A Step-by-Step-Guide on how to buy Stellar (XLM) in Saint Helena
Step 1 – Signup to Coinbase – Get Free $10 You'll first need to purchase units of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below for registration and to get your first 10 Dollar.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Stellar (XLM) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you've selected the right coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. If 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 directly have access to your funds and you can launch purchasing and trading. To purchase Stellar (XLM) on Binance, you'll want to hover over the “Exchange” tab and then click on “Basic”. To find (XLM) Stellar, you'll need to insert the short name of the asset (XLM) into the search-box, which is highlighted in the picture. Make sure you have selected the proper grouping, we have highlighted this too. Click on “XLM/BTC” to go ahead.
Step 4 – Buy Stellar (XLM) After you have found Stellar (XLM), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are making our Limit Order. The “Price” field will be filled with the most recent rate Stellar (XLM) was sold for. This can be changed to your desired price. The “Amount” field is the volumen of XLM you like to buy. The field with the “Total” tag is the whole price in BTC that you will settle for the complete quantity of XLM. If you are satisfied, click on “Buy XLM”. Your order will be filled as soon as a Vendor sells their XLM for the price you introduced.
Step 5 – Withdraw (XLM) Stellar Unless you're regularly trading, best advise is not to keep your crypto on an Crypto Exchange for an longer time period. To take off your Stellar (XLM), go to the “Funds” tab and click on “Withdraw”. (XLM) Stellar can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Stellar (XLM) by using the provided drop-down box. Enter the amount of Stellar (XLM) you would wish to take off. Take into account the displayed minimus/fees. Also make sure you have filled your precise withdraw address. When you are happy, click “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.