How to Buy Stellar (XLM) in Senegal

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

Step 1 – Join Coinbase and recieve 10$ for free

You'll first need to purchase units of the top-tier coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below for registration and to get your first 10$.

Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Stellar (XLM) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual)

Make sure you have selected the right coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Locate (XLM) Stellar

As soon as your deposit has been approved, you will immediately have access to your assets and you can commence invest and trading. To buy (XLM) Stellar on Binance, you will want to go to theExchangetab and mouse click onBasic”.

In order to find Stellar (XLM), you will need to put the cointype (XLM) into the search-box, which is highlighted in the picture. Be certain of having choosen the right grouping, we have highlighted this too. Click onXLM/BTCto advance.

Step 4 – Acquisition of (XLM) Stellar

Once you have discovered Stellar (XLM), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). For now we're going to create our own Limit Order.

ThePricefield will be filled automatically with the recent price (XLM) Stellar was sold for. This can be changed to your preferred rate. The field with theAmounttag is the volumen of XLM you like to buy. TheTotalfield is the aggregated price in BTC that you will pay for the whole quantity of XLM.

When you are happy, make a mouse click onBuy XLM”. Your order will be filled as soon as a Vendor trades their XLM for the price you gave.

Step 5 – Withdraw Stellar (XLM)

Unless you are regularly trading, best advise is not to keep your crypto on an Crypto Trader for an extended period of time. To take off your Stellar (XLM), go to the tab calledFundsand mouse click onWithdraw”. Stellar (XLM) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (XLM) Stellar by using the given drop-down box. Put into the volumen of (XLM) Stellar you would wish to take off. Take into account the displayed fees/minimums. Also make sure you have filled your correct withdraw address.

If you are satisfied, make a mouse click onSubmit”. You could be requested for verfication via phone/email ahead of a take off.

Kudos! You have successfully bought and safed (XLM) Stellar in Senegal.

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your take off using Ethplorer.io or Etherscan.io and the Stellar (XLM) is stored in your wallet, you're all done.