How to Buy Stellar (XLM) in Svalbard

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

Step 1 – Join Kraken

You will first need to purchase units of the top-tier coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below to register and receive your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Stellar (XLM) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps)

Make sure you have chosen the correct coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. If you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Locate Stellar (XLM)

As soon as your deposit has been confirmed, you'll now have access to your finances and you can start invest and trading. To invest in (XLM) Stellar on Binance, you'll want to hover over the “Exchange” tab and after that mouse click on “Basic”.

To spot (XLM) Stellar, you'll need to put the cointype (XLM) into the search box, which is highlighted in the picture. Be certain of having choosen the right pairing, we've highlighted this also. Click on “XLM/BTC” to progress.

Step 4 – Acquisition of Stellar (XLM)

As soon as you have spotted Stellar (XLM), 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 making our Limit Order.

The field with the “Price” tag will be filled automatically with the latest tariff Stellar (XLM) was traded for. This can be changed to your favoured rate. The “Amount” field is the amount of XLM you wish to purchase. The “Total” field is the whole price in Bitcoin that you'll pay for the complete amount of XLM.

If you're happy, click on “Buy XLM”. Your plan will be filled when a Vender trades their XLM for the price you introduced.

Step 5 – Withdraw Stellar (XLM)

Unless you are trading, best advise is not to keep your coins on an Exchange for an longer time frame. In order to take off your Stellar (XLM), hover over the tab called “Funds” and mouse click on “Withdraw”. Stellar (XLM) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (XLM) Stellar by using the provided drop-down box. Drop in the amount of (XLM) Stellar you would wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address.

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

Congrats! You've successfully bought and stored Stellar (XLM) in Svalbard.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). Once you've confirmed your take off using Etherscan.io or Ethplorer.io and the Stellar (XLM) is safe in your wallet, you're done.
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