How to Buy Stellar (XLM) in Azerbaijan

A Step-by-Step-Guide on how to buy Stellar (XLM) in Azerbaijan

Step 1 – Signup to Coinmama

You will first need to buy one of the major coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below for registration and to get your BTC (Bitcoin) or ETH (Ethereum).

Binance Signup
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange 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 illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual)

Make sure you have chosen the right coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Locate {Stellar (XLM)|(XLM) Stellar}

Once your deposit has been confirmed, you will instantly have access to your assets and you can start purchasing and trading. To purchase {Stellar (XLM)|(XLM) Stellar} on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”.

In order to locate {Stellar (XLM)|(XLM) Stellar}, you will need to insert the short name of the asset (XLM) into the search box, which is marked in the picture. Be certain of having selected the right grouping, we have marked this too. Click on “XLM/BTC” to go ahead.

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

Once you have discovered {Stellar (XLM)|(XLM) Stellar}, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). Next we are going to create our Limit Order.

The ”Price” field will be automatically filled with the up-to-date rate {Stellar (XLM)|(XLM) Stellar} was sold for. You can change this to your preferred rate. The ”Amount” field is the quantity of XLM you like to buy. The ”Total” field is the total price in BTC that you'll settle for the complete quantity of XLM.

When you're glad, make a mouse click on “Buy XLM”. Your plan will be filled as soon as a Seller sells their XLM for the price you gave.

Step 5 – Withdraw {Stellar (XLM)|(XLM) Stellar}

Unless you are frequently trading, best advise is not to keep crypto coins on an Exchange for an extended period of time. In order to withdraw your {Stellar (XLM)|(XLM) Stellar}, go to the ”Funds” tab and mouse click on “Withdraw”. {Stellar (XLM)|(XLM) Stellar} can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Stellar (XLM)|(XLM) Stellar} by using the given drop-down box. Drop in the volumen of {Stellar (XLM)|(XLM) Stellar} you'd like to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your right withdraw address.

When you are glad, click “Submit”. You may be asked for verfication via email/phone before a take off.

Congratulations! You've successfully bought and stored Stellar (XLM) in Azerbaijan.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you've proved your take off with Etherscan.io or Ethplorer.io and the {Stellar (XLM)|(XLM) Stellar} is stored in your wallet, you're finished.

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