How to Buy Stellar (XLM) in South Africa

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

Step 1 – Signup to Kraken

You'll first need to buy units of the top-tier currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below to register and to get your welcome Ethereum or Bitcoin.

Step 2 – Transmit Your Funds to an Crypto Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need 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 illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual)

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

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Find (XLM) Stellar

Once your deposit has been confirmed, you'll directly have access to your assets and you can initiate invest and trading. To buy Stellar (XLM) on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”.

To discover (XLM) Stellar, you will need to insert the shortname of the coin (XLM) into the search-box, which is highlighted in the graphic. Be certain of having choosen the correct grouping, we have highlighted this also. Click on “XLM/BTC” to go ahead.

Step 4 – Purchasing Stellar (XLM)

As soon as you have found (XLM) Stellar, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). And now we are making our Limit Order.

The “Price” field will be filled with the latest valuation (XLM) Stellar was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of XLM you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete volumen of XLM.

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

Step 5 – Withdraw Stellar (XLM)

Unless you're regularly trading, best advise is not to keep coins on an Exchange for an extended period of time. In order to take off your Stellar (XLM), hover over the tab called “Funds” and mouse 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. Drop in the volumen of Stellar (XLM) you'd like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address.

If you're happy, click on “Submit”. You could be requested for phone/email verification before a withdrawal.

Kudos! You have successfully purchased and stored Stellar (XLM) in South Africa.

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (rely on network usage). Once you've proved your take off using Ethplorer.io or Etherscan.io and the Stellar (XLM) is stored within your wallet, you're finished.
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