A Step-by-Step-Guide on how to buy Stellar (XLM) in United Kingdom
Step 1 – Join Kraken You will first need to purchase units of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and getting your welcome Bitcoin or Ethereum.
Step 2 – Send Your Funds to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Stellar (XLM) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual) Make sure you have selected the right coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate Stellar (XLM) As soon as your deposit has been approved, you will instantly have access to your finances and you can begin purchasing and trading. To buy Stellar (XLM) on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”. To find (XLM) Stellar, you will need to insert the shortname of the coin (XLM) into the search-box, which is highlighted in the graphic. Make sure you have choosen the correct pairing, we have highlighted this also. Click on “XLM/BTC” to go ahead.
Step 4 – Buying (XLM) Stellar Once you've spotted Stellar (XLM), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're creating our own Limit Order. The “Price” field will be automatically filled with the most up-to-date price (XLM) Stellar was traded for. You can change this to your favoured price. The “Amount” field is the amount of XLM you wish to buy. The field with the “Total” tag is the total price in BTC that you'll pay for the whole amount of XLM. When you are happy, make a mouse click on “Buy XLM”. Your order will be filled when a Seller trades their XLM for the price you introduced.
Step 5 – Withdraw (XLM) Stellar Unless you're frequently trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive time frame. To take off your Stellar (XLM), hover over the tab called “Funds” and mouse click on “Withdraw”. Stellar (XLM) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Stellar (XLM) by using the given drop-down box. Drop in the volumen of Stellar (XLM) you would wish to take off. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address. If you're happy, make a mouse click on “Submit”. You may be requested for phone/email verification before a withdrawal.