A Step-by-Step-Guide on how to buy Stellar (XLM)
Step 1 – Signup to CEX.io In the beginning you'll need to buy units of the top-tier coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below for registration and to get your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Stellar (XLM) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide) Make sure you have chosen the exact coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Locate (XLM) Stellar Once your deposit has been approved, you will directly have access to your assets and you can initiate invest and trading. To buy (XLM) Stellar on Binance, you will want to go to the ”Exchange” tab and click on “Basic”. In order to find (XLM) Stellar, you will need to put the shortname of the coin (XLM) into the search box, which is marked in the graphic. Make sure you have choosen the correct grouping, we've marked this too. Click on “XLM/BTC” to continue.
Step 4 – Purchase Stellar (XLM) After you've found Stellar (XLM), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we are going to make our own Limit Order. The ”Price” field will be automatically filled with the recent valuation Stellar (XLM) was sold for. This can be changed to your preferred price. The ”Amount” field is the amount of XLM you want to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the whole amount of XLM. If you're glad, click on “Buy XLM”. Your order will be filled when a Seller sells their XLM for the price you offered.
Step 5 – Withdraw Stellar (XLM) Unless you are frequently trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive period of time. 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 Stellar (XLM) by using the given drop-down box. Put into the amount of Stellar (XLM) you would like to take off. Take into account the displayed fees/minimums. Also make sure you have filled your precise withdraw address. If you are happy, make a mouse click on “Submit”. You may be requested for verfication via phone/email before a withdrawal.