A Step-by-Step-Guide on how to buy Stellar (XLM) in Virgin Islands
Step 1 – Signup to Coinbase and get 10$ for free In the beginning you'll need to buy one of the bigger coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below to register and receive your welcome 10 Dollar.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Stellar (XLM) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual) Make sure you have chosen the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Locate Stellar (XLM) Once your deposit has been approved, you will instantly have access to your funds and you can begin purchasing and trading. To invest in (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 insert the cointype (XLM) into the search-box, which is marked in the image. Be certain of having selected the proper pairing, we've marked this too. Click on “XLM/BTC” to advance.
Step 4 – Purchase Stellar (XLM) After you've discovered (XLM) Stellar, you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are going to create our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date valuation Stellar (XLM) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of XLM you wish to purchase. The “Total” field is the aggregated price in Bitcoin that you will pay for the whole volumen of XLM. When you are happy, make a mouse click on “Buy XLM”. Your plan will be filled as soon as a Seller sells their XLM for the price you introduced.
Step 5 – Withdraw (XLM) Stellar Unless you are trading, never keep your crypto coins on an Crypto Trader for an longer period of time. To withdraw your Stellar (XLM), hover over the “Funds” tab and mouse click on “Withdraw”. Stellar (XLM) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (XLM) Stellar by using the given drop-down box. Enter the amount of Stellar (XLM) you'd wish to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address. When you're satisfied, click on “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.