How to Buy Stellar (XLM) in Philippines

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

Step 1 – Signup to Kraken

You'll first need to purchase one of the major coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your welcome Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transfer Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Stellar (XLM) is available on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to)

Make sure you have selected the correct coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Find Stellar (XLM)

As soon as your deposit has been confirmed, you will instantly have access to your finances and you can start purchasing and trading. To purchase Stellar (XLM) on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”.

To spot (XLM) Stellar, you'll need to put the cointype (XLM) into the search-box, which is marked in the graphic. Make sure you have choosen the correct pairing, we've marked this too. Click on “XLM/BTC” to proceed.

Step 4 – Acquisition of (XLM) Stellar

Once you've discovered Stellar (XLM), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). And now we are making our own Limit Order.

The field with the “Price” tag will be filled with the recent rate (XLM) Stellar was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of XLM you want to purchase. The field with the “Total” tag is the whole price in BTC that you will settle for the complete volumen of XLM.

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

Step 5 – Withdraw Stellar (XLM)

Unless you are trading, you should never keepyour coins on an Crypto Exchange for an extensive period of time. To withdraw your Stellar (XLM), go to the tab called “Funds” and click on “Withdraw”. Stellar (XLM) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (XLM) Stellar by using the provided drop-down box. Put into the volumen of Stellar (XLM) you'd like to take off. Take into account the displayed fees/minimums. Also make sure you have filled your correct withdraw address.

If you are happy, click on “Submit”. You could be asked for phone/email verification ahead of a take off.

Congratulations! You have successfully bought and stored Stellar (XLM) in Philippines.

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (rely on network usage). As soon as you've proved your take off with Etherscan.io or Ethplorer.io and the Stellar (XLM) is stored inside your wallet, you are done.