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Thanks for this. Now what do I do, though? I'd rather not mess this up. I can log in to launch.stellar.org and can "upgrade" to lumens. Do I do that? My goal is

by tgb 9y ago

Thanks for this. Now what do I do, though? I'd rather not mess this up. I can log in to launch.stellar.org and can "upgrade" to lumens. Do I do that? My goal is to sell them for USD.

asciimo 9y ago
Yes, I went through that process and it was pretty painless. I recommend going the extra step and getting a secure wallet to store them in. Ledger (https://www.ledgerwallet.com/products/ledger-nano-s https://www.ledgerwallet.com/products/ledger-nano-s) has an app for Stellar Lumens.
- deleted 9y ago
  [deleted]
- j_s 9y ago
  A secure wallet is not super helpful if immediately cashing out (to fiat), right? A legitimate, soup-to-nuts "turn one email into $___ in cash" walkthrough (perhaps the beginnings of which is below, though I can't personally vouch for it) would do well! https://medium.com/@marckohlbrugge/you-might-have-204-worth-of-cryptocurrency-you-forgot-about-c9787e788730 https://medium.com/@marckohlbrugge/you-might-have-204-worth-... (Search "2. Stellar" [no quotes] twice; does anyone know how to link directly on Medium? This piece focuses more on breadth than depth, covering multiple cryptocurrencies. The only useful Stellar info there seems to be https://launch.stellar.org/#/login https://launch.stellar.org/#/login)
ledbettj 9y ago
The process I followed was: * create an account on binance.com * transfer the stellars there, making sure to follow the instructions about the MEMO_TEXT. * convert the lumens into bitcoin * transfer the bitcoin to coinbase * sell it. There is probably a more optimized or less expensive way to accomplish this, but this was the easiest way for me, and binance did not require a social security number or photo id like some sites wanted.
- cstrat 9y ago
  I always use Ripple or Litecoin for transfers, much quicker and much lower fees. (I don't use Coinbase though, not sure whats supported there)
  - vanadium 9y ago
    Litecoin's supported on Coinbase, if that's the route someone wants to take.
andruby 9y ago
I created http://www.stellar-price.com http://www.stellar-price.com which checks a bunch of exchanges and shows you the best route to buy or sell stellar.

by tgb 9y ago

Thanks for this. Now what do I do, though? I'd rather not mess this up. I can log in to launch.stellar.org and can "upgrade" to lumens. Do I do that? My goal is to sell them for USD.

asciimo 9y ago

Yes, I went through that process and it was pretty painless. I recommend going the extra step and getting a secure wallet to store them in. Ledger (https://www.ledgerwallet.com/products/ledger-nano-s https://www.ledgerwallet.com/products/ledger-nano-s) has an app for Stellar Lumens.

deleted 9y ago
[deleted]
j_s 9y ago
A secure wallet is not super helpful if immediately cashing out (to fiat), right? A legitimate, soup-to-nuts "turn one email into $___ in cash" walkthrough (perhaps the beginnings of which is below, though I can't personally vouch for it) would do well! https://medium.com/@marckohlbrugge/you-might-have-204-worth-of-cryptocurrency-you-forgot-about-c9787e788730 https://medium.com/@marckohlbrugge/you-might-have-204-worth-... (Search "2. Stellar" [no quotes] twice; does anyone know how to link directly on Medium? This piece focuses more on breadth than depth, covering multiple cryptocurrencies. The only useful Stellar info there seems to be https://launch.stellar.org/#/login https://launch.stellar.org/#/login)

ledbettj 9y ago

The process I followed was: * create an account on binance.com * transfer the stellars there, making sure to follow the instructions about the MEMO_TEXT. * convert the lumens into bitcoin * transfer the bitcoin to coinbase * sell it. There is probably a more optimized or less expensive way to accomplish this, but this was the easiest way for me, and binance did not require a social security number or photo id like some sites wanted.

cstrat 9y ago
I always use Ripple or Litecoin for transfers, much quicker and much lower fees. (I don't use Coinbase though, not sure whats supported there)
- vanadium 9y ago
  Litecoin's supported on Coinbase, if that's the route someone wants to take.

andruby 9y ago

I created http://www.stellar-price.com http://www.stellar-price.com which checks a bunch of exchanges and shows you the best route to buy or sell stellar.