A Step-by-Step-Guide on how to buy Stellar (XLM) in Sierra Leone
Step 1 – Signup to Kraken You will first need to buy units of the major currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below to register and to get your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Stellar (XLM) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Just follow this how-to) Make sure you've selected the right coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Find Stellar (XLM) As soon as your deposit has been confirmed, you will immediately have access to your finances and you can launch buying and trading. To purchase (XLM) Stellar on Binance, you will want to go to the “Exchange” tab and mouse click on “Basic”. In order to find (XLM) Stellar, you will need to put the short name of the asset (XLM) into the search box, which is marked in the graphic. Make sure you have selected the proper grouping, we've marked this also. Click on “XLM/BTC” to proceed.
Step 4 – Purchase Stellar (XLM) Once you've located Stellar (XLM), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we are going to create our Limit Order. The “Price” field will be filled automatically with the most recent price Stellar (XLM) was sold for. This can be changed to your desired price. The “Amount” field is the quantity of XLM you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the whole volumen of XLM. When you are satisfied, click on “Buy XLM”. Your plan will be filled when a Seller sells their XLM for the price you submitted.
Step 5 – Withdraw (XLM) Stellar Unless you are trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extended time frame. To withdraw your (XLM) Stellar, hover over the “Funds” tab and click on “Withdraw”. Stellar (XLM) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XLM) Stellar by using the given drop-down box. Drop in the amount of (XLM) Stellar you'd wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. If you're glad, click on “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.