How to Buy Solaris at Kucoin (XLR) - Coin Street

This is a short guide to safely buying Solaris (also known as XLR coin) on the Kucoin exchange.

What is Solaris

Solaris XLR was released on 18th March, 2017. On Saturday, 07 October 2017, at 14:00 UTC the Solaris blockchain was relaunched. The former Nist5 algorithm was replaced by XEVAN.
XEVAN was founded by the Bitsend developer and has since then proven to be a stable, ASIC resistant and efficient algorithm. The Xevan hash algorithm is a unique combination from the dual X17 difficulty algorithm with an extension to 128 bits. Solaris has many unique features which distinguish it from other cryptocurrencies, some of which include a decentralized governance system which employs masternodes and an ‘instant send’ feature allowing transactions to be confirmed instantaneously.
Solaris understands that everyone has the right to privacy and so the wallet includes privacy features that give users the option to perform XLR transactions anonymously. On 16th December 2017, Solaris wallet with Zerocoin protocol support was released. Zerocoin transactions will be enabled on the network at block 146375 ~January 20 14:00 UTC

XLR Token Details

Official Website:  https://solariscoin.com
Name:  Solaris
Token:  XLR
Total Supply: 1,050,639
Circulating Supply: 900,938

Step 1 – Register at Kucoin

To buy the token, you first need to sign up at Kucoin.

First go to Kucoin.

Next you need to click on the “Sign up” link.

sign up at kucoin to buy crypto alt coins

Go ahead and Register at Kucoin by adding your personal details.

how to sign up at kucoin exchange

To sign up for Kucoin you’ll need a valid email address and create a secure password.

Step 2 – Activate Your Kucoin Account.

You’ll be asked to activate your account before you can log in on Kucoin.

Go to the email you entered and click on the link sent by Kucoin to complete the registration process.

You may need to check your spam folder.

We strongly recommend you set up 2 factor authorization (2FA) on your account.

Step 3 – Log On to Your New Kucoin Account

Go back to Kucoin and use your new account details to log in.

Step 4 – Fund your Kucoin Wallet.

Before you can buy your new tokens, you need to have funds in your Kucoin wallet.

Note that you can’t send fiat currency direct to Kucoin.  Instead you need to send your favorite crypto (we recommend ETH or LTC due to low transaction costs and fast transfer times).

The easiest way is to buy crypto at Coinbase.com then send it to Kucoin.

How to Buy Bitcoin at Coinbase

You now need to find the deposit address for the specific type of crypto you are transferring over from Coinbase.

In this example we’re using ETH.

First, click the dollar ($) symbol to open the deposit page

deposit crypto at kucoin exchange

Then click on the “Deposit” button and search for ETH.

deposit eth at kucoin trading exchange

Now, copy the ETH Deposit Address and use that as the destination/outward address at your Coinbase account.

Wait a few minutes and the crypto (ETH in this case) will be credited to your Kucoin account.

Step 5: Trade your Ether for XLR tokens.

Click on the ‘Markets’ link at the top menu, next to the Kucoin logo.  And navigate to the ETH tab.

trade eth pairs on kucoin exchange

Search for the XLR /ETH pair among the list displayed on the page.  You can type XLR in the search bar if you can’t find it.

This will take you into a trading screen like the one below.  It’s straightforward to purchase from here.

buy alt coins on kucoin exchange

Under the XLR /ETH chart, you’ll find the Buy XLR section.

buy Solaris (XLR) at kucoin exchange

The first box with the Price label displays how much ETH or fraction of ETH you pay to buy each XLR token.

The second box with the Amount label is where you enter the number of XLR Tokens you plan to buy.

You can also use the ratio slider to indicate what percentage of your funds you want to spend.  sliding to  100% button uses all the ETH in your account.   50% uses 50% etc.   If you use the percentage buttons, the number of tokens you can buy will be automatically entered into the Amount box.

The Total box shows how much Ether in total you are paying for the transaction. This includes any transaction fees by Kucoin.

Ready to buy?

Go ahead and Click on the “BUY XLR” button.

Are you new to Bitcoin?  For a limited time only, you can grab our Bitcoin for Beginners course for absolutely free.  You can get access right here.

 

Important Notice

This content for educational purposes only and should not be considered investment advice or a trading recommendation.    Buying any cryptocurrency involves a lot of risk.    The cryptocurrency market is highly volatile and any money you invest is at your own risk. TL:DR – crypto is risky, don’t spend money you can’t afford to lose. Now would be a great time to read our full Terms of Use and our Affiliate Disclosure.

 

  • Doc
  • January 4, 2018
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