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 the “Exchange” tab and mouse click on “Basic”.
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 on “XLM/BTC” to 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.
The “Price” field will be filled automatically with the recent price (XLM) Stellar was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of XLM you like to buy. The “Total” field is the aggregated price in BTC that you will pay for the whole quantity of XLM.
When you are happy, make a mouse click on “Buy 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 called “Funds” and mouse click on “Withdraw”. 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 on “Submit”. You could be requested for verfication via phone/email ahead of a take off.
