Stellar Lumens: How to buy, sell or trade XLM in the US | finder.com
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How to buy, sell or trade Stellar Lumens (XLM) in the US

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

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Stellar lets anyone send, receive or trade any kind of currency, whether fiat or crypto, with anyone else in the world almost immediately and at practically no cost.

Lumens (XLM) is the name of the cryptocurrency token, while Stellar is the name of the network as a whole, and it’s a cryptocurrency with a difference.

Find out where to buy, how it all works and what you can use Lumens for.

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. 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.

How to buy Stellar Lumens (XLM)

If you live in the United States, you won’t find a cryptocurrency exchange offering Stellar Lumens for direct purchase.

Instead, the easiest way to buy Stellar is through a two-step process that requires an exchange with another cryptocurrency.

1. Buy some bitcoin or Ether.

Buy bitcoin (BTC) or Ether (ETH) through a cryptocurrency exchange. One of the leaders, Coinbase makes it easy for aspiring crypto chasers to purchase coins.

coinbase

2. Exchange your bitcoin or Ether for Stellar.

After your bitcoin or Ether hits your digital wallet, transfer them to an exchange offering Stellar. Among your options is Binance, which charges some of the lowest fees available in the US.

binance

Exchanges where you can buy, sell or trade Stellar

Name Product Payment Methods Available Fiat Currencies Available Cryptocurrencies
Cryptocurrency
BTC, XRP, USDT, ETH, NEB, XVG, TRX, NEBL, ETH, NEO, FUN, ETC, BCC, POE, DASH, ELF, ICX, BNB, ZRX, APPC & 80+ more
Trade 60+ cryptocurrency pairs on this up-and-coming exchange based in China. Multi-language support.
Cash, BPAY, POLi, Cryptocurrency
AUD
BTC, BCH, ETH, XRP, ADA, XEM, LTC, XLM, MIOTA, TRX, DASH, NEO, XMR, EOS, QTUM, BTG, LSK, ETC, XVG & over 45+ more
CoinSpot is an Australian marketplace that allows you to easily buy, sell or exchange multiple cryptocurrencies using AUD.
Cryptocurrency
-
BTC, ETH, XVG, SC, XRP, DOGE, STRAT, XMR, ADA, OMG, ETC, BCC, XLM, DGB, UKG, QTUM, ZCL, RDD, LTC, NEO & 120+ more
New account registration is currently halted on Bittrex due to a surge in demand.
Cryptocurrency
-
BTC, ETH, XRP, DOGE, XLM, ETC, STRAT, LTC, SC, DGB, BCH, LSK, XMR & 50 more
Trade various coins through a global crypto to crypto exchange based in the US.
Electronic Funds Transfer, SEPA, Wire Transfer *payment methods vary per country
USD, EUR, GBP, JPY, CAD
BTC, BCH, ETH, ETC, XMR, DASH, LTC, XRP, XLM, REP, ICN, MLN, ZEC, USDT, GNO, EOS
Exchange multiple cryptocurrencies through range of payment methods, including Electronic Funds Transfer, SEPA or Wire Transfer.

Compare up to 4 providers

Alternatively, you can trade on the Stellar Decentralized 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 what listings are available at the time.

Exchanges where you can buy or sell crypto with USD

Name Product Payment Methods Available Fiat Currencies Available Cryptocurrencies
Credit card, Debit card
AUD, USD, EUR, GBP, CAD, CNY & 50+ more
BTC, BCH, ETH, LTC
Buy and sell bitcoin, Ethereum, Litecoin and Bitcoin Cash on one of the world's most renowned cryptocurrency exchanges.
Cash, Credit card, Debit card
USD, EUR
BTC, ETH
Use USD/EUR to buy bitcoin and Ether with credit card or cash on the Coinmama cryptocurrency exchange.
Cash, Credit card, Cryptocurrency, Debit card, BPAY, Flexepin, Neosurf, Neteller, M-PESA, PayPal, Perfect Money, WebMoney, Western Union, iDEAL, SEPA, Skrill, SWIFT
AUD, USD, EUR, GBP, CAD, CNY & 50+ more
BTC
Trade fiat currency for bitcoin in person or online with this peer-to-peer exchange offering competitive fees and wide delivery options.
Credit card, Debit card
USD, EUR
BTC, BCH, BTG, ETH, ETC, DASH, DOGE, NEO, OMG, PIVX, SALT, STEEM, USDT, XLM & 50+ more
Access competitive crypto-to-crypto exchange rates for more than 35 cryptocurrencies on this global exchange.

Compare up to 4 providers

Stellar price history graph

Wallets that support Lumens

The primary Stellar wallet is Centaurus, and it is available for Android and iOS. It was specifically designed for Stellar and integrates well with it.

The following wallets also support Lumens:

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

How Stellar works

Stellar is essentially a matchmaker for currencies and facilitates worldwide transfers and exchanges in any fiat currency and cryptocurrency.

It’s much like Ripple. The main differences are more of a focus on simplicity and scalability, as well as on functionality to help move money in remote areas at lower costs.

There are three different ways you can do this.

  • Direct exchange. You can make direct currency exchanges. For example, if one person wants to trade USD for AUD and another person wants to trade AUD for USD, it can match them and automatically carry out the exchange for the requested amounts.
  • Exchange via XLM. Stellar can use XLM as an intermediary currency where the amounts don’t add up or there isn’t a direct exchange available. It simultaneously looks for buy and sell offers for XLM and the needed currencies. Once it finds a good offer, it then handles the exchange.
  • Chain of conversions. If no other options are available, Stellar will try to handle any currency by finding a chain of conversions, such as AUD to BTC to EUR to USD.

The Stellar network is simultaneously doing all of the above at the same time. When you make a transfer, it will aim to provide the best possible rates every time.

If you simply want to send or receive money rather than make an exchange, it can do that by directly connecting individual entities.

The different parts of Stellar

When using the Stellar network, you’ll typically use the ledger and anchors.

  • The ledger. This is a central ledger of every account on the network and the currencies it holds. This information is needed to make transfers around the network.
  • The anchors. These are trusted entities on the network that hold the currencies being transferred. An anchor might be anything from a bank to a person in a remote village who takes the money online and then hands the recipient the cash.

Why buy XLM?

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

  • Charge a very minor operation fee. A fee of 0.00001 XLM (almost nothing) is charged to senders for each operation in a transaction. This is purely intended to discourage DDoS attacks, which occur when people flood the network with meaningless transactions.
  • Act as an “entry pass” of sorts. You need to hold at least 20 XLM to use the Stellar network.
  • Exchange currencies where needed. If necessary, XLM can act as a universal unit of exchange for transferring currencies.

How to sell or trade XLM

  1. Go to the exchange platform you have your Stellar Lumens in. If you have your XLM in a digital wallet, then you can choose whichever platform from the list above that you’d like to complete your sale using.
  2. Transfer your XLM to bitcoin or Ether within the platform.
  3. Still using the platform, follow the steps to sell or trade your bitcoin or Ether.

Security features

One of the notable features is the ability to freeze transfers. For example, you can freeze a transfer if you’ve mistakenly entered the wrong wallet address. This is unlike the irreversible transfers of most other cryptocurrencies.

Once transfers are frozen, the funds are unable to be used by the recipient.

All transactions on the network are public by default, but transactions can be made private and confidential through the use of third-party plugins.

And like other blockchain systems, the Stellar network is a decentralized application run on computers all around the world. This makes it almost entirely failsafe.

If the nonprofit Stellar organization disappeared, its network would keep going.

What to consider when buying Lumens

The initial supply of Lumens was set at around 100 billion XLM, of which around 18 billion are in circulation.

It’s worth considering that Stellar has built inflation into its system by gifting members small amounts of free XLM over time. A fraction of the Lumens collected with each operation goes towards this inflation, along with other XLM released into circulation.

It’s also worth remembering that Stellar is a nonprofit organization aimed at creating a more inclusive world economy for everyone. A high price for Lumens might undermine that goal, prevent people from listing their XLM on the ledger to facilitate exchanges and drive up the average cost of transfers, so there’s a real incentive to keep prices in check.

It’s safe to say XLM prices won’t ever skyrocket in value the way bitcoin has.

However, Stellar has also formed partnerships with companies like IBM and specifically aims to offer low-cost, easy business money transfers. It looks like many organizations are aiming to use Stellar for their money transfer needs, and wider use is likely to cause prices to climb over time.

Buying Lumens also gives users the means to more easily interact with a range of fiat currencies. Forex enthusiasts, frequent travelers or anyone else who can benefit from cheap, quick and easy access to a variety of fiat currencies might get their money’s worth from buying Lumens even if the price doesn’t increase.

If you’re considering what the price of Lumens will do going forward, you might want to compare the features of Stellar and its close counterpart, Ripple. The price increase in Lumens from November 28-30, 2017, saw a corresponding downswing in Ripple at the same time, suggesting that the value of these might be closely tied.

It may also present an investment opportunity for day-trading Ripple or Lumens CFDs, as well as investing by buying.

Find the cheapest way to buy Steller

I want to pay with

and buy $ worth

Based on your answers, we recommend:

Coinbase and Binance.

The final amount you’ll have will vary depending on the price of the coin and any network transaction fees you incur.

Although this purchase method is recommended, you can click the button below to view other available exchanges.

View exchanges

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12 Responses

  1. Default Gravatar
    RickFebruary 7, 2018

    By digital wallet, can I use my laptop or do I have to use my cell phone?

    • Staff
      JhezelynFebruary 16, 2018Staff

      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 check this page 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

  2. Default Gravatar
    JeffJanuary 27, 2018

    How do I transfer XLM lumens from Binance to one of your wallets?

    • Staff
      joshuainfantadoJanuary 27, 2018Staff

      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 here.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  3. Default Gravatar
    JamesJanuary 27, 2018

    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.

    • Staff
      joshuainfantadoJanuary 27, 2018Staff

      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

  4. Default Gravatar
    RainmanJanuary 26, 2018

    I am new to crypto. How do I purchase Stellar (XLM)?
    thank you

    • Staff
      JhezelynJanuary 30, 2018Staff

      Hi Rainman,

      Thank you for your comment.

      There is no cryptocurrency exchange offering XLM for direct purchase yet. To buy this, you check our guide here on how to buy XLM.

      Before you start trading, you should know first the ins and outs of cryptocurrency. You can check out our page here to check how this works.

      Regards,
      Jhezelyn

  5. Default Gravatar
    LarryJanuary 12, 2018

    I would like to invest $500 U S in Stellar for future growth. Is this to small an amount? The Exchanges listed say payment by cryptocurrency which I don’t have. So how can I proceed?

    • Staff
      JoanneJanuary 13, 2018Staff

      Hi Larry,

      Thanks for reaching out.

      In the US there isn’t a cryptocurrency exchange offering Stellar Lumens for direct purchase.

      You can buy Bitcoin or Ether through a cryptocurrency exchange, after your bitcoin or Ether hits your digital wallet, you can transfer them to an exchange offering stellar.

      The page above has the list of exchanges where you can buy bitcoin or Ether and the list of exchanges that supports XLM.

      Cheers,
      Joanne

  6. Default Gravatar
    MikeDecember 14, 2017

    I want to add 1000 to invest in Steller, how do I do this?

    • Staff
      MayDecember 25, 2017Staff

      Hi Mike,

      Thank you for your inquiry.

      If you are looking at investing, you can start purchasing Stellar Lumens (XLM) via the exchanges (listed in the table above). You would also need to sign up for a Stellar Wallet (Stellar supported wallets are also listed above) as well to store your token.

      Please also note of the possible risk associated with all digital currencies, including complete loss of value. Moreover, before purchasing Lumens, it’s is encouraged that you consult the Consumer Advisory brief by the Consumer Financial Protection Bureau (CFPB) on the potential risks associated with digital currencies.

      Hope this helps.

      Cheers,
      May

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