A Step-by-Step-Guide on how to buy Stellar (XLM) in Senegal
Step 1 – Signup to Kraken You will first need to buy units of the top-tier currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below for registration and to get your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Funds to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Stellar (XLM) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you've chosen the precise coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. In the case you're using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Locate (XLM) Stellar As soon as your deposit has been confirmed, you'll immediately have access to your funds and you can launch purchasing and trading. To purchase Stellar (XLM) on Binance, you will want to go to the “Exchange” tab and after that click on “Basic”. In order to spot Stellar (XLM), you'll need to insert the shortname of the coin (XLM) into the search-box, which is marked in the picture. Make sure you have choosen the correct pairing, we have highlighted this too. Click on “XLM/BTC” to go on.
Step 4 – Buying (XLM) Stellar Once you've located (XLM) Stellar, you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are going to make our Limit Order. The “Price” field will be automatically filled with the up-to-date rate (XLM) Stellar was traded for. This can be changed to your preferred price. The “Amount” field is the amount of XLM you wish to purchase. The “Total” field is the total price in Bitcoin that you will pay for the whole quantity of XLM. If you are satisfied, click on “Buy XLM”. Your plan will be filled as soon as a Seller sells their XLM for the price you offered.
Step 5 – Withdraw (XLM) Stellar Unless you are frequently trading, never keep your crypto on an Exchange for an extensive time period. To take off your (XLM) Stellar, hover over the tab called “Funds” and mouse click on “Withdraw”. Stellar (XLM) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Stellar (XLM) by using the given drop-down box. Enter the quantity of (XLM) Stellar you'd like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address. If you are glad, click on “Submit”. You may be asked for verfication via phone/email before a take off.