A Step-by-Step-Guide on how to buy Stellar (XLM) in Solomon Islands
Step 1 – Join Kraken You will first need to buy units of the major currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below for registration and to get your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Stellar (XLM) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual) Make sure you have chosen the correct coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate (XLM) Stellar As soon as your deposit has been affirmed, you'll immediately have access to your finances and you can launch buying and trading. To buy (XLM) Stellar on Binance, you will want to go to the “Exchange” tab and then mouse click on “Basic”. In order to discover (XLM) Stellar, you'll need to insert the cointype (XLM) into the search-box, which is highlighted in the graphic. Make sure you have choosen the correct pairing, we have highlighted this also. Click on “XLM/BTC” to advance.
Step 4 – Buy Stellar (XLM) Once you've spotted (XLM) Stellar, you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're making our own Limit Order. The “Price” field will be filled with the most recent price (XLM) Stellar was traded for. This can be changed to your desired price. The “Amount” field is the quantity of XLM you want to purchase. The “Total” field is the aggregated price in Bitcoin that you will pay for the whole volumen of XLM. If you are glad, click on “Buy XLM”. Your plan will be filled as soon as a Vender trades their XLM for the price you introduced.
Step 5 – Withdraw Stellar (XLM) Unless you're regularly trading, you should never keepyour crypto coins on an Crypto Exchange for an longer time period. To withdraw your (XLM) Stellar, go to the “Funds” tab and click on “Withdraw”. Stellar (XLM) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (XLM) Stellar by using the provided drop-down box. Enter the volumen of (XLM) Stellar you would like to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. When you're glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a take off.