A Step-by-Step-Guide on how to buy Stellar (XLM) in Togo
Step 1 – Signup to Kraken In the beginning you'll need to buy units of the top-tier currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below to register and getting your first Bitcoin or Ethereum.
Step 2 – Send Your Ethereum or Bitcoin to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Stellar (XLM) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Just follow this how-to) Make sure you've selected the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Locate (XLM) Stellar Once your deposit has been affirmed, you'll instantly have access to your assets and you can initiate purchasing and trading. To invest in Stellar (XLM) on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”. In order to spot Stellar (XLM), you'll need to put the cointype (XLM) into the search box, which is marked in the picture. Make sure you have selected the right pairing, we have highlighted this too. Click on “XLM/BTC” to proceed.
Step 4 – Acquisition of Stellar (XLM) Once you've found (XLM) Stellar, you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we are going to make our Limit Order. The field with the “Price” tag will be filled with the up-to-date rate Stellar (XLM) was sold for. This can be changed to your favoured price. The “Amount” field is the amount of XLM you want to buy. The “Total” field is the whole price in Bitcoin that you will pay for the complete amount of XLM. If you are glad, click on “Buy XLM”. Your plan will be filled when a Vender trades their XLM for the price you gave.
Step 5 – Withdraw (XLM) Stellar Unless you are regularly trading, best advise is not to keep crypto coins on an Exchange for an extensive period of time. In order to withdraw your Stellar (XLM), hover over the tab called “Funds” and click on “Withdraw”. Stellar (XLM) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Stellar (XLM) by using the given drop-down box. Enter the amount of Stellar (XLM) you'd like to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. When you are glad, click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.