How to Buy Stellar (XLM) in Timor-Leste

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

Step 1 – Join Kraken

You'll first need to purchase units of the top-tier coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below to register and to get your first Bitcoin or Ethereum.

Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. 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? (Follow this manual)

Make sure you have chosen the correct coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).

Step 3 – Locate (XLM) Stellar

As soon as your deposit has been verified, you will instantly have access to your assets and you can commence purchasing and trading. To invest in (XLM) Stellar on Binance, you'll want to hover over the “Exchange” tab and after that click on “Basic”.

To find Stellar (XLM), you will need to put the short name of the asset (XLM) into the search-box, which is highlighted in the image. Make sure you have choosen the correct grouping, we have highlighted this too. Click on “XLM/BTC” to proceed.

Step 4 – Acquisition of (XLM) Stellar

After you have located Stellar (XLM), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). For now we are going to create our Limit Order.

The “Price” field will be filled with the most recent valuation Stellar (XLM) was sold for. You can change this to your favoured price. The “Amount” field is the quantity of XLM you like to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the complete volumen of XLM.

If you are satisfied, make a mouse click on “Buy XLM”. Your plan will be filled as soon as a Vendor sells their XLM for the price you gave.

Step 5 – Withdraw Stellar (XLM)

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

Find (XLM) Stellar by using the provided drop-down box. Enter the amount of (XLM) Stellar you would wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your right withdraw address.

When you're happy, click “Submit”. You could be asked for phone/email verification before a take off.

Kudos! You have successfully purchased and safed Stellar (XLM) in Timor-Leste.

That's it!

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