A Step-by-Step-Guide on how to buy Stellar (XLM) in Reunion
Step 1 – Join CEX.io You will first need to buy units of the major coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and to get your first Bitcoin or Ethereum.
Step 2 – Transmit Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. 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 Exchange? (Just follow this guide) Make sure you have chosen the right coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Locate (XLM) Stellar As soon as your deposit has been affirmed, you'll instantly have access to your funds and you can initiate purchasing and trading. To buy (XLM) Stellar on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to locate (XLM) Stellar, you'll need to insert the short name of the asset (XLM) into the search box, which is highlighted in the image. Be certain of having choosen the right grouping, we've marked this also. Click on “XLM/BTC” to go on.
Step 4 – Purchase (XLM) Stellar Once you've located (XLM) Stellar, you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). For now we're going to create our Limit Order. The field with the “Price” tag will be filled with the most latest tariff (XLM) Stellar was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of XLM you want to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the whole amount of XLM. If you are glad, click on “Buy XLM”. Your plan will be filled when a Vendor trades their XLM for the price you gave.
Step 5 – Withdraw (XLM) Stellar Unless you are frequently trading, best advise is not to keep your crypto on an Crypto Trader for an longer time frame. In order to withdraw your (XLM) Stellar, hover over the tab called “Funds” and mouse click on “Withdraw”. Stellar (XLM) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XLM) Stellar by using the provided drop-down box. Drop in the volumen of (XLM) Stellar you'd wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. When you're glad, click “Submit”. You could be requested for email/phone verification before a withdrawal.