A Step-by-Step-Guide on how to buy Stellar (XLM) in Sao Tome And Principe
Step 1 – Signup to Kraken In the beginning you'll need to buy units of the top-tier coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below for registration and receive your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Stellar (XLM) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide) Make sure you've chosen the precise coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Locate Stellar (XLM) Once your deposit has been verified, you will now have access to your funds and you can commence invest and trading. To buy Stellar (XLM) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. To discover (XLM) Stellar, you will need to insert the cointype (XLM) into the search-box, which is marked in the picture. Make sure you have selected the correct grouping, we have highlighted this too. Click on “XLM/BTC” to proceed.
Step 4 – Buying (XLM) Stellar Once you've discovered Stellar (XLM), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we are creating our Limit Order. The field with the “Price” tag will be filled with the most recent valuation Stellar (XLM) was sold for. You can change this to your desired rate. The “Amount” field is the quantity of XLM you want to purchase. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete quantity of XLM. When you're satisfied, make a mouse click on “Buy XLM”. Your plan will be filled as soon as a Vendor trades their XLM for the price you submitted.
Step 5 – Withdraw Stellar (XLM) Unless you're trading, best advise is not to keep your coins on an Crypto Trader for an extensive period of time. In order to take off your Stellar (XLM), go to the tab called “Funds” and click on “Withdraw”. (XLM) Stellar can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Stellar (XLM) by using the given drop-down box. Enter the volumen of (XLM) Stellar you would like to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address. When you are satisfied, click “Submit”. You could be requested for phone/email verification before a withdrawal.