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Can you guide me through the process of buying XLM on Coinbase and transferring it to Binance?

avatarelmouravidosDec 15, 2021 · 3 years ago1 answers

I'm new to cryptocurrency and I want to buy XLM (Stellar Lumens) on Coinbase and then transfer it to Binance. Can you provide a step-by-step guide on how to do this?

Can you guide me through the process of buying XLM on Coinbase and transferring it to Binance?

1 answers

  • avatarDec 15, 2021 · 3 years ago
    Buying XLM on Coinbase and transferring it to Binance is easy! Here's a step-by-step guide: 1. Sign up for an account on Coinbase and complete the verification process. 2. Deposit funds into your Coinbase account using a bank transfer or credit/debit card. 3. In the Coinbase dashboard, click on 'Buy/Sell' and select XLM as the cryptocurrency you want to buy. 4. Enter the amount of XLM you want to purchase and review the transaction details. 5. Confirm the purchase and wait for the XLM to be added to your Coinbase wallet. 6. Now, go to Binance and sign up for an account if you don't have one already. 7. Once you have a Binance account, generate a Stellar Lumens (XLM) deposit address. 8. Go back to Coinbase and click on 'Send/Receive'. 9. Enter the XLM deposit address from Binance as the recipient address. 10. Specify the amount of XLM you want to transfer and review the transaction details. 11. Confirm the transfer and wait for the XLM to be sent to your Binance account. 12. Once the transfer is complete, you can start trading XLM on Binance. I hope this helps! Let me know if you have any other questions.