A Step-by-Step-Guide on how to buy Stellar (XLM) in Saint Helena
Step 1 – Join Kraken In the beginning you'll need to buy one of the bigger coins. Exchanges usually 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 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Stellar (XLM) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual) Make sure you have selected the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Find Stellar (XLM) As soon as your deposit has been confirmed, you'll instantly have access to your funds and you can initiate purchasing and trading. To purchase Stellar (XLM) on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”. In order to spot Stellar (XLM), you will need to insert the cointype (XLM) into the search box, which is marked in the graphic. Be certain of having selected the proper pairing, we've highlighted this too. Click on “XLM/BTC” to proceed.
Step 4 – Acquisition of Stellar (XLM) Once you've discovered Stellar (XLM), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). For now we're creating our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent rate (XLM) Stellar was sold for. You can change this to your preferred rate. The “Amount” field is the quantity of XLM you wish to buy. The “Total” field is the whole price in Bitcoin that you will pay for the whole volumen of XLM. When you are satisfied, click on “Buy XLM”. Your plan will be filled as soon as a Vendor trades their XLM for the price you offered.
Step 5 – Withdraw (XLM) Stellar Unless you're regularly trading, you should never keepyour coins on an Crypto Trader for an extended period of time. In order to withdraw your (XLM) Stellar, go to the “Funds” tab and mouse click on “Withdraw”. (XLM) Stellar can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (XLM) Stellar by using the provided drop-down box. Drop in the volumen of (XLM) Stellar you would wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. If you are happy, click “Submit”. You could be asked for verfication via phone/email before a withdrawal.