A Step-by-Step-Guide on how to buy Stellar (XLM) in Virgin Islands
Step 1 – Join Kraken You will first need to buy units of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below to register and receive your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Stellar (XLM) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to) Make sure you've chosen the precise coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Find Stellar (XLM) Once your deposit has been verified, you'll directly have access to your assets and you can begin purchasing and trading. To buy Stellar (XLM) on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”. In order to spot Stellar (XLM), you will need to put the short name of the asset (XLM) into the search-box, which is highlighted in the graphic. Make sure you have selected the correct grouping, we've highlighted this too. Click on “XLM/BTC” to advance.
Step 4 – Buy (XLM) Stellar Once you have spotted Stellar (XLM), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). For now we're going to make our Limit Order. The “Price” field will be filled automatically with the recent tariff (XLM) Stellar was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of XLM you want to buy. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the complete quantity of XLM. If you are happy, make a mouse click on “Buy XLM”. Your plan will be filled as soon as a Vender sells their XLM for the price you submitted.
Step 5 – Withdraw (XLM) Stellar Unless you are trading, best advise is not to keep your coins 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”. Stellar (XLM) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XLM) Stellar by using the given drop-down box. Put into the volumen of (XLM) Stellar you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address. When you're happy, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a withdrawal.