A Step-by-Step-Guide on where to buy Stellar (XLM)
Step 1 – Signup to CEX.io In the beginning you'll need to purchase units of the bigger coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below for registration and receive your Ethereum or Bitcoin.
Step 2 – Send Your Bitcoin or Ethereum to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Stellar (XLM) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual) Make sure you've selected the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Find Stellar (XLM) As soon as your deposit has been affirmed, you will immediately have access to your funds and you can initiate buying and trading. To purchase Stellar (XLM) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. To find Stellar (XLM), you'll need to insert the short name of the asset (XLM) into the search-box, which is marked in the image. Make sure you have selected the right grouping, we have highlighted this too. Click on “XLM/BTC” to proceed.
Step 4 – Purchasing Stellar (XLM) After you've spotted Stellar (XLM), you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we're making our Limit Order. The ”Price” field will be filled with the up-to-date price Stellar (XLM) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of XLM you wish to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the whole volumen of XLM. When you are satisfied, make a mouse click on “Buy XLM”. Your plan will be filled when a Vender sells their XLM for the price you offered.
Step 5 – Withdraw Stellar (XLM) Unless you are frequently trading, best advise is not to keep crypto on an Crypto Exchange for an extended time frame. To withdraw your Stellar (XLM), hover over the ”Funds” tab 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 provided drop-down box. Enter the volumen of Stellar (XLM) you'd like to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. If you are satisfied, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.