How to Buy Stellar (XLM) in Russia

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

Step 1 – Signup to CEX.io

You will first need to buy units of the top-tier coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and getting your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transfer Your Funds to an Crypto Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Stellar (XLM) is accessible on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Find Stellar (XLM)

As soon as your deposit has been affirmed, you'll instantly have access to your finances and you can initiate buying and trading. To buy (XLM) Stellar on Binance, you will want to hover over the “Exchange” tab and after that mouse 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 graphic. Be certain of having choosen the right grouping, we've marked this also. Click on “XLM/BTC” to continue.

Step 4 – Purchasing (XLM) Stellar

Once you have found Stellar (XLM), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). Next we are creating our Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date valuation Stellar (XLM) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the quantity of XLM you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole amount of XLM.

If you're happy, click on “Buy XLM”. Your plan will be filled when a Seller trades their XLM for the price you submitted.

Step 5 – Withdraw Stellar (XLM)

Unless you are frequently trading, best advise is not to keep coins on an Crypto Trader for an extended time frame. To take off your Stellar (XLM), go to the “Funds” tab and mouse click on “Withdraw”. (XLM) Stellar can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Stellar (XLM) by using the provided drop-down box. Put into the volumen of (XLM) Stellar you would like to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address.

If you're satisfied, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a take off.

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

That's it!

Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you've confirmed your take off using Ethplorer.io or Etherscan.io and the Stellar (XLM) is safe inside your wallet, you are finished.