A Step-by-Step-Guide on how to buy Stellar (XLM) in Sweden
Step 1 – Signup to Kraken In the beginning you'll need to buy one of the major currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and receive your first Bitcoin or Ethereum.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Stellar (XLM) is accessible on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Follow this how-to) Make sure you've chosen the correct coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find (XLM) Stellar Once your deposit has been verified, you will now have access to your finances and you can initiate buying and trading. To purchase (XLM) Stellar on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. To locate (XLM) Stellar, you will need to insert the cointype (XLM) into the search-box, which is marked in the graphic. Make sure you have selected the correct grouping, we've highlighted this also. Click on “XLM/BTC” to go ahead.
Step 4 – Purchasing (XLM) Stellar After you've spotted Stellar (XLM), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). For now we are making our own Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date tariff Stellar (XLM) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of XLM you like to buy. The “Total” field is the whole price in BTC that you'll pay for the complete volumen of XLM. When you are glad, make a mouse click on “Buy XLM”. Your plan will be filled as soon as a Vendor trades their XLM for the price you introduced.
Step 5 – Withdraw (XLM) Stellar Unless you're regularly trading, never keep your crypto on an Crypto Trader for an longer time period. In order to withdraw your (XLM) Stellar, hover over the “Funds” tab and mouse click on “Withdraw”. (XLM) Stellar can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Stellar (XLM) by using the provided drop-down box. Drop in the volumen of (XLM) Stellar you would like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. When you are glad, make a mouse click on “Submit”. You could be requested for verfication via email/phone ahead of a take off.