A Step-by-Step-Guide on how to buy Stellar (XLM) in Sint Maarten
Step 1 – Signup to Kraken You will first need to buy one of the bigger currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below for registration and getting your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Funds to an Exchange Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Stellar (XLM) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this how-to) Make sure you have selected the correct coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Locate Stellar (XLM) Once your deposit has been verified, you will now have access to your funds and you can begin invest and trading. To invest in Stellar (XLM) on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”. To spot Stellar (XLM), you will need to insert the short name of the asset (XLM) into the search-box, which is marked in the image. Make sure you have selected the proper grouping, we've marked this too. Click on “XLM/BTC” to continue.
Step 4 – Purchasing (XLM) Stellar As soon as you have spotted Stellar (XLM), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're making our own Limit Order. The field with the “Price” tag will be automatically filled with the most recent tariff (XLM) Stellar was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of XLM you like to purchase. The “Total” field is the total price in BTC that you'll settle for the whole amount of XLM. If you are glad, click on “Buy XLM”. Your plan will be filled as soon as a Vendor trades their XLM for the price you submitted.
Step 5 – Withdraw (XLM) Stellar Unless you're trading, never keep your coins on an Cryptocurrency Exchange for an extensive time frame. To take off your Stellar (XLM), go to the tab called “Funds” and mouse click on “Withdraw”. (XLM) Stellar can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Stellar (XLM) by using the provided drop-down box. Enter the quantity of Stellar (XLM) you'd wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address. When you're happy, click “Submit”. You may be asked for email/phone verification before a take off.