Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure
eToro USA LLC Cryptocurrency Trading
Stellar (XLM) is in the top 1,000 cryptocurrencies by market cap, valued at $2,463,927,538.
Stellar is a highly volatile asset capable of major price swings in a single day. Today XLM is trading for $0.092839, which is slightly up from yesterday's trading price of $0.0928692475. Stellar's seen a decrease of -57% over the past year.
So before you buy Stellar, make sure you understand these unique risks as well as its legal, regulatory and tax status here in the US.
If you're ready to get started, read on for step-by-step instructions and a list of platforms you can use to buy Stellar.
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
Find an exchange to buy, sell and trade XLM by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Stellar.
Once you've created an account, you will need to deposit funds to buy XLM with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to to buy XLM:
The easiest way to buy XLM is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
You can keep your XLM on the exchange you purchased it on, or move it to a personal wallet:
Ledger Nano X Wallet
★★★★★ 4.6
Trezor Model T Wallet
★★★★★ 4
SafePal S1 Wallet
★★★★★
Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
As with any investment, it is vital you understand the risks and potential upside of the asset before making any financial decision. With regards to XLM, here are a few things you should consider:
Compare today's price of Stellar ($0.092839 USD) against its all-time high (ATH) price of $0.875563 on January 03, 2018. The closer the bar is to 100%, the closer XLM is to reaching its ATH again.
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.
This guide provides step-by-step instructions on how to buy FTX, lists some exchanges where you can get it and provides daily price data on FTT.
This guide provides step-by-step instructions on how to buy Sushi, lists some exchanges where you can get it and provides daily price data on SUSHI.
This guide provides step-by-step instructions on how to buy UMA, lists some exchanges where you can get it and provides daily price data on UMA.
This guide provides step-by-step instructions on how to buy Maker, lists some exchanges where you can get it and provides daily price data on MKR.
This guide provides step-by-step instructions on how to buy Serum, lists some exchanges where you can get it and provides daily price data on SRM.
This guide provides step-by-step instructions on how to buy Reserve Rights, lists some exchanges where you can get it and provides daily price data on RSR.
This guide provides step-by-step instructions on how to buy Alpha Venture DAO, lists some exchanges where you can get it and provides daily price data on ALPHA.
This guide provides step-by-step instructions on how to buy Nexus Mutual, lists some exchanges where you can get it and provides daily price data on NXM.
This guide provides step-by-step instructions on how to buy Voyager VGX, lists some exchanges where you can get it and provides daily price data on VGX.
This guide provides step-by-step instructions on how to buy Curve DAO, lists some exchanges where you can get it and provides daily price data on CRV.
I have traded US $ for Bitcoin on Coinbase.
I have established an account with Binance
How do I transfer Bitcoin to Binance to buy XLM?
Hi Lloyd,
Thanks for getting in touch with finder.
You got an interesting question there, Lloyd.
If you wish to transfer your Bitcoin to Binance, you need the go to Coinbase and select accounts. Next, choose the cryptocurrency that you want to send from your wallets. Enter your Binance address and send your Bitcoin.
Once you have your Bitcoin on your Binance, you can now use it to buy XLM. Using Binance is pretty straightforward. So, I would say you won’t have any trouble buying XLM with your Bitcoin.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
Hi. I Have some unwanted Bitcoin cash. How can I buy lumens with it?
Where would I store the Lumens?
Hi Ray,
Thanks for getting in touch with finder.
There are different ways you can buy lumens with your Bitcoin Cash.
First, you can sell your Bitcoin Cash and turn them into fiat money. From there, you can use your fiat money to buy lumens.
Second, you can find an exchange that allows you to buy lumen with Bitcoin Cash. We also have a page where you will find exchanges that handle Bitcoin Cash.
Third, buy products with your Bitcoin Cash and then sell your purchased product for fiat money. From there, you can again use your fiat money to buy lumens.
I hope this helps. Should you have further questions, please don’t hesitate to reach out again.
Have a wonderful day!
Cheers,
Joshua
By digital wallet, can I use my laptop or do I have to use my cell phone?
Hi Rick,
Thank you for your comment.
With digital wallets, you can actually use both a computer (laptop/desktop) and a cellphone (smartphone). Either way, you have to make sure to follow the standard security best practices when using these devices. I would encourage you to learn more about cryptocurrency wallets including, its types, how it works and even comparative wallets available in the network.
Hope this helps.
Regards,
Jhezelyn
How do I transfer XLM lumens from Binance to one of your wallets?
Hi Jeff,
Please note that we are not the developers of the wallets we feature on our site.
To transfer XLM lumens from Binance to a wallet, you need to have your wallet’s address, copy that, and paste it on Binance. The entire process can vary from one wallet to another.
It would also be helpful if you read our guide on Binance.
I hope this helps. Should you have further questions, please don’t hesitate to reach out again.
Have a wonderful day!
Cheers,
Joshua
In Binance it doesn’t give you the option to setup your bank account. If I ever decide to sell stellar how do I get the funds? I don’t want to exchange it back to bitcoin because I will loose money.
Hi James,
To sell Stellar, you can find someone who wants to pay you with fiat money. You can just send your bank account details for that person to pay them and simply transfer your Stellar via Binance.
Another way for you to sell Stellar is to find an exchange that supports the coin that you have. You must also see to it that the exchange allows you to sell bitcoins. Generally, if the exchange allows you to sell, they would ask for your bank account info so the exchange can forward your money to your bank.
Alternatively, you can use other wallets or exchanges that allow you to set up your bank account. You will find out more about that by reviewing our table found under the subheading, “Exchanges where you can buy or sell crypto with USD.”
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua Infantado