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How to buy, sell or trade Stellar Lumens (XLM)

See how the Stellar network works and how you can use Lumens.

Thinking about adding Stellar Lumens to your portfolio?

These days, you can buy and sell Stellar Lumens (XLM) on quite a few exchanges, so keep reading for step-by-step instructions on how to start trading this popular cryptocurrency.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Exchanges where you can buy, sell or trade Stellar

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Binance Cryptocurrency Exchange
Bank transfer (ACH)
USD, AUD, GBP, EUR, RUB, TRY, NGN, UAH, PHP, CZK & 20+ more

305
cryptocurrencies

Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

US residents: As of September 2019, US-based users can only trade USD on the American dollar onramp of Binance, Binance.US.
UK residents: In addition to normal crypto trading services, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

212
cryptocurrencies

Finder Exclusive: Get up to 10 USDT in trading fee rebates for signing up and making a deposit, and up to 30 USDT in trading fee rebates after buying with fiat. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Bittrex Global
Bank transfer, Credit card, Cryptocurrency, Debit card
USD

273
cryptocurrencies

Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
Bitfinex Professional Trading Exchange
Credit card, Cryptocurrency, Bank Wire
USD, EUR, GBP, JPY

164
cryptocurrencies

Cryptocurrencies are a highly volatile investment product. Your capital is at risk.
Spot trade all of the major cryptos on this full-featured exchange and margin trading platform.
OKEx Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)
USD, CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP & 20+ more

270
cryptocurrencies

Promo: Earn US$10 in BTC when you refer a friend and they purchase $100 of cryptocurrency. T&Cs apply.
Listing over 100 cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose from.
CEX.IO Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, SWIFT, SEPA, Faster Payments (FPS)
USD, EUR, GBP, RUB

22
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
Use your USD, EUR or RUB to buy and sell cryptocurrency at competitive exchange rates and with high maximums for verified accounts.
Paybis Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Neteller, Skrill
EUR, GBP, USD, AUD, CAD, PHP, SGD, CHF, HKD, JPY & 30+ more

9
cryptocurrencies

Buy Bitcoin and other popular cryptocurrencies with credit card or debit card on this digital cryptocurrency exchange.

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.
Coinbase Digital Currency Exchange
Bank transfer (ACH), Credit card, Debit card, Bank transfer (SEPA), Wire transfer
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN & 10+ more

60
cryptocurrencies

Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Huobi Cryptocurrency Exchange
AdvCash, Cryptocurrency, SWIFT, Wire transfer
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+ more

219
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Bithumb Cryptocurrency Exchange
Cryptocurrency
KRW

118
cryptocurrencies

A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
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You can also trade on the Stellar Decentralised Exchange. StellarTerm is a gateway into this, allowing buyers to access the Stellar Decentralized Exchange to trade with various sellers. Purchasing options vary depending on the listings available at the time.

A step-by-step guide to buying XLM

In the US, you can’t purchase XLM with US dollars or another fiat currency. Instead, you have to buy it with another cryptocurrency like bitcoin (BTC) or Ethereum (ETH).

Buying XLM with cryptocurrency

If you want to buy XML with HK dollars, here’s one example of how you can do it:

Tutorial: Buying XLM with Coinbase

Go to Coinbase's website

How to sell XLM

To sell your XLM holdings:

  1. Log in to your chosen exchange.
  2. Click through to the trading page, and search for the pair you want to trade.
  3. Enter the details of your transaction in the Sell tab.
  4. Review the transaction specifics.
  5. Click Sell XLM.

Wallets that support Lumens

Some people opt to keep the XLM they buy in their crypto exchange account. While it’s a convenient way to makes sure you have fast access to your crypto for future trades, it’s a risky move. With crypto exchanges a popular target for hackers, it’s widely recommended that you move your XLM into a secure wallet that lets you control your private key. Wallets you may want to consider include the Ledger Nano S hardware wallet, the Stellar Desktop Client and the Lobstr mobile wallet. For tips on what to look for in an XLM wallet, read our guide to five of the best Stellar wallets.

  • Ledger Nano S
  • Stellar Desktop Client
  • Stargazer
  • Stellar Portal
  • Stronghold
  • Blackwallet
  • SAZA
  • Papaya
  • StellarTerm
  • Lobstr

How Stellar works

Launched in 2014, Stellar aims to offer fast and affordable cross-border transactions. Its distributed payments network ensures that transactions are processed within two to five seconds for a tiny fee of approximately a single 600,000th of a cent per transaction.

To send funds on the Stellar network, create an account and then upload the currency you want to transfer to an “anchor,” such as a bank or remittance company. That anchor issues virtual credit to your Stellar account, allowing you to send near-instant transfers around the world. According to Stellar, Lumens play two main roles in the network:

  • Preventing spam. To prevent denial-of-service attacks, each transaction on Stellar attracts a fee of 0.00001 XLM. All accounts on the Stellar network must hold a minimum balance of 0.5 Lumens, a measure designed to declutter the ledger.
  • Facilitating multicurrency transactions. Lumens facilitate trades between fiat currencies, acting as a bridge between currencies that don’t have a large direct market.

The project is backed by the Stellar Development Foundation, whose mission is to promote global financial access, literacy and inclusion.

Keep reading about how Stellar works.

Why buy XLM?

Lumens is the network token, which you can use to:

  • Charge a minor operation fee. A fee of 0.00001 XLM is charged to senders for each operation in a transaction. The fee is purely intended to discourage DDoS attacks, which occur when people flood the network with meaningless transactions.
  • Act as an “entry pass.” You need to hold at least 20 XLM to use the Stellar network.
  • Exchange currencies. If necessary, XLM can act as a universal unit of exchange for transferring currencies.

What to consider before you buy XLM

Cryptocurrencies are highly volatile and complicated assets, so there’s significant risk involved in any crypto purchase. With this in mind, carefully assess the factors that could potentially affect the price of a currency before you buy. If you’re thinking of buying any XLM, remember to consider:

  • Supply. According to CoinMarketCap, in August 2018, the circulating supply of Lumens was 18,771,744,750 XLM out of a total supply of 104,204,519,656 XLM.
  • Inflation. The initial supply of Lumens was 100 billion, but the currency is designed to be inflationary. A fixed inflation rate of 1% per year applies, and all transaction fees paid on the network are recycled.
  • Distribution. Stellar.org plans to distribute the initial supply of 100 billion XLM as follows:
    • 50% given away to individuals who sign up to the network using an invitation link.
    • 25% given away to businesses, governments, institutions or nonprofits that contribute to the growth and adoption of the Stellar network.
    • 20% given away to bitcoin and XRP holders during a giveaway completed in 2016 and 2017.
    • 5% reserved for Stellar.org operational expenses.
  • ICOs. The Stellar network can also be used by new crypto projects looking to launch ICOs. Mobius Network and SureRemit are just a couple of the projects to have launched via Stellar.
  • Competition. Ripple is generally considered to be Stellar’s biggest blockchain-based competitor, so check out our Ripple vs. Stellar comparison to find out how these two projects stack against each other.
  • Partnerships. Stellar’s most notable partnership has seen it join forces with tech giant IBM, but you can find more information about other partners on its site.

The main challenge for Stellar in the months and years ahead will be whether it can achieve widespread adoption. Thoroughly research the ins and outs of the Stellar network, its technology and its purpose so that you can make an informed decision about whether you should buy any XLM.

Frequently asked questions

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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