A Step-by-Step-Guide on how to buy Stellar (XLM) in Singapore
Step 1 – Signup to Kraken You will first need to buy one of the bigger coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below for registration and receive your welcome Bitcoin or Ethereum.
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader 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 available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this guide) Make sure you have chosen the right coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find (XLM) Stellar Once your deposit has been affirmed, you'll now have access to your assets and you can launch invest and trading. To buy (XLM) Stellar on Binance, you will want to go to the “Exchange” tab and mouse click on “Basic”. To locate Stellar (XLM), you'll need to insert the short name of the asset (XLM) into the search box, which is marked in the picture. Make sure you have choosen the right grouping, we've marked this too. Click on “XLM/BTC” to proceed.
Step 4 – Purchase (XLM) Stellar After you've located (XLM) Stellar, you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). And now we are going to make our Limit Order. The field with the “Price” tag will be filled with the recent tariff (XLM) Stellar was sold for. You can change this to your favoured price. The field with the “Amount” tag is the volumen of XLM you like to buy. The “Total” field is the aggregated price in BTC that you will settle for the complete quantity of XLM. When you are glad, make a mouse click on “Buy XLM”. Your order will be filled as soon as a Vender trades their XLM for the price you introduced.
Step 5 – Withdraw Stellar (XLM) Unless you are trading, best advise is not to keep coins on an Crypto Trader for an extensive time period. In order to take off your (XLM) Stellar, hover over the “Funds” tab and click on “Withdraw”. (XLM) Stellar can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XLM) Stellar by using the given drop-down box. Enter the volumen of (XLM) Stellar you'd wish to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address. If you're happy, make a mouse click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.