A Step-by-Step-Guide on how to buy Stellar (XLM)
Step 1 – Signup to CEX.io You will first need to buy one of the top-tier currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below to register and getting your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Stellar (XLM) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Just follow this manual) Make sure you have selected the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate Stellar (XLM) Once your deposit has been verified, you will immediately have access to your assets and you can initiate purchasing and trading. To purchase Stellar (XLM) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. To spot Stellar (XLM), you will need to insert the cointype (XLM) into the search box, which is marked in the graphic. Make sure you have selected the right grouping, we have marked this too. Click on “XLM/BTC” to proceed.
Step 4 – Buy Stellar (XLM) Once you've located Stellar (XLM), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are creating our own Limit Order. The ”Price” field will be automatically filled with the most latest rate Stellar (XLM) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of XLM you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete quantity of XLM. If you are happy, click on “Buy XLM”. Your order will be filled when a Seller trades their XLM for the price you submitted.
Step 5 – Withdraw Stellar (XLM) Unless you are trading, never keep your crypto coins on an Crypto Trader for an extended time frame. To take off your Stellar (XLM), go to the tab called “Funds” and click on “Withdraw”. Stellar (XLM) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Stellar (XLM) by using the given drop-down box. Enter the quantity of Stellar (XLM) you'd like to take off. Don't forget the presented fees/minimums. Also make sure you have entered your precise withdraw address. If you are happy, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a withdrawal.