How to Buy Stellar (XLM) in Somalia

A Step-by-Step-Guide on how to buy Stellar (XLM) in Somalia

Step 1 – Signup to CEX.io

In the beginning you'll need to purchase one of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below to register and getting your welcome BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange

Your Ethereum or Bitcoin has 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. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to)

Make sure you've selected the exact coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Find Stellar (XLM)

Once your deposit has been affirmed, you'll now have access to your finances and you can launch purchasing and trading. To buy Stellar (XLM) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

In order to spot Stellar (XLM), you will need to put the cointype (XLM) into the search-box, which is highlighted in the image. Be certain of having selected the proper grouping, we have highlighted this also. Click on “XLM/BTC” to go ahead.

Step 4 – Buying Stellar (XLM)

Once you've found Stellar (XLM), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are going to make our own Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date price Stellar (XLM) was traded for. You can change this to your favoured price. The “Amount” field is the volumen of XLM you want to purchase. The “Total” field is the aggregated price in BTC that you will settle for the whole volumen of XLM.

When you are satisfied, make a mouse click on “Buy XLM”. Your plan will be filled when a Seller trades their XLM for the price you submitted.

Step 5 – Withdraw Stellar (XLM)

Unless you're regularly trading, never keep your crypto on an Crypto Trader for an extensive time period. In order to withdraw your Stellar (XLM), hover over the “Funds” tab and click on “Withdraw”. (XLM) Stellar can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (XLM) Stellar by using the given drop-down box. Put into the amount of Stellar (XLM) you'd wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address.

If you're happy, click “Submit”. You could be requested for phone/email verification ahead of a take off.

Kudos! You've successfully bought and stored Stellar (XLM) in Somalia.

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you've proved your take off with Ethplorer.io or Etherscan.io and the (XLM) Stellar is safe inside your wallet, you are finished.