A Step-by-Step-Guide on how to buy Stellar (XLM) in Vanuatu
Step 1 – Signup to Kraken In the beginning you'll need to buy one of the major coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below for registration and to get your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Stellar (XLM) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps) Make sure you've selected the exact coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate (XLM) Stellar Once your deposit has been approved, you'll now have access to your funds and you can begin purchasing and trading. To buy (XLM) Stellar on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. To spot (XLM) Stellar, you will need to insert the cointype (XLM) into the search-box, which is highlighted in the graphic. Make sure you have selected the right grouping, we've marked this also. Click on “XLM/BTC” to advance.
Step 4 – Buy (XLM) Stellar Once you have spotted Stellar (XLM), you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are making our Limit Order. The “Price” field will be filled with the most latest price (XLM) Stellar was traded for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of XLM you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the whole amount of XLM. If you're satisfied, click on “Buy XLM”. Your order will be filled as soon as a Vender sells their XLM for the price you introduced.
Step 5 – Withdraw (XLM) Stellar Unless you are frequently trading, best advise is not to keep your crypto on an Crypto Exchange for an longer time frame. To take off your (XLM) Stellar, go to the tab called “Funds” and click on “Withdraw”. (XLM) Stellar 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 amount of Stellar (XLM) you'd like to take off. Take into account the displayed fees/minimums. Also make sure you have filled your correct withdraw address. If you are glad, make a mouse click on “Submit”. You may be asked for email/phone verification before a withdrawal.