A Step-by-Step-Guide on how to buy Stellar (XLM) in Tonga
Step 1 – Signup to Kraken You'll first need to buy one of the major currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your Funds to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Stellar (XLM) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps) Make sure you have selected the correct coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Locate (XLM) Stellar Once your deposit has been approved, you will directly have access to your funds and you can initiate purchasing and trading. To purchase (XLM) Stellar on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”. To spot (XLM) Stellar, you will need to insert the short name of the asset (XLM) into the search-box, which is highlighted in the graphic. Be certain of having selected the proper pairing, we've marked this too. Click on “XLM/BTC” to continue.
Step 4 – Acquisition of (XLM) Stellar Once you've located Stellar (XLM), you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). For now we're going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent price (XLM) Stellar was traded for. This can be changed to your desired price. The field with the “Amount” tag is the amount of XLM you like to purchase. The field with the “Total” tag is the whole price in BTC that you'll pay for the whole quantity of XLM. If you're glad, make a mouse click on “Buy XLM”. Your order will be filled when a Vendor trades their XLM for the price you introduced.
Step 5 – Withdraw (XLM) Stellar Unless you're trading, best advise is not to keep coins on an Cryptocurrency Exchange for an longer period of time. To take off your (XLM) Stellar, go to the tab called “Funds” and mouse click on “Withdraw”. (XLM) Stellar can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Stellar (XLM) by using the provided drop-down box. Enter the volumen of (XLM) Stellar you'd wish to take off. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address. When you're satisfied, click “Submit”. You may be asked for verfication via phone/email before a take off.