How to Buy Stellar (XLM) in Rwanda

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

Step 1 – Join Kraken

You will first need to purchase one of the major currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below to register and receive your first ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader

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

Make sure you've chosen the exact coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).

Step 3 – Locate Stellar (XLM)

Once your deposit has been approved, you will instantly have access to your finances and you can begin purchasing and trading. To purchase (XLM) Stellar on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”.

In order to discover (XLM) Stellar, you will need to put the shortname of the coin (XLM) into the search box, which is highlighted in the graphic. Be certain of having choosen the correct pairing, we have highlighted this too. Click on “XLM/BTC” to proceed.

Step 4 – Acquisition of Stellar (XLM)

After you have located Stellar (XLM), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). Next we're making our own Limit Order.

The field with the “Price” tag will be automatically filled with the most latest valuation (XLM) Stellar was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of XLM you like to purchase. The “Total” field is the aggregated price in BTC that you'll pay for the complete volumen of XLM.

When you are satisfied, click on “Buy XLM”. Your plan will be filled when a Vender trades their XLM for the price you gave.

Step 5 – Withdraw (XLM) Stellar

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

Locate Stellar (XLM) by using the given drop-down box. Put into the amount of (XLM) Stellar you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your correct withdraw address.

If you're satisfied, click “Submit”. You could be asked for verfication via email/phone before a take off.

Kudos! You have successfully bought and stored Stellar (XLM) in Rwanda.

That's it!

Withdrawals from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you've proved your withdrawal with Ethplorer.io or Etherscan.io and the (XLM) Stellar is stored inside your wallet, you're finished.