How to Buy Stellar (XLM) in Sri Lanka

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy units of the major coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below to register and to get your welcome Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transmit Your Funds to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Stellar (XLM) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide)

Make sure you've selected the precise coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Find Stellar (XLM)

As soon as your deposit has been verified, you'll instantly have access to your assets and you can commence buying and trading. To invest in Stellar (XLM) on Binance, you will want to go to the “Exchange” tab and after that mouse click on “Basic”.

To locate (XLM) Stellar, you'll need to put the shortname of the coin (XLM) into the search-box, which is highlighted in the picture. Make sure you have selected the correct grouping, we have highlighted this also. Click on “XLM/BTC” to go ahead.

Step 4 – Purchasing (XLM) Stellar

As soon as you have located (XLM) Stellar, you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). Next we are going to make our own Limit Order.

The “Price” field will be filled with the latest rate Stellar (XLM) was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of XLM you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole volumen of XLM.

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

Step 5 – Withdraw Stellar (XLM)

Unless you are regularly trading, you should never keepyour crypto coins on an Crypto Exchange for an longer time period. In order to withdraw your (XLM) Stellar, hover over the tab called “Funds” and click on “Withdraw”. Stellar (XLM) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Stellar (XLM) by using the given drop-down box. Drop in the amount of (XLM) Stellar you'd like to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your right withdraw address.

When you are satisfied, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.

Congratulations! You have successfully purchased and safed (XLM) Stellar in Sri Lanka.

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the Stellar (XLM) is safe within your wallet, you're finished.