A Step-by-Step-Guide on how to buy Stellar (XLM) in Saint Kitts And Nevis
Step 1 – Signup to Kraken In the beginning you'll need to buy one of the bigger currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and to get your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Funds to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Stellar (XLM) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide) Make sure you have chosen the right coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate Stellar (XLM) As soon as your deposit has been affirmed, you'll immediately have access to your assets and you can initiate purchasing and trading. To purchase (XLM) Stellar on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to spot (XLM) Stellar, you will need to put the short name of the asset (XLM) into the search box, which is marked in the picture. Make sure you have choosen the proper pairing, we've highlighted this too. Click on “XLM/BTC” to progress.
Step 4 – Purchasing (XLM) Stellar Once you've located Stellar (XLM), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we're going to create our Limit Order. The “Price” field will be automatically filled with the most recent valuation (XLM) Stellar was sold for. This can be changed to your preferred rate. The “Amount” field is the amount of XLM you wish to buy. The “Total” field is the aggregated price in BTC that you'll pay for the complete amount of XLM. If you are satisfied, click on “Buy XLM”. Your plan will be filled when a Vender trades their XLM for the price you submitted.
Step 5 – Withdraw (XLM) Stellar Unless you are trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extended time period. To withdraw your (XLM) Stellar, go to the “Funds” tab and mouse click on “Withdraw”. Stellar (XLM) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Stellar (XLM) by using the provided drop-down box. Enter the volumen of (XLM) Stellar you would like to take off. Don't forget the presented fees/minimums. Also make sure you have entered your precise withdraw address. When you're happy, make a mouse click on “Submit”. You could be asked for phone/email verification before a take off.