- Buy XLM and 50+ other cryptos
- Pay by bank transfer, PayPal, credit or debit card
- Take advantage of a wide range of extra features
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
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.
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.
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.
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:
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.
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.
When using the Stellar network, you’ll typically use the ledger and anchors.
Lumens is the network token, which you can use it to do the following:
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 decentralised application run on computers all around the world. This makes it almost entirely failsafe.
If the nonprofit Stellar organisation disappeared, its network would keep going.
It’s worth considering that Stellar has built inflation into its system, in the form of members getting gifted 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 organisation 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 organisations are aiming to use Stellar for their money transfer needs and wider use is likely to see prices climb over time.
Buying Lumens also gives users the means to more easily interact with a range of fiat currencies. Forex enthusiasts, frequent travellers 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 forwards, you might want to compare the features of Stellar and its close counterpart Ripple. The price increase in Lumens from 28-30 November 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.
Learn more about the REN cryptocurrency in this beginner’s and buyer’s guide.
Learn more about the COMP cryptocurrency in this beginner’s and buyer’s guide.
Learn more about the BNT cryptocurrency in this beginner’s and buyer’s guide.
Learn more about the RUNE cryptocurrency with this beginner’s and buyer’s guide.
Learn more about the YFI cryptocurrency in this beginner’s and buyer’s guide.
Find out about the range of trading options available with ICICI Direct, and the pros and cons to consider.
Confused about DeFi? Find out how it works in this easy-to-read guide.
If you’re shopping for a face mask you can wash and wear again and again, here’s a list of online retailers you can rely on.
Learn more about the Crypto.com platform in our complete review.
When it’s time to restock your supply of household tissues, you can do so from your favourite spot on the sofa at any of these six online retailers.
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.