How to trade XLM coins to others? XLM coin selling transaction graphic tutorial

To trade XLM coins, you'll need to create a cryptocurrency wallet, purchase XLM coins, and initiate a trade within your wallet by specifying the recipient address and the amount of coins you wish to send.

Oct 08, 2024 at 08:24 pm

How to Trade XLM Coins to Others: A Step-by-Step Guide

XLM (Stellar Lumens) is a cryptocurrency designed for fast, low-cost transactions. If you wish to engage in XLM trading, follow these steps:

1. Create a Cryptocurrency Wallet

Download and install a cryptocurrency wallet that supports XLM, such as Exodus, Ledger, or Coinbase Wallet.
Create an account and set up a secure password.

2. Obtain XLM Coins

Purchase XLM coins through a cryptocurrency exchange or trading platform (e.g., Binance, Coinbase).
Transfer purchased XLM coins to your chosen wallet.

3. Initiate a Trade

Within your wallet, navigate to the "Send" or "Trade" section.
Enter the XLM address of the recipient.
Specify the amount of XLM coins you wish to send.

4. Set Transaction Fees (Optional)

Most wallets offer various transaction fee options.
Select the desired fee based on speed and cost preferences.

5. Confirm the Trade

Once you have verified the recipient address and XLM amount, proceed to confirm the transaction.
Your wallet will request additional security confirmation (e.g., password, 2-factor authentication).
Complete the confirmation process.

6. Check Transaction Status

Track the transaction progress using the provided transaction hash (unique transaction code).
Your wallet may provide a transaction history or block explorer to monitor the status.

7. XLM Transfer Completion

Once the transaction has been processed and confirmed by the Stellar network, the XLM coins will be transferred to the recipient's wallet.
The XLM balance in your wallet will be automatically updated.

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