A Step-by-Step-Guide on how to buy Stellar (XLM) in Pitcairn Islands
Step 1 – Join Kraken You'll first need to purchase one of the top-tier currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Stellar (XLM) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you have selected the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate Stellar (XLM) Once your deposit has been affirmed, you'll now have access to your finances and you can begin buying and trading. To buy (XLM) Stellar on Binance, you will want to go to the “Exchange” tab and then mouse click on “Basic”. To spot Stellar (XLM), you'll need to insert the short name of the asset (XLM) into the search box, which is marked in the picture. Be certain of having choosen the right pairing, we have highlighted this too. Click on “XLM/BTC” to progress.
Step 4 – Buying Stellar (XLM) Once you've discovered Stellar (XLM), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). Next we are going to make our Limit Order. The “Price” field will be filled automatically with the up-to-date valuation Stellar (XLM) was traded for. You can change this to your desired price. The field with the “Amount” tag is the amount of XLM you wish to buy. The “Total” field is the aggregated price in Bitcoin that you will pay for the whole quantity of XLM. When you're satisfied, make a mouse click on “Buy XLM”. Your plan will be filled when a Seller trades their XLM for the price you gave.
Step 5 – Withdraw Stellar (XLM) Unless you're regularly trading, best advise is not to keep your crypto on an Exchange for an extensive time period. To withdraw your (XLM) Stellar, hover over the tab called “Funds” and mouse click on “Withdraw”. Stellar (XLM) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (XLM) Stellar by using the given drop-down box. Enter the amount of (XLM) Stellar you would wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address. When you are satisfied, make a mouse click on “Submit”. You could be asked for email/phone verification ahead of a withdrawal.