A Step-by-Step-Guide on how to buy Stellar (XLM) in Seychelles
Step 1 – Signup to Kraken You'll first need to buy one of the bigger currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below for registration and to get your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has 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 Crypto Trader? (Follow this guide) Make sure you have chosen the exact coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Find Stellar (XLM) Once your deposit has been verified, you will instantly have access to your assets and you can initiate buying and trading. To purchase Stellar (XLM) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To spot Stellar (XLM), you will need to put the short name of the asset (XLM) into the search-box, which is highlighted in the picture. Make sure you have selected the proper grouping, we've marked this also. Click on “XLM/BTC” to progress.
Step 4 – Acquisition of (XLM) Stellar Once you've discovered (XLM) Stellar, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). For now we're going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the up-to-date rate (XLM) Stellar was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of XLM you want to buy. The “Total” field is the aggregated price in BTC that you will settle for the whole amount of XLM. When you're satisfied, click on “Buy XLM”. Your order will be filled as soon as a Vendor trades their XLM for the price you introduced.
Step 5 – Withdraw Stellar (XLM) Unless you are regularly trading, best advise is not to keep your crypto on an Exchange for an longer time period. To withdraw your (XLM) Stellar, hover over the tab called “Funds” and click on “Withdraw”. Stellar (XLM) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Stellar (XLM) by using the provided drop-down box. Enter the quantity of (XLM) Stellar you'd wish to take off. Take into account the presented fees/minimums. Also make sure you have filled your precise withdraw address. When you're happy, make a mouse click on “Submit”. You could be requested for email/phone verification ahead of a take off.