How to Buy Stellar


Converter Stellar to US Dollar












































Stellar Lumens (XLM) is the proprietary cryptocurrency of the decentralised Stellar network, established in 2015. The main goal of the Stellar project is to create a new way for global financial systems to interact and simplify monetary payments and transfers.


What is Stellar
Stellar is a decentralized network of servers running on a native blockchain. All servers communicate with each other directly, on a P2P basis, without control from a centralized source. Any user can connect to the network by verifying their node through the Stellar ConsensusProtocol.
The Lumens Cryptocurrency (XLM) is used to power the network. In most cases, it is used to pay for transactions in the Stellar network. One of the reasons for the popularity of the token is the collaboration with IBM. This helps the project do its job: to regulate cross-border transactions for individuals and financial institutions.
To understand the basic principles of the network, let’s turn to an example.
Where better to buy Stellar
Stellar is a common coin and can be found on various platforms. The coin can be purchased from exchanges, crypto-exchanges, electronic payment systems and banks such as Revolut.
Stellar Buying Instructions
In this step by step guide we will look at one of the most profitable ways to buy XLM. We will also describe the basic principles of buying crypto.
1. Decide on the level of risk
Before buying a coin it is important to weigh all the risks. This is one of the main aspects of working with cryptocurrency. Once you understand all the features of the coin and know you are going to buy Stellar, look into the following points:
- Don’t buy with all your money. Most often traders trade on a percentage of their deposit (this helps reduce risk);
- Do not buy with all your money.
- Don’t buy with your last bit of money. No one knows exactly how the exchange rate of a coin will change. It is important to remain calm and hold the coin for a sufficient amount of time;
- Don’t use money you can’t afford to lose.
2. Choose a crypto-exchange
Now there are many crypto exchanges that provide the opportunity to buy XLM. Each exchange has its own parameters and features. Check the user reviews on the web to make sure you don’t wind up on a scammer. Also, to determine the exchange and not to get confused, you can use our rating of exchangers to buy Stellar.










3. Register your account
Let us take the example of buying at the top exchange Binance. This platform has the highest trading volume but you can choose any other crypto exchange to buy XLM.
To buy a coin, you must first register. Please see our step by step instruction on how to sign up for a new Binance account:
- Open the official Binance page;
- Click on Register in the top right corner;
Binance Exchange Registration - Email or phone number and enter your password Create Account;
Login to Binance - Step the instructions the site shows you
4. Top up your account
Let’s look at the process of funding your account with BUSD Stablecoin and then buying XLM for Binance USD. To do this you need to:
- Click Wallet in the top right corner → click Fiat and Spot;
- Type BUSD in search → Deposit;
Reposit on Binance - Select transfer network → copy the address and paste it into sender wallet or scan the qr code → specify the amount of Binance USD to buy the cryptocurrency → transfer funds;
Fill account to Binance exchange - You have funded your Binance account.
5. Buy Stellar (XLM)
Buying XLM is not a complicated process. To buy Stellar:
- Click Trade → select Spot;
Buying Stellar on Binance - Find XLM/BUSD in the search box → choose this trading pair → state order type, for example Market → type in the amount you wish to buy the coin → Buy XLM;
Buy Stellar on Binance - Purchase Stellar complete.
How to sell Stellar
The process of selling is not much different from buying. In order to sell Stellar:
- Click Trade → select Spot;
Selling Stellar on Binance - Find XLM/BUSD in the search box → select this trading pair → specify order type, for example Market → under sell, write the amount of coin you wish to sell → Sell XLM;
Buying Stellar on Binance - You have successfully sold XLM.
Where to store your XLM
If you do not plan to trade and actively use the cryptocurrency, it is better to store it in “cold” wallets. These are cryptocurrency wallets which do not have a permanent connection to the internet and therefore are better protected. The most popular of these is Ledger, it looks like a flash drive and is widely used by the crypto community.
If you need to trade and use XLM often, you’re better off storing coins in exchanges or hot wallets. They are less secure than cold wallets, but will allow you to quickly withdraw and use your funds. The Trust Wallet and the multifunctional Atomic Wallet are good for such purposes.
When using hot wallets, don’t forget to use a strong password and enable two-factor authentication. This will help increase security and preserve your assets.
How to withdraw Stellar to a wallet?
We’ll look at the Stellar withdrawal example from Binance to TrustWallet. In order to take out the XLM, you need to:
- Click Wallet → Fiat and Spot;
- In the search box, type XLM → Withdraw;
Withdraw Stellar to Wallet - Find XLM in TrustWallet and click Receive;
Withdraw Stellar to Wallet - Copy the address and paste it into the Binance exchange → select transfer network → write number of coins to be transferred → confirm the transaction;
Withdraw Stellar to Wallet - You have successfully transferred money from Binance to TrustWallet.
FAQ
- Click Trade → Select Spot;
- Find XLM/BUSD in the search box → choose this trading pair → set order type, eg Market → write amount for which you want to buy the coin → Buy XLM;
- Purchase Stellar complete













