How to Buy Stellar (XLM)
Make your investments work for you: Buy and sell Stellar and 40+ cryptocurrencies instantly.
How to buy XLM
Just 3 easy steps to start investing in Stellar
Create your account
Sign up on the website, and verify your account with complete information.
Select a payment
Select whether you want to purchase XLM with PayPal, Google Pay, etc.
Choose XLM, select how much you want to buy, and make your first investment.
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Learn more about Stellar
What is Stellar ?
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.
Learn more on Stellar official website.
What is XLM ?
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.
Is Stellar reliable
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.
After you've bought XLM
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.
Your entry to the world of crypto
Other Methods of buying Stellar
Where can I buy Stellar
If there is any crypto ATM near you, it is possible to buy some coins with these machines and you should check to see whether it sells Stellar or not. However, the process is not as simple as it seems. Furthermore, the ATM rates are somehow more than other methods.
You can buy Stellar directly from another person over the web.
Crypto Exchanges are the safest places for buying Stellar. You can use Blocktrade as a cheap, secure, and global exchange to buy XLM. You don’t need to pay any trading fee while using Blocktrade exchange. Sign up for free, create an account, and purchase XLM with a few clicks.
Blocktrade is available in 100+ countries
How to sell Stellar
Sign up and verify your Blocktrade account
You’ll need a username, email address and a strong password to sign up on Blocktrade. Then, you'll be guided to verify your account.
Deposit XLM to your Blocktrade account
To sell Stellar on Blocktrade, generate a deposit address and transfer the desired amount - just as simple as sending it to any Stellar address.
Start selling Stellar!
Once you deposited your Stellar in your Blocktrade deposit address, you’ll be able to sell your XLM.
Frequently asked questions
Buying XLM is like opening a bank account. Like some banks that ask you to settle a minimum deposit to open an account, you need to do the same to activate your wallet on the Stellar network. Therefore, you should at least buy 1 Lumen (XLM) to be able to work with your account on this network.
No, the minimum amount of Stellar XLM you should have in your account is 1 XLM. You can’t activate any wallet without 1 XLM.
The cost of buying Stellar can vary depending on where, how, and when you purchase it. Typically, the price is determined by supply and demand in the cryptocurrency market. The price can also be influenced by market sentiment and news about the cryptocurrency. To find the current price of XLM, you can either log in to our website and see the real-time price or check our Stellar Calculator to see the price of Stellar in your desired currency.
Different analysts have predicted the future of XLM up to 2030. They have positive opinions about the future of this coin. Some even believe that the price of XLM will reach $10 by 2030.
There are several options to buy XLM such as cryptocurrency exchanges, Peer-to-peer marketplaces, Stellar brokers, etc. However, cryptocurrency exchanges are among the most popular ways to buy Stellar for beginners. You can easily buy Stellar without any buying fees from our exchange.
You can’t directly convert XLM to cash, you should first exchange it to USD or EUR in your wallet then if the wallet supports your bank account, send the money to your bank and withdraw it there in cash.
There is no right time to buy Stellar, as the price is highly volatile and can fluctuate rapidly. Some experts believe that the best time to buy is when the price is low and predicted to rise, while others believe in buying and holding for the long term.
It is always recommended to do your own research, understand the risks, and have a clear investment strategy before buying Stellar or any other cryptocurrency.