How to Buy Stellar (XLM)

To learn more about XLM, we should take a deeper look at the Stellar network. Stellar is an open-source and decentralized network for digital currency that was created in 2014. Its process is so similar to ripple (XRP). While Ripple focuses on providing a solution for transfers between banks globally, Stellar aims to facilitate payments between people around the world. But the working method of both is almost the same. Stellar is a fast and cheap network, every transaction on this network is done in 6 seconds and will have a low fee of 0.0001 USD.

The cryptocurrency that is used on this network is called Lumen, which is shown by the XLM abbreviation. Therefore, Stellar, Lumen, and XLM are the same but they may be used interchangeably. As mentioned, Stellar is a decentralized network and doesn’t work on a blockchain like Bitcoin. Hence, XLM (Lumen) is not minable like blockchain crypto. There are 100 billion XLM coins premade on the Stellar network that will be released gradually to the market. Therefore, people can buy and sell this crypto faster than other coins.

First, you need to know that like any other cryptocurrency, the future of XLM is not 100% predictable. However, you can decide on the reliability of this coin according to its performance in the past and at the moment. Furthermore, reading the experts and analysts reviews about XLM can make it easier for you to decide on buying XLM or not. Meanwhile, if you believe that cryptocurrency technology has a great future, you should know that XLM will definitely be there too.
You should also know that by choosing a safe and reliable wallet to keep XLM coins, you can guarantee the safety of your coins. Learn more about the XLM wallets and find the one that is suitable for you.

Lumen (XLM) is the money in your e-wallet. Any transaction you can do using physical money, can be done using XLM. Lumen is your asset; you can save it in your wallet and sell it whenever its price rises, or use it to buy different things. Even some people use this crypto as a payment of dollars or euros. For example, if you have to transfer money to your friend in Europe, you can use XLM instead of Euro. However, both of you should have the e-wallet that supports this token to be able to do this transaction. Stellar doesn’t have an official wallet, people can use different wallets from exchanges that accept this coin.
After buying XLM, if you want to hold it as an investment, it’s better to keep an eye on the rate of this crypto to trade it at the best time. If you want to use it, you need to check the projects or companies that accept this coin to see how you can spend it online.