Select your bank account in the ‘Withdrawal account’ field.Once converted it is ready to be withdrawn to your linked bank account.Use the XLM/GBP pair to convert your XLM into Pounds.Once the transfer process has initiated it may take a few minutes for Kraken to receive the crypto. Double check all the information you input matches the information from Kraken Enter the amount of XLM you want to transfer – Click ‘Max’ button if you want to transfer all your XLMĨ. Enter your ‘Memo’ number that Kraken generatedħ. Select ‘Stellar Lumens’ in the ‘Network’ fieldĦ. Copy and paste or enter it manually if using the website/desktop appĥ.Scan it using the icon in the red box on mobile.Search for ‘XLM Stellar Lumens’ and select it If you are doing it through the Binance website or desktop app it will be the same process.ģ. I will be doing this step using my Binance mobile app as it has the ability to scan the QR code for your Kraken XLM deposit address. Now all of your funds on Binance should be held in Stellar (XLM). Indirect – if an XLM pair with the crypto you are holding doesn’t exist you can convert your crypto to BTC then convert BTC to XLM.If you hold any cryptos outside of these you will need to follow the indirect method below. The only XLM pairs currently on Binance are XLM/BTC, XLM/ETH and XLM/BNB. Direct – find the XLM pair to the cryptocurrencies you hold and convert them to XLM.These will be used in the later steps so keep this web page open.Ĭonvert all of your funds on Binance into Stellar (XLM) Click the ‘Generate deposit address’ buttonĪ ‘Deposit address’ will be generated alongside a QR code containing the address and a ‘Memo’ number. Its withdrawal fee is 0.02 XLM which equates to £0.0058 at the time of writing.Ĭreate a Stellar (XLM) deposit address on KrakenĤ. The crypto I will be using for this guide is Stellar. These fees are listed in the website below: It is also important to choose the one with a low withdrawal fee on Binance. This step will require you to choose a crypto that is supported by both Binance and Kraken. Once this is filled out and submitted your bank account will now be linked to your Kraken account to allow deposits and withdrawals.Ĭhoose a crypto with low withdrawal fees on Binance
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