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How to buy Stellar with Credit Card
Why investors buy Stellar with Credit Card
These days, buying cryptocurrencies with a credit card has become more popular and important. Fortunately, with the presence of digital currency exchanges such as ours, there is no longer a problem to buy and sell various cryptocurrencies with a credit card. Perhaps the first piece of advice for beginners who intend to buy cryptocurrency is to try the methods of buying crypto assets with a credit card. In addition to the availability of credit cards for everyone, the lack of complexity and simplicity are other reasons to recommend this method for beginners. Other reasons could be:
- Speed; A credit card purchase can be completed in a matter of seconds.
- Security; Credit cards are also very secure because they are not connected to your personal assets.
- Rewards and Bonus; Some credit card companies let you earn points or cash back on cash advances, so rewards could also be a benefit.
Is XLM a good investment?
Like other cryptocurrencies, it’s hard to know if investing in XLM is profitable because it’s not predictable. However, some facts and data can help you analyze the performance of a token on the market. First, we can take a look at the history of XLM and its price in the past. XLM released in 2014 with the price of 0.002 USD. After a year, it reached 0.005 USD, which is almost twice its initial price. It means that if you had invested 1000 USD on buying Stellar or XLM, you could have 2500 USD after a year. Therefore, it would have been a profitable investment for one year. Additionally, the experts in this field believe that the coin might reach 10$ by 2030. This means it might be a valuable long-term investment.
Meanwhile, you should also know that like other cryptocurrencies, investing in XLM is risky too because any incident or news about this company or even other coins may affect the price of XLM. However, since Stellar is a practical network with fast and low-wage transactions, it is predictable that more and more people will start using this platform and its coin. The more this network grows, the more valuable it will get. Therefore, it’s more likely for it to be a successful investment than a failure. Furthermore, you don’t need to mine XLM like other coins; there are an exact number of this token out there that you can buy or sell.
Who can buy Stellar with Credit Card
By owning a Credit Card, anyone who uses our exchange, whether they are new to it or a seasoned user, can profit from using their Credit Card as a payment method. Thanks to the use of a Credit Card payment method, the usability of our exchange has been further enhanced and our exchange users now have access to a wider variety of payment options.
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.
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.
How to buy XLM with Credit Card instantly?
Buying cryptocurrency using the Credit Card payment method on our exchange is simple and instant due to the speed of transactions. In order to use this payment method, you first need to have an account on our exchange website. From then, sign in to your account. Here, you will be able to see a list of digital coins available for your purchase. You should enter the amount of cryptocurrency tokens and charge your overall account funds by choosing the Credit Card method of payment, and at last, finalize your purchase.
Where can I buy XLM online with a Credit Card?
To make the purchase of cryptocurrencies more convenient for the users of our exchange, we offer the Credit Card payment service as an easy method of electronic payment service. By using the Credit Card method through our exchange, the operations of buying any cryptocurrency can occur very quickly. This speed of transactions is also because payment with a credit card eliminates the long verification step required by some other payment methods.
Is XLM 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.
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FAQ
Frequently asked questions
If you want to keep XLM as an investment, you need to know that XLM can be a good long-term investment. It is not recommended to think about a short-term profit while buying this coin.
Some of the main advantages of using Credit Card as your initial method of cryptocurrency payments would be; fast deposit and withdrawal, high security, practicality, and ease of use.
Although it seems that XLM and XRP are using a similar network, there are some differences between them that make them completely separate from each other. XRP is mainly used by people who do business with banks. XLM is for people who do business with other people. Therefore, if you want to use this coin, you need to know which type of transactions you have: with people, or with banks? If you want to invest in the coin, some experts believe that XRP is doing better than XLM.
It may. When you use Credit Card, your creditor company may charge their own processing fee. Some exchanges might also add a credit card processing fee, but there are no buying and trading fees on our exchange.
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.
No. Credit Card is not a platform for trading crypto tokens. It is however a payment service integrated by our exchange so that our users can easily buy Bitcoin, Ethereum, stable coins, or other forms of cryptocurrencies.
