A Step-by-Step-Guide on how to buy Stellar (XLM) in Uruguay
Step 1 – Join Kraken In the beginning you'll need to purchase units of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click below for registration and getting your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Ethereum or Bitcoin to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Stellar (XLM) is available on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this guide) Make sure you have selected the right coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Find Stellar (XLM) As soon as your deposit has been confirmed, you will directly have access to your finances and you can start invest and trading. To buy Stellar (XLM) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. To find (XLM) Stellar, you will need to put the cointype (XLM) into the search-box, which is highlighted in the picture. Make sure you have choosen the right grouping, we've highlighted this too. Click on “XLM/BTC” to proceed.
Step 4 – Buying (XLM) Stellar Once you have located Stellar (XLM), you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). For now we're creating our own Limit Order. The “Price” field will be automatically filled with the most recent tariff Stellar (XLM) was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of XLM you want to purchase. The “Total” field is the whole price in Bitcoin that you will pay for the complete amount of XLM. When you're glad, click on “Buy XLM”. Your plan will be filled when a Seller trades their XLM for the price you offered.
Step 5 – Withdraw Stellar (XLM) Unless you're frequently trading, best advise is not to keep crypto on an Crypto Trader for an extensive period of time. In order to withdraw your (XLM) Stellar, go to the “Funds” tab and click on “Withdraw”. Stellar (XLM) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Stellar (XLM) by using the given drop-down box. Put into the amount of (XLM) Stellar you would wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. When you are satisfied, make a mouse click on “Submit”. You may be requested for email/phone verification before a take off.