A Step-by-Step-Guide on how to buy Stellar (XLM) in Slovakia
Step 1 – Signup to Kraken You will first need to buy one of the top-tier currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below for registration and getting your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Stellar (XLM) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you have selected the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Locate (XLM) Stellar As soon as your deposit has been verified, you'll instantly have access to your assets and you can initiate invest and trading. To purchase Stellar (XLM) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. To find Stellar (XLM), you will need to insert the shortname of the coin (XLM) into the search box, which is highlighted in the picture. Make sure you have choosen the right pairing, we have marked this too. Click on “XLM/BTC” to go on.
Step 4 – Purchase (XLM) Stellar As soon as you've found (XLM) Stellar, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). Next we're making our own Limit Order. The field with the “Price” tag will be automatically filled with the up-to-date rate (XLM) Stellar was sold for. This can be changed to your favoured rate. The “Amount” field is the amount of XLM you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the complete quantity of XLM. When you're happy, make a mouse click on “Buy XLM”. Your order will be filled when a Vendor sells their XLM for the price you introduced.
Step 5 – Withdraw (XLM) Stellar Unless you're frequently trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extended time frame. In order to take off your Stellar (XLM), go to the tab called “Funds” and click on “Withdraw”. (XLM) Stellar can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (XLM) Stellar by using the provided drop-down box. Enter the volumen of (XLM) Stellar you would like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. If you are satisfied, click “Submit”. You may be requested for phone/email verification ahead of a withdrawal.