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How to obtain XLM coin? XLM coin purchase and acquisition method complete graphic tutorial
Through a comprehensive guide, the article provides step-by-step instructions on how to obtain XLM coins by choosing a cryptocurrency exchange, funding an account, purchasing XLM, and considering alternative methods like airdrops and yield farming.
Oct 05, 2024 at 07:47 pm
How to Obtain XLM Coin: A Comprehensive Guide
XLM, the native token of the Stellar network, plays a crucial role in facilitating transactions and maintaining the network's stability. Here's a detailed guide on how to obtain XLM coins:
1. Choose a Cryptocurrency Exchange:
- Coinbase: A reputable exchange that offers a wide selection of cryptocurrencies, including XLM.
- Binance: A global exchange known for its low fees and diverse coin offerings.
- Kraken: A long-established exchange with a solid reputation for security and customer service.
2. Create an Account:
- Visit the exchange's website or mobile app and create an account by providing your personal information and verifying your identity.
3. Fund Your Account:
- Most exchanges accept various payment methods, such as bank transfers, credit/debit cards, or other cryptocurrencies.
- Select your preferred method and follow the instructions to deposit funds into your account.
4. Purchase XLM:
- Once your account is funded, navigate to the "Buy/Sell" or "Trading" section of the exchange.
- Search for XLM and specify the amount you wish to purchase.
- Select the desired payment method and confirm the transaction.
5. Store Your XLM:
- After the purchase is complete, your XLM coins will be credited to your exchange wallet.
- It's recommended to withdraw the coins to a hardware wallet or a software wallet like Metamask or Trust Wallet for enhanced security.
Additional Methods:
6. Earn XLM through Airdrops:
- Occasionally, Stellar-based projects conduct airdrops, distributing free XLM coins to users who meet certain criteria.
- Follow project announcements or use airdrop aggregator platforms like CoinMarketCap to find opportunities.
7. Participate in Yield Farming:
- Some decentralized finance (DeFi) protocols offer yield farming programs where you can earn XLM by providing liquidity or staking your coins.
- Research reputable platforms and carefully consider the associated risks before participating.
8. Purchase XLM as a Physical Asset:
- Physically backed XLM tokens are available in the form of Silvergate Exchange Network (SEN) Ledger Accounts.
- These tokens can be purchased through regulated brokers or exchanges that support SEN.
Remember to thoroughly research and understand the risks associated with cryptocurrency investments before making any purchases.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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