A Step-by-Step-Guide on how to buy Stellar (XLM) in Uzbekistan
Step 1 – Signup to Kraken You'll first need to buy one of the top-tier coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below for registration and receive your welcome Ethereum or Bitcoin.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Stellar (XLM) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide) Make sure you've chosen the right coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Locate (XLM) Stellar Once your deposit has been affirmed, you'll directly have access to your finances and you can begin buying and trading. To buy Stellar (XLM) on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”. In order to spot (XLM) Stellar, you'll need to insert the shortname of the coin (XLM) into the search box, which is highlighted in the image. Make sure you have choosen the right pairing, we've marked this also. Click on “XLM/BTC” to go ahead.
Step 4 – Buy (XLM) Stellar Once you've located (XLM) Stellar, you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're going to create our own Limit Order. The field with the “Price” tag will be filled with the latest price (XLM) Stellar was traded for. You can change this to your desired price. The field with the “Amount” tag is the amount of XLM you like to buy. The “Total” field is the aggregated price in BTC that you will settle for the whole amount of XLM. When you are satisfied, click on “Buy XLM”. Your order will be filled as soon as a Vendor sells their XLM for the price you gave.
Step 5 – Withdraw (XLM) Stellar Unless you're frequently trading, best advise is not to keep your crypto on an Exchange for an longer time period. To withdraw your (XLM) Stellar, hover over the tab called “Funds” and click on “Withdraw”. (XLM) Stellar can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XLM) Stellar by using the provided drop-down box. Enter the amount of (XLM) Stellar you'd like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. If you're happy, click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.