How to Buy Stellar (XLM) in Taiwan

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

Step 1 – Join Kraken

In the beginning you'll need to buy units of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below to register and to get your welcome Ethereum (ETH) or Bitcoin (BTC).

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Stellar (XLM) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to)

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

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Find Stellar (XLM)

As soon as your deposit has been verified, you will directly have access to your funds and you can initiate purchasing and trading. To invest in Stellar (XLM) on Binance, you'll want to hover over the “Exchange” tab and after that 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 highlighted in the image. Be certain of having selected the correct grouping, we have highlighted this also. Click on “XLM/BTC” to go ahead.

Step 4 – Buying (XLM) Stellar

Once you have located Stellar (XLM), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). And now we are going to create our own Limit Order.

The “Price” field will be filled with the most up-to-date valuation Stellar (XLM) was traded for. You can change this to your favoured rate. The “Amount” field is the amount of XLM you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole volumen of XLM.

If you are glad, click on “Buy XLM”. Your order will be filled as soon as a Seller trades their XLM for the price you introduced.

Step 5 – Withdraw (XLM) Stellar

Unless you are frequently trading, never keep your crypto coins on an Exchange for an extended time frame. In order to take off your Stellar (XLM), hover over the tab called “Funds” and mouse click on “Withdraw”. (XLM) Stellar can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Stellar (XLM) by using the provided drop-down box. Put into the volumen of Stellar (XLM) you'd like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your right withdraw address.

If you're satisfied, click on “Submit”. You could be requested for verfication via email/phone before a take off.

Congratulations! You have successfully purchased and stored Stellar (XLM) in Taiwan.

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your take off with Etherscan.io or Ethplorer.io and the Stellar (XLM) is safe inside your wallet, you're done.