How to Buy Stellar (XLM) in Saint Martin

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

Step 1 – Join Kraken

You'll first need to buy one of the bigger currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your welcome BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Stellar (XLM) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide)

Make sure you have selected the correct coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Find (XLM) Stellar

Once your deposit has been affirmed, you will now have access to your finances and you can commence invest and trading. To invest in (XLM) Stellar on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”.

To spot Stellar (XLM), you will need to insert the shortname of the coin (XLM) into the search box, which is highlighted in the picture. Be certain of having selected the right grouping, we have highlighted this too. Click on “XLM/BTC” to advance.

Step 4 – Acquisition of Stellar (XLM)

After you have located Stellar (XLM), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). Next we're going to make our own Limit Order.

The field with the “Price” tag will be filled with the most up-to-date price (XLM) Stellar was traded for. This can be changed to your desired rate. The “Amount” field is the quantity of XLM you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete quantity of XLM.

When you are glad, click on “Buy XLM”. Your plan will be filled as soon as a Seller trades their XLM for the price you gave.

Step 5 – Withdraw Stellar (XLM)

Unless you're frequently trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an longer time period. To withdraw your Stellar (XLM), hover over the “Funds” tab and click on “Withdraw”. (XLM) Stellar can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (XLM) Stellar by using the given drop-down box. Put into the volumen of Stellar (XLM) you'd wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your right withdraw address.

When you're glad, click “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.

Congratulations! You have successfully purchased and stored (XLM) Stellar in Saint Martin.

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you've proved your take off using Etherscan.io or Ethplorer.io and the (XLM) Stellar is stored in your wallet, you are done.