How to Buy Stellar (XLM) in Venezuela

A Step-by-Step-Guide on how to buy Stellar (XLM) in Venezuela

Step 1 – Signup to CEX.io

You'll first need to purchase units of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your first Bitcoin or Ethereum.

Step 2 – Transmit Your Funds to an Exchange

Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Stellar (XLM) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to)

Make sure you have chosen the correct coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Locate Stellar (XLM)

As soon as your deposit has been affirmed, you will now have access to your finances and you can launch buying and trading. To purchase Stellar (XLM) on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”.

To find (XLM) Stellar, you'll need to put the cointype (XLM) into the search-box, which is marked in the image. Be certain of having selected the correct pairing, we have marked this also. Click on “XLM/BTC” to advance.

Step 4 – Acquisition of (XLM) Stellar

After you've spotted (XLM) Stellar, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are going to make our own Limit Order.

The field with the “Price” tag will be automatically filled with the most recent tariff Stellar (XLM) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of XLM you wish to purchase. The “Total” field is the whole price in BTC that you'll pay for the complete volumen of XLM.

When you are glad, make a mouse click on “Buy XLM”. Your plan will be filled as soon as a Vender trades their XLM for the price you gave.

Step 5 – Withdraw (XLM) Stellar

Unless you are trading, best advise is not to keep coins on an Cryptocurrency Exchange for an longer time frame. To withdraw your Stellar (XLM), go to the “Funds” tab and click on “Withdraw”. Stellar (XLM) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Stellar (XLM) by using the given drop-down box. Put into the volumen of Stellar (XLM) you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your precise withdraw address.

When you are glad, click on “Submit”. You may be requested for phone/email verification ahead of a take off.

Congratulations! You have successfully purchased and safed (XLM) Stellar in Venezuela.

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you have proved your withdrawal with Ethplorer.io or Etherscan.io and the (XLM) Stellar is stored within your wallet, you are all done.