How to Buy Stellar (XLM) in Tanzania

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

Step 1 – Signup to CEX.io

You will first need to purchase units of the major coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below for registration and to get your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Send Your Funds to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Stellar (XLM) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this manual)

Make sure you've selected the exact coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).

Step 3 – Find Stellar (XLM)

Once your deposit has been approved, you will directly have access to your funds and you can start purchasing and trading. To purchase Stellar (XLM) on Binance, you'll want to hover over the “Exchange” tab and after that click on “Basic”.

To discover (XLM) Stellar, you'll need to put the cointype (XLM) into the search-box, which is highlighted in the picture. Make sure you have selected the right pairing, we have highlighted this also. Click on “XLM/BTC” to go on.

Step 4 – Acquisition of (XLM) Stellar

After you've found Stellar (XLM), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). And now we're making our Limit Order.

The field with the “Price” tag will be automatically filled with the most recent price (XLM) Stellar was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of XLM you want to purchase. The “Total” field is the aggregated price in Bitcoin that you will settle for the complete quantity of XLM.

If you are happy, make a mouse click on “Buy XLM”. Your order will be filled as soon as a Vendor trades their XLM for the price you offered.

Step 5 – Withdraw (XLM) Stellar

Unless you are frequently trading, never keep your crypto coins on an Crypto Trader for an extended time frame. To withdraw your (XLM) Stellar, hover over the tab called “Funds” and mouse click on “Withdraw”. Stellar (XLM) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (XLM) Stellar by using the given drop-down box. Drop in the volumen of Stellar (XLM) you would wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your precise withdraw address.

When you are glad, click on “Submit”. You could be asked for email/phone verification before a take off.

Congrats! You've successfully purchased and safed (XLM) Stellar in Tanzania.

That's it!

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