How to Buy Stellar (XLM) in 4 Easy Steps
Stellar (XLM) is a decentralized, open-source payment network. It uses blockchain technology to allow consumers to move funds quickly and cheaply. The payments network does not favor any particular national currency; instead, it has its own native cryptocurrency, Stellar Lumens. Since its inception in 2014, the Stellar network has handled billions of transactions, formed relationships with big corporations, and established itself as a popular cryptocurrency investment. Here is a detailed guide on how to buy Stellar.
Step 1: Create a Cryptocurrency Exchange Account
To buy Stellar (XLM), you need to create an account on a cryptocurrency exchange. There are several cryptocurrency exchanges like Binance, Kraken, and KuCoin that support Stellar transactions. You need to verify your personal details after creating the account.
Step 2: Add Funds to Your Account
All of the above-mentioned exchanges support the fiat-to-crypto exchange. So, you can easily add funds to your account in order to buy cryptocurrency. Choose a payment method for how you want to pay, like a credit or debit card, bank transfer, or Apple Pay. Check your payment details carefully before confirming the transaction.
Step 3: Buy Stellar (XLM) from the Exchange
Now, to buy Stellar, click on “Buy Crypto” in your exchange and search for Stellar. Click on Stellar to buy. Enter the amount you want to buy and confirm your transaction.
Step 4: Transfer your Coins to your Wallet
Create a wallet that supports Stellar tokens and transfer all your tokens to it. Several wallets are available for storing coins, like the Ledger Nano X and Trezor. Wallets keep your tokens safe and secure.
Also read: Stellar Price Prediction
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Where to Buy Stellar (XLM)
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Binance is a cryptocurrency exchange where users can trade digital coins. It accepts hundreds of popular coins. Binance offers a crypto wallet in which traders can keep their digital assets. Through the exchange's supporting services, users can earn interest or conduct cryptocurrency transactions.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | July 2017 |
| Deposit Methods | Bank transfer, Credit/debit card, cash balance |
| Deposit Fees | Free |
| Cryptos Listed | 300+ |
| Trading Fees | 0.6% |
| Fiat Currencies Supported | AUD, EUR, HKD, KZT, NOK, PEN, RUB, TRY, UAH, UGX. |
| Trustworthiness | Safe |
KuCoin is a large cryptocurrency exchange where users may buy, sell, and trade cryptocurrencies. In addition to traditional trading options, the platform offers leverage, futures, and peer-to-peer (P2P) trading. Users can also get paid to stake or lend their cryptocurrency.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | September 2017 |
| Deposit Methods | Bank Transfer, Credit, Debit and Prepaid cards |
| Deposit Fees | Free |
| Cryptos Listed | 757 |
| Trading Fees | 0.1% makers and 0.1% takers |
| Fiat Currencies Supported | 28 fiat currencies |
| Trustworthiness | Safe |
Kraken is a cryptocurrency exchange platform that allows users to buy, sell, and trade a range of digital assets. It was established in 2011 and is headquartered in San Francisco. It is well-known for its stringent security measures and sophisticated trading features. It has a good reputation, and no one can hack into it.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | 2011 |
| Deposit Methods | Credit/debit card, digital wallet purchases, ACH online banking |
| Deposit Fees | free for depositing more than 150USD (depends on region) |
| Cryptos Listed | Over 220 |
| Trading Fees | 0.16% maker fees and 0.26% taker fees |
| Fiat Currencies Supported | Eight fiat currencies, including USD, EUR and GBP |
| Trustworthiness | Safe |
Frequently Asked Questions
Where can you buy Stellar (XLM) with a credit or debit card?
You can buy Stellar (XLM) with a credit or debit card on several cryptocurrency exchanges like Binance, Kraken, and KuCoin. First, you need to create an account on any of these exchanges and verify your details. Then click on “Buy Crypto” on the exchange and enter the number of tokens that you want to buy. After that, enter your credit or debit card details and verify your payment details. Now click on “Confirm” to confirm your transaction. After confirming, you will have your tokens on the exchange.
What will you need to buy Stellar (XLM)?
To buy Stellar, you need the following:
- You would need to have an account on a cryptocurrency exchange that supports the token.
- After that, you will need funds to buy Stellar.
- You will need to have a bank account or credit/debit card for payment.
- Next, you would need to have a wallet account to store your coins.
What is the easiest way to buy Stellar (XLM)?
The easiest way to buy Stellar (XLM) is through a credit or debit card. To buy through a credit or debit card, you need to create an account on a cryptocurrency exchange platform that supports the token and verify your personal details. Now to buy, you need to search for Stellar and click on the buy option. Now enter the number of tokens and your credit or debit card details. Before confirming, carefully check your details and click on confirm the transaction. After that, you will have your tokens in your exchange account.
Best wallets to store your Stellar (XLM)
The best wallets to store your Stellar (XLM) token are Foxlet, Atomic Wallet, Ledger Nano S, Astral, and Trezor. You should use hardware wallets for storing your tokens, as they provide the best security. Make sure to do your own research about the wallets before choosing.
