A Step-by-Step-Guide on how to buy Stellar (XLM) in Switzerland
Step 1 – Join Kraken You'll first need to purchase units of the top-tier currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and to get your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Stellar (XLM) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to) Make sure you've selected the right coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. If you are using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Find Stellar (XLM) As soon as your deposit has been verified, you'll instantly have access to your funds and you can launch buying and trading. To invest in Stellar (XLM) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to locate (XLM) Stellar, you will need to insert the short name of the asset (XLM) into the search-box, which is marked in the picture. Be certain of having choosen the proper grouping, we have highlighted this too. Click on “XLM/BTC” to proceed.
Step 4 – Acquisition of (XLM) Stellar Once you have located (XLM) Stellar, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). And now we're going to create our own Limit Order. The “Price” field will be filled automatically with the most latest rate Stellar (XLM) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of XLM you like to purchase. The “Total” field is the whole price in BTC that you will pay for the whole quantity of XLM. When you are glad, click on “Buy XLM”. Your order will be filled when a Vendor trades their XLM for the price you submitted.
Step 5 – Withdraw Stellar (XLM) Unless you are frequently trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an longer time frame. To withdraw your (XLM) Stellar, go to the “Funds” tab and click on “Withdraw”. Stellar (XLM) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Stellar (XLM) by using the provided drop-down box. Enter the quantity of (XLM) Stellar you would wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your precise withdraw address. When you are glad, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.