A Step-by-Step-Guide on how to buy Stellar (XLM)
Step 1 – Join Coinbase and get 10$ for free In the beginning you'll need to buy units of the top-tier currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below for registration and to get your welcome 10$.
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Stellar (XLM) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to) Make sure you have chosen the precise coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find Stellar (XLM) Once your deposit has been affirmed, you'll directly have access to your funds and you can start purchasing and trading. To buy Stellar (XLM) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to locate Stellar (XLM), you'll need to insert the shortname of the coin (XLM) into the search-box, which is marked in the graphic. Make sure you have choosen the proper pairing, we've marked this too. Click on “XLM/BTC” to advance.
Step 4 – Acquisition of Stellar (XLM) As soon as you have spotted Stellar (XLM), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we are going to create our own Limit Order. The ”Price” field will be automatically filled with the recent tariff Stellar (XLM) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of XLM you want to purchase. The ”Total” field is the aggregated price in BTC that you'll pay for the whole volumen of XLM. If you are satisfied, click on “Buy XLM”. Your plan will be filled as soon as a Vender trades their XLM for the price you offered.
Step 5 – Withdraw Stellar (XLM) Unless you are regularly trading, you should never keepyour coins on an Cryptocurrency Exchange for an extensive time period. In order to take off your Stellar (XLM), go to the ”Funds” tab and click on “Withdraw”. Stellar (XLM) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Stellar (XLM) by using the provided drop-down box. Put into the amount of Stellar (XLM) you'd like to take off. Take into account the shown fees/minimums. Also make sure you have filled your right withdraw address. When you are glad, click “Submit”. You may be asked for phone/email verification before a take off.