A Step-by-Step-Guide on how to buy Stellar (XLM) in United States
Step 1 – Signup to Kraken In the beginning you'll need to purchase one of the bigger currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below for registration and receive your welcome Bitcoin or Ethereum.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. All exchanges have 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 Coinbase funds to an Crypto Exchange? (Follow this how-to) Make sure you have chosen the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Find Stellar (XLM) Once your deposit has been confirmed, you'll immediately have access to your finances and you can start purchasing and trading. To purchase Stellar (XLM) on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”. In order to find Stellar (XLM), you'll need to put the cointype (XLM) into the search box, which is marked in the image. Make sure you have selected the right grouping, we have marked this also. Click on “XLM/BTC” to progress.
Step 4 – Buying Stellar (XLM) Once you've spotted Stellar (XLM), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). Next we're making our own Limit Order. The “Price” field will be automatically filled with the up-to-date valuation Stellar (XLM) was sold for. This can be changed to your desired price. The “Amount” field is the amount of XLM you wish to buy. The field with the “Total” tag is the whole price in BTC that you'll pay for the whole amount of XLM. When you're glad, click on “Buy XLM”. Your order will be filled when a Vender trades their XLM for the price you introduced.
Step 5 – Withdraw Stellar (XLM) Unless you are frequently trading, never keep your crypto on an Cryptocurrency Exchange for an longer time period. To take off your Stellar (XLM), hover over the “Funds” tab and mouse click on “Withdraw”. (XLM) Stellar can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XLM) Stellar by using the provided drop-down box. Put into the volumen of Stellar (XLM) you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address. If you're glad, click “Submit”. You could be requested for phone/email verification ahead of a withdrawal.