How to Trade REAL8 Token on Stellar-based Platforms
Trading REAL8, a Stellar-based token, is simple and accessible on various exchanges and wallets within the Stellar ecosystem. This guide provides step-by-step instructions for trading REAL8 on StellarTerm, StellarX, and using wallets like Freighter and LOBSTR.
1. Trading REAL8 on StellarTerm
StellarTerm is an easy-to-use decentralized exchange for Stellar assets.
Step 1: Access StellarTerm
- Visit StellarTerm and click on Open Account or Log in.
- Use your private key or connect a Stellar-compatible wallet like Freighter or Ledger.
Step 2: Add a Trustline for REAL8
- Navigate to the Account tab.
- Scroll to “Accept Assets” and search for REAL8.
- Add the REAL8 trustline using the provided issuer information.
Step 3: Start Trading
- Go to the Exchange tab.
- Search for the REAL8/XLM trading pair.
- Place your buy or sell order based on your desired trade amount.
2. Trading REAL8 on StellarX
StellarX is a comprehensive exchange offering commission-free trading for Stellar assets.
Step 1: Access StellarX
- Go to StellarX and sign in using your Stellar wallet.
Step 2: Add a Trustline for REAL8
- Open the Assets section and search for REAL8.
- Approve the trustline request to enable trading.
Step 3: Execute a Trade
- Navigate to the Market section.
- Locate the REAL8/XLM pair and set your trade preferences.
- Confirm your trade to complete the transaction.
3. Using Freighter Wallet
Freighter is a browser extension that acts as a wallet for Stellar transactions.
Step 1: Install and Log In
- Download the Freighter browser extension from the official website.
- Log in or create a new Stellar wallet.
Step 2: Add a Trustline for REAL8
- Click Manage Assets and search for REAL8.
- Add the REAL8 token trustline.
Step 3: Connect to an Exchange
- Use Freighter to connect to StellarTerm or StellarX and trade REAL8 as outlined above.
4. Using LOBSTR Wallet
LOBSTR is a mobile-friendly Stellar wallet.
Step 1: Set Up LOBSTR
- Download the LOBSTR app (iOS | Android), or access it via LOBSTR’s website.
- Log in to your account or create a new one.
Step 2: Add REAL8 to Your Wallet
- Tap Assets and search for REAL8.
- Add the trustline by approving the request.
Step 3: Trade REAL8
- Use the built-in exchange feature to trade REAL8 for XLM or other tokens.
- Confirm your transaction and check your balance.
Additional Tips
- Verify Issuer Information: Ensure the REAL8 token you’re interacting with matches the official issuer details to avoid scams.
- Have Enough XLM: Maintain a minimum balance of XLM in your wallet to cover transaction fees and trustline reserves.
- Security First: Always use secure devices and networks while trading.
By following these steps, you can confidently trade REAL8 on Stellar-based platforms and take advantage of its fast and low-cost transactions.