How to Buy Stellar (XLM) in Saudi Arabia

A Step-by-Step-Guide on how to buy Stellar (XLM) in Saudi Arabia

Step 1 – Join Kraken

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

Kraken Signup
Step 2 – Transfer Your Funds to an Exchange

Your Bitcoin or Ethereum will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Stellar (XLM) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Just follow this how-to)

Make sure you have selected the precise coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).

Binance Signup

Step 3 – Find Stellar (XLM)

Once your deposit has been approved, you will directly have access to your funds and you can start purchasing and trading. To purchase Stellar (XLM) on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”.

To find (XLM) Stellar, you will need to put the short name of the asset (XLM) into the search box, which is highlighted in the picture. Be certain of having selected the right pairing, we have highlighted this too. Click on “XLM/BTC” to go ahead.

Step 4 – Purchase (XLM) Stellar

After you've found (XLM) Stellar, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). And now we're going to make our Limit Order.

The field with the “Price” tag will be filled with the most latest price Stellar (XLM) was sold for. You can change this to your desired price. The field with the “Amount” tag is the amount of XLM you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete amount of XLM.

If you're happy, click on “Buy XLM”. Your order will be filled when a Vender sells their XLM for the price you introduced.

Step 5 – Withdraw (XLM) Stellar

Unless you are regularly trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extended time frame. To take off your (XLM) Stellar, go to the tab called “Funds” and click on “Withdraw”. (XLM) Stellar can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Stellar (XLM) by using the given drop-down box. Drop in the volumen of Stellar (XLM) you'd wish to take off. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address.

When you are happy, click on “Submit”. You could be asked for phone/email verification ahead of a withdrawal.

Congrats! You've successfully bought and stored (XLM) Stellar in Saudi Arabia.

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (depending on network usage). Once you've proved your take off using Etherscan.io or Ethplorer.io and the Stellar (XLM) is stored inside your wallet, you're finished.