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How to Buy Stellar (XLM)

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).

Binance Signup
Step 2 – Transmit Your Funds to an Crypto Exchange

Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Stellar (XLM) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide)

Make sure you have selected the correct coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you are using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Locate Stellar (XLM)

Once your deposit has been approved, you will now have access to your assets and you can commence invest and trading. To buy Stellar (XLM) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”.

In order to locate Stellar (XLM), you will need to put the short name of the asset (XLM) into the search box, which is highlighted in the graphic. Make sure you have selected the proper grouping, we have marked this also. Click on “XLM/BTC” to progress.

{How to buy Coin on Binance 1|Binance How To Buy 1} Stellar (XLM)
Step 4 – Purchase Stellar (XLM)

Once you've located Stellar (XLM), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are going to create our own Limit Order.

The field with the “Price” tag will be filled with the most latest tariff Stellar (XLM) was sold for. You can change this to your favoured price. The field with the “Amount” tag is the amount of XLM you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete quantity of XLM.

When you're satisfied, make a mouse click on “Buy XLM”. Your order will be filled when a Seller trades their XLM for the price you introduced.

Step 5 – Withdraw Stellar (XLM)

Unless you are frequently trading, you should never keepyour crypto coins on an Exchange for an extended time frame. To take off your Stellar (XLM), hover over the tab called “Funds” and click on “Withdraw”. Stellar (XLM) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Stellar (XLM) by using the provided drop-down box. Enter the quantity of Stellar (XLM) you would wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your correct withdraw address.

If you are glad, click “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.

Congratulations! You have successfully purchased and stored Stellar (XLM).

That's it!

Take offs from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Stellar (XLM) is safe in your wallet, you are done.

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