How to Buy Stellar Lumens with a US Bank Account in 10 Easy Steps

Tammy Camp Blocked Unblock Follow Following Sep 4, 2014

Why Stellar?

There are thousands of crypto currencies out there, but there is only one that is as sophisticated in both the technology and operations of the foundation. — That’s Stellar.org. Want acquire this crypto currency that has been featured in Wall Street Journal, TechCrunch and Business Insider?

It’s easy.

Follow the steps below and you’ll be able to purchase Stellar Lumens (XLM) via the exchanges before it’s readily available to purchase on any of the anchors. It could be the opportunity you are waiting for if you are trying to get in early on this new crypto currency while it’s still available at an excellent price.

Sign up for a Stellar Wallet. You can find a list of them here, but for now, we can use Stronghold.

Stronghold is digital asset exchange built on the Stellar network.

2. Sign up for a Coinbase account.

3. Setup your payment methods in Coinbase so you can purchase Bitcoin (BTC) with your US bank account.

3. Buy Bitcoin (BTC) via your Coinbase account. Simply fill out how much Bitcoin you would like to purchase in the “Buy Amount” form and click the button “Buy Bitcoin”.

Make sure to confirm your instant buy confirmation.

4. Sign up for a Bittrex account. Please sure to confirm your email address for registration.

5. Get Bitcoin (BTC) deposit address in your Bittrex account. Simply login to your Bittrex account and go to “Wallets”. Under “Wallets” select Bitcoin and press the + button next to it to get your deposit address. For example, in this screenshot it is 1BMYZqfySpzgo4BLkwenx4L5M1HrvMLqY1 is your deposit address. Copy the address.

6. In your Coinbase account, go to “My Wallet” and click on the “Send Money” button located in the top right hand corner. Paste the Bittrex Bitcoin deposit address in the “To:” field along with the Bitcoin amount you would like to transfer. Click “Next.”

Make sure you confirm the send money confirmation by clicking “Send”.

7. Wait for Bittrex to verify your transaction 6 times over the Bitcoin network. This could take a few hours, so don’t be alarmed if you don’t see the balance in your Bittrex account immediately. Bittrex will send you an email confirmation once the deposit is available in the account.

Perhaps make a cup of tea? (The upside to Stellar is that it only takes 3 to 5 seconds for confirmations rather than a few hours like Bitcoin.)

8. With your confirmed Bitcoin in your Bittrex account, go to the “Bitcoin Markets” section. In the right hand corner of that section, search for “XLM”. Once the BTC-XLM market appears click it.

Enter the amount of Stellar Lumens you want to purchase in the Buy Lumen section and click “buy lumen”.

9. Verify the Lumens are in your account by clicking the refresh button. You will be able to see it under the sell section of your page or by going back to review the balance in the wallet section.

10. Send them back to your Stronghold wallet for safe keeping.

Voila!

You are the proud owner of Stellar Lumens.

Enjoy!

Tx