLM)

Unless you are trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an longer period of time. In order to withdraw your Stellar (XLM), hover over the tab called “Funds” 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 amount of (XLM) Stellar you'd like to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your precise withdraw address.

When you are satisfied, make a mouse click on “Submit”. You may be asked for verfication via email/phone before a withdrawal.

Congratulations! You have successfully bought and stored (XLM) Stellar in Papua New Guinea.

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you have proved your withdrawal using Etherscan.io or Ethplorer.io and the (XLM) Stellar is stored inside your wallet, you are finished.