A Step-by-Step-Guide on how to buy Stellar (XLM) in United Arab Emirates
Step 1 – Join Kraken In the beginning you'll need to buy one of the top-tier coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below for registration and receive your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Stellar (XLM) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide) Make sure you have selected the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find Stellar (XLM) As soon as your deposit has been confirmed, you'll immediately have access to your funds and you can begin purchasing and trading. To invest in Stellar (XLM) on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”. In order to locate (XLM) Stellar, you will need to insert the short name of the asset (XLM) into the search-box, which is marked in the picture. Make sure you have choosen the correct grouping, we have highlighted this also. Click on “XLM/BTC” to go on.
Step 4 – Purchasing (XLM) Stellar After you have found (XLM) Stellar, you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). Next we are making our own Limit Order. The “Price” field will be filled with the latest tariff Stellar (XLM) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of XLM you wish to buy. The “Total” field is the total price in BTC that you will settle for the complete amount of XLM. If you're glad, make a mouse click on “Buy XLM”. Your plan will be filled when a Vender sells their XLM for the price you introduced.
Step 5 – Withdraw (XLM) Stellar Unless you're regularly trading, you should never keepyour crypto coins on an Crypto Exchange for an longer period of time. In order to take off your (XLM) Stellar, go to the “Funds” tab and click on “Withdraw”. (XLM) Stellar can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XLM) Stellar by using the given drop-down box. Enter the quantity of Stellar (XLM) you would like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address. If you are glad, click on “Submit”. You could be requested for phone/email verification before a take off.