A Step-by-Step-Guide on how to buy Stellar (XLM) in Uganda
Step 1 – Join Kraken In the beginning you'll need to purchase one of the top-tier coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below for registration and receive your welcome Bitcoin or Ethereum.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Ethereum or Bitcoin will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Stellar (XLM) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you've selected the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Find Stellar (XLM) Once your deposit has been verified, you will instantly have access to your finances and you can start buying and trading. To buy (XLM) Stellar on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. To discover Stellar (XLM), you'll need to put the shortname of the coin (XLM) into the search box, which is marked in the picture. Be certain of having choosen the proper grouping, we have marked this also. Click on “XLM/BTC” to go on.
Step 4 – Acquisition of (XLM) Stellar After you've found (XLM) Stellar, you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). For 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 “Amount” field is the quantity of XLM you like to buy. The “Total” field is the whole price in BTC that you will pay for the whole volumen of XLM. When you're satisfied, make a mouse click on “Buy XLM”. Your plan will be filled when a Vendor trades their XLM for the price you offered.
Step 5 – Withdraw (XLM) Stellar Unless you are trading, you should never keepyour coins on an Crypto Exchange for an extensive time frame. In order to take off your (XLM) Stellar, hover over the “Funds” tab and mouse click on “Withdraw”. (XLM) Stellar can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (XLM) Stellar by using the given drop-down box. Enter the amount of (XLM) Stellar you would like to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address. When you're happy, click “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.