A Step-by-Step-Guide on how to buy Stellar (XLM) in Paraguay
Step 1 – Signup to CEX.io In the beginning you'll need to buy one of the top-tier coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below for registration and getting your welcome Ethereum or Bitcoin.
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) 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 will use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you have selected the precise coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Locate Stellar (XLM) Once your deposit has been approved, you will instantly have access to your finances and you can commence buying and trading. To buy (XLM) Stellar on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”. In order to discover (XLM) Stellar, you'll need to put the short name of the asset (XLM) into the search-box, which is highlighted in the picture. Make sure you have choosen the proper grouping, we've highlighted this also. Click on “XLM/BTC” to go on.
Step 4 – Buying Stellar (XLM) As soon as you've located Stellar (XLM), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). And now we're creating our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest tariff (XLM) Stellar was traded for. You can change this to your desired rate. The “Amount” field is the amount of XLM you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete volumen of XLM. When you're happy, click on “Buy XLM”. Your order will be filled as soon as a Vender trades their XLM for the price you submitted.
Step 5 – Withdraw (XLM) Stellar Unless you're frequently trading, you should never keepyour crypto on an Crypto Trader for an extended time frame. To take off your (XLM) Stellar, go to the “Funds” tab and click on “Withdraw”. (XLM) Stellar can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Stellar (XLM) by using the provided drop-down box. Drop in the quantity of Stellar (XLM) you would wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address. When you're glad, make a mouse click on “Submit”. You may be requested for verfication via phone/email before a take off.