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How to Buy Stellar Lumens (XLM) Online in 2024
Stellar Lumens (XLM) is a payment cryptocurrency that facilitates transactions at ultra-low fees. It’s often compared to XRP due to its similarities. However, XLM is targeted more at individuals while Ripple is focused on banks.
Once you have determined Stellar Lumens is worth adding to your portfolio, you’ll need to use a crypto platform to buy the coin. The best options are cryptocurrency exchanges and brokers, which have straightforward trading software, excellent security, and multiple trading pairs. This guide explores where to buy Stellar Lumens at low fees, along with the best wallets for short or long-term storage.
Best Exchanges to Buy Stellar Lumens
eToro – The Overall Best Way to Buy XLM
eToro is fantastic for its ease of use, making it the overall best option for beginners. This broker provides everything a trader needs, such as demo accounts, copy trading, and crypto news with analytics. Also, eToro has integrated popular payment methods for convenience, like PayPal, Skrill, Neteller, and more.
| 💰 Trade Values: | CFDs, ETFs, Currencies, Indices, Cryptocurrencies, Stocks, and Commodities. |
| 📊 Software: | Website and smartphone app. |
| 🏆 Demo Account Available: | Yes |
| 📺 Ease of Use: | Excellent |
| ⭐ Our Rating: | 5/5 |
| 📱 App Available: | iOS and Android |
| 🧩 Regulation: | CySec and FCA |
| 💰 Fees: | 1% of purchase order |
| 🔁 CFDs Available: | Yes |
| ⚽ Social Trading: | Yes |
Best Platforms to Buy and Trade Stellar Lumens
The following section will dive into the overall best platforms for trading Stellar Lumens.
Buy Stellar Lumens Using Cryptocurrency Brokers – The Easiest Way
Brokers offer the best process for buying Stellar Lumens thanks to their easily understandable trading interfaces. Underneath, you’ll find our top 3 picks along with mini-reviews.
| Provider | Fee (USD 1000) | Get Started |
| 🥇 eToro | 1% fee for buying or selling crypto. | Start with eToro now |
| 🥈 Coinbase | $0 to $6; varies based on trading volume. | Start with Coinbase now |
| 🥉 Binance | $0 to $6; varies based on trading volume. | Start with Binance now |
eToro
Beginners will find eToro the easiest to use because it doesn’t feature complicated trading software. Also, the broker provides a demo account, so you can test the service before using it.
Coinbase
Coinbase is another excellent cryptocurrency exchange focused on making cryptocurrency accessible to beginners. The service provides educational resources to the users, a wallet for storing XLM, and many other features.
Binance
Binance provides a wide range of services such as spot trading, instant buy with debit/credit card, and Simple Earn product for XLM. Moreover, this exchange has one of the best and cheapest fee structures which can be further reduced by 25% by using BNB (native token) to pay the fees.
Buy Stellar Lumens on eToro: Step-By-Step Guide
Step 1: Open eToro
Go to the official eToro website and press the “Start Investing” button at the center of the screen. Now type in your username, email, and password, and accept the terms & conditions. Next, access your dashboard and verify your email.
Step 2: Verify Your Identity
Provide eToro with your personal information like your name, surname, and physical address. Then verify your identity by uploading a picture of your passport, driver’s license, or ID card.
Step 3: Deposit
Multiple deposit methods are available to fund your eToro account. Select the payment method of your choice and proceed to the next steps.
Step 4: Buy XLM
Head to the cryptocurrency section and select the crypto you want to buy (XLM in this example). Click “Trade” and input how much fiat you want to convert to XLM or any other crypto of your choice. Finally, press “Open Trade” to acquire the crypto.
Step 5: Send Stellar Lumens to a Wallet
To send XLM to your wallet go to the cryptocurrency tab and choose the cryptocurrency you want to transfer. Then click “Transfer to Wallet” and the specified amount to send.
Best Wallet to Buy and Store Stellar Lumens – XLM Wallet Comparison
Once you invest in XLM, you’ll want to store it in your cryptocurrency wallet for enhanced protection. Exchanges can be targets for hackers, making your funds vulnerable if they are not insured. Therefore, using a wallet, especially a hardware wallet is ideal as only you have the access to the keys for accessing your crypto funds. Remember, not your keys, not your crypto. Here are the overall best options for storing Stellar Lumens.
| Provider | Wallet Type | Get Started |
| 🥇 Ledger Nano X | Hardware | Start with Ledger now |
| 🥈 Trezor Model T | Hardware | Start with Trezor now |
| 🥉 Atomic Wallet | Software | Start with Atomic Wallet now |
How to Sell Stellar Lumens in 2024 Using eToro?
Step 1: Log in
Log in to your eToro account and click on Portfolio from the left. This will display the details about your cryptocurrency holdings.
Step 2: Click on the Red Cross Button
Click on the cryptocurrency from the portfolio you want to sell and click on the red cross button at the far right.
Step 3: Click on the Close Trade Button.
A pop-up will appear displaying the details on live rates. Review the details and click on the Close Trade button.
Buy Stellar Lumens Using CFDs – Best for Trading
If you do not require ownership of your XLM coins, you may want to invest via CFDs. These derivative products issued by cryptocurrency brokers let you speculate on the future value of Stellar Lumens. However, In the United States, CFD trading is considered to be an illegal activity. This can be attributed to CFD’s status as an over-the-counter (OTC) product. As a result, CFD trading systems are not available in the United States. The opening of a CFD account on local and international platforms is prohibited by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
Best Apps to Buy Stellar Lumens – Most Convenient
Most exchanges have downloadable apps that let you trade and manage your account without being restricted to a physical location. Below are the overall best smartphone apps available on iOS and Android devices.
| Provider | Fee (USD 1000) | Get Started |
| 🥇 Coinbase | $0 to $6; varies based on the price structure. | Download now |
| 🥈 Crypto.com | $0 to $0.75; varies based on trading volume. | Download now |
| 🥉 Kraken | $0 to $2.6; varies based on trading volume. | Download now |
Buy Stellar Lumens on eToro App: Step-By-Step Guide
Step 1: Create an Account
Sign up for a new account with eToro and provide your personal details.
Step 2: Verification
Next, verify your information so you can begin trading DOT.
Step 3: Deposit Money
Then deposit money into your account using one of the multiple payment methods.
Step 4: Buy XLM
Open the cryptocurrency section and find XLM. Click on the crypto, and a buy page will prompt up. Now input the amount you want to purchase and click “Open Trade” to finish.
Buy Stellar Lumens On eToro Now
Buy Stellar Lumens With Exchanges – The Cheapest Way
Binance, KuCoin, and Kraken provide an excellent trading experience at low fees. Also, paying with BNB or KCS on their main platforms will lead to discounts on fees.
| Provider | Fee (USD 1000) | Get Started |
| 🥇 Binance | $0 to $6; varies based on trading volume. | Start with Binance now |
| 🥈 Bitstamp | $0 to $4; varies based on trading volume. | Start with Bitstamp now |
| 🥉 Kraken | $0 to $2.6; varies based on trading volume. | Start with Kraken now |
Buy Stellar Lumens on Binance: Step-by-Step Guide
Step 1: Open Binance and Register
Go to the Binance homepage and press the register button at the top. Then provide your email and a password. Next, verify your email address and provide Binance with information about yourself. Then verify your identity by uploading a picture of your government-issued document.
Step 2: Deposit
Now, deposit funds into Binance using your preferred payment method.
Step 3: Open the Trading Interface
Next, open the trading interface and search for XLM. Then click the relevant trading pair to the currency you’ve deposited.
Step 4: Complete the Trade
Finally, fill out the box at the centre of the screen. Choose the order type and the amount of money you want to exchange, then click the “Buy” button to complete the transaction.
Step 5: Confirm the Transaction Using the Blockchain Explorer
Blockchain technology is extremely transparent, and you can view all historical transactions. Websites like Etherscan, Polkascan, and BscScan are great for seeing the progress of your transfers. To track the XLM transactions, you can use Stellarscan.
Buy Stellar Lumens On Binance
Buy Stellar Lumens Using Decentralized Exchanges (DEX) – The New Way
Decentralized exchanges allow users to buy and sell cryptocurrencies like Stellar Lumens without revealing their identity. To use the DEX, you will need to connect your cryptocurrency wallet loaded with some funds. Underneath are the overall best DEXs for trading XLM.
| Provider | Fee (USD 1000) | Get Started |
| 🥇 StellarX | Varies | Get started now |
| 🥈 Lumenswap | Varies | Get started now |
Buy Stellar Lumens on PancakeSwap: Step-By-Step Guide
You cannot buy Stellar Lumens on PancakeSwap because this DEX has been designed and built on top of the BNB Smart Chain to facilitate the BEP-20 transactions. On the other side, Stellar leverages its own network for storing and movement of funds.
Can You Buy Stellar Lumens Using P2P Services?
There are no P2P platforms that are trustworthy or provide a reliable service for Stellar Lumens.
Can You Buy Stellar Lumens Using Other Trading Platforms?
Here you can analyze which platforms offer Stellar Lumens and the expected fee rates. Also, you can read our in-depth reviews to learn more about the exchange.
| Cryptocurrency Platform | Can You Buy XLM? | Fee (USD 1000) | Review |
| Binance | Yes | $0 to $6; varies based on trading volume. | Binance review |
| TD Ameritrade | No | N/A | N/A |
| Bitstamp | Yes | $0 to $4; varies based on trading volume. | Bitstamp review |
| Bittrex | Yes | $0 to $3.5; varies based on trading volume. | Bittrex review |
| Coinbase | Yes | $0 to $6; varies based on trading volume. | Coinbase review |
| BitMart | Yes | $0.6 to $2.5; varies based on trading volume. | N/A |
| Crypto.com | Yes | $0 to $0.75; varies based on trading volume. | N/A |
| EtherDelta | No | N/A | N/A |
| E*TRADE | No | N/A | N/A |
| Fidelity | No | N/A | N/A |
| Kraken | Yes | $0 to $2.6; varies based on trading volume. | Kraken review |
| Robinhood | No | N/A | N/A |
| Uphold | Yes | Market Spread | N/A |
| Venmo | No | N/A | N/A |
What Is the Difference Between Buying Stellar Lumens and CFDs?
When investing in cryptocurrencies, you have a decision to make – buy real cryptocurrency or CFDs. Buying from an exchange means you’ll purchase coins you can withdraw, spend, and store in a wallet. On the other hand, brokers issuing CFDs often are easier to use, making them ideal for beginners. However, these are derivative products, so you will not convey ownership of XLM coins. Therefore, you will not have the option to withdraw XLM CFDs or spend them on products or services.
- Buying CFDs is an easier way to invest in XLM.
- No market liquidity issues with CFDs.
- You can long/short CFDs.
- No need to store your XLM securely.
- You will own a derivative product and not have ownership of real Stellar Lumens tokens.
- Cannot lend XLM to earn interest.
- Cannot spend your XLM.
- Brokers providing Stellar Lumens CFDs have higher fees on average compared to exchanges.
However, CFD trading is treated as an illegal event in the United States. This can be traced back to the fact that CFD is an over-the-counter (OTC) product. Hence, you cannot find platforms in the United States offering CFD trading. SEC (Securities and Exchange Commission) and the Commodity Futures Trading Commission (CFTC) prohibit the citizens and residents of the United States to open a CFD account on domestic and foreign applications.
Best Ways to Buy Stellar Lumens
This section highlights which payment methods are best for certain cryptocurrency platforms.
Buy Stellar Lumens Instantly With Online Banking – The Fastest Way
The best platform for online banking is Binance, as deposits are fast and secure. Moreover, this exchange will save your information, making future deposits convenient.
Buy Stellar Lumens With PayPal – The Safest Way
eToro has integrated PayPal as a deposit method on their platform. This broker is regulated by CySEC, making it trustworthy and safe to use.
Buy Stellar Lumens Using a Debit Card – The Cheapest Way
To buy XLM cheaply with a debit card, you’ll want to use it as a deposit method on Binance and spot trade. Avoid using the instant buy section because this will encounter significantly higher fees.
Buy Stellar Lumens Using a Credit Card
Crypto.com is one of the best options for buying Stellar Lumens with a credit card. This platform will also save your details to make future payments easier.
Best Platforms to Buy Stellar Lumens in Other Countries
Here, you can explore which platforms are the best to use in different countries. Also, you’ll find out the provider type along with the starting fee rates.
| Country to Buy XLM in | Best Provider | Provider Type | Fee |
| Australia | Coinbase | Exchange | 0% to 0.6%, varies based on price structure |
| UK | Coinbase | Exchange | 0% to 0.6%, varies based on price structure |
| Bangladesh | eToro | Broker | 1% fee for buying or selling crypto. |
| Canada | NDAX | Exchange | 0.2% for buying and selling crypto |
| Hawaii | CEX.io | Exchange | 0% to 0.25%; varies based on trading volume. |
| India | WazirX | Exchange | Starting from 0.2%; varies based on trading volume. |
| Japan | BitFlyer | Exchange | No trading fee |
| Nepal | Kraken | Exchange | 0% to 0.0500%; varies based on the trading volume. |
| New Zealand | Binance | Exchange | 0.02% to 0.10%; varies based on trading volume. |
| Pakistan | KuCoin | Exchange | 0.03% to 0.10%; varies based on trading volume. |
| Philippines | Binance | Exchange | 0.02% to 0.10%; varies based on trading volume |
| Singapore | Crypto.com | Exchange | 0% to 0.0750%; varies based on trading volume. |
| South Africa | eToro | Exchange | 1% fee for buying or selling crypto. |
| UAE | Coinbase | Exchange | 0% to 0.6%, varies based on price structure |
What Are the Fees When Buying Stellar Lumens?
These are the fees you’ll pay for buying $1,000 worth of Stellar Lumens and holding for 30 days on the following cryptocurrency platforms:
| Platform | eToro Broker | Bitstamp | Binance US |
| Deposit Fees | $0 | $0 | $0 |
| Purchase Fees | $10 | $0 to $4 | $0 to $6 |
| Holding Fees | $0 | $0 | $0 |
| Selling Fees | $10 | $0 to $4 | $0 to $6 |
| Payout Fees | $5 | 0.005 XLM | 0.01 XLM |
| Total Fees | $25 | $0 to $4 | $17 |
Cheapest Way to Buy XLM
Below you’ll find the cheapest exchanges that offer multiple trading pairs for XLM. These platforms use a tier system that calculates fees based on your 30-day trading volume.
| Provider | Fee (USD 1000) | Get Started |
| 🥇 Binance | $0 to $6; varies based on trading volume. | Download now |
| 🥈 Bitstamp | $0 to $4; varies based on trading volume. | Download now |
| 🥉 Kraken | $0 to $2.6; varies based on trading volume. | Download now |
Fastest Way to Buy XLM
You can quickly buy XLM using the instant buy section exchanges provide. Alternatively, eToro is the best choice for speed and reliability if you prefer buying CFDs.
| Provider | Fee (USD 1000) | Get Started |
| 🥇 eToro | 1% fee for buying or selling crypto. | Get started now |
| 🥈 Coinbase | $0 to $6; varies based on the pricing structure. | Get started now |
| 🥉 Binance | $0 to $6; varies based on trading volume. | Get started now |
How to Buy Stellar Lumens Anonymously?
Here we’ll outline how to buy Stellar Lumens anonymously or without registration.
How to Buy Stellar Lumens Without Registration or KYC?
The best method of acquiring XLM without KYC is by using a decentralized exchange. These are dApps built on the blockchain that use liquidity pools to facilitate trades. The top Stellar Lumens DEXs are StellarX and Lumenswap.
How to Buy Stellar Lumens Without Verification?
You can sign up to KuCoin and deposit cryptocurrencies to swap for XLM without verifying your identity. However, this platform is not licensed to operate in the United States. You can navigate to the decentralized exchanges designed for the Stellar Lumen ecosystem.
Can You Buy Stellar Lumens Offline?
No, you cannot buy Stellar Lumens (XLM) offline like with Bitcoin since there are no trustworthy XLM paper wallet generators.
Should You Buy or Sell Stellar Lumens?
Ultimately, buying or selling Stellar Lumens should be based on your analysis and research. However, to help you decide, here are some quick pros and cons of XLM.
| Why should you buy Stellar Lumens? | Why should you sell Stellar Lumens? |
| Can process thousands of transactions per second. | Volatile price |
| XLM supports smart contracts. | High competition from other payment coins like XRP and Monero. |
| Fast transfer speeds. | Weak performance since the start of 2022. |
| Low fees for sending money. | The circulating supply is low. |
| Users can enable multi-signatures with Stellar. |
Do You Need to Pay Tax on Stellar Lumens in the US?
Those living in the US must pay taxes on crypto profits. The percentage you’ll pay is based on several factors, which vary between states. Therefore, for the most accurate information, you should visit your state’s government websites that expand more on this topic.
Stellar Lumens Price Prediction: What Is the Future of XLM?
Now we’ll discuss what the potential future of XLM could be and the main factors impacting its price. Here’s how the coin is doing today:
What Impacts Stellar Lumens Price?
These are the main things that can swing XLM’s value:
-
Partnerships: Stellar Lumens acquiring new partnerships is bullish news and will increase its value.
-
Demand: Increased demand will boost XLM’s value as more investors are willing to pay extra for each coin.
-
Market Performance: One of the most important factors is how the market is currently performing. Bull markets are great for growth, and we can expect to see prices rise as more money flows into altcoins. However, this is the complete opposite during bear markets since investors deem crypto too risky to buy during this period.
-
Cryptocurrency Adoption: Stellar Lumens is an excellent payment cryptocurrency because of its ultra-low fees and fast transfer times. Therefore, businesses are more inclined to add this coin as a payment option due to its convenience. As a result, XLM’s price increases as it gains more widespread adoption.
-
Marketing: Promotions and advertisements will help Stellar Lumens by making it more visible to potential investors. Also, a solid social media presence is great since those interested in XLM can see new partnerships and developments.
Historical Stellar Lumens Course: Major Milestones in the History of Stellar Lumens
This graph shows XLM’s historical price milestones since its creation in 2014.
Current Price Prediction News
Here are some price prediction articles you may find helpful for deciding if XLM is worth holding short or long-term.
Other Ways to Make Money With Stellar Lumens in 2024
Here, you can learn about various ways to make money with Stellar Lumens.
Stake Stellar Lumens Using DeFi or CeFi
Staking is not available for Stellar Lumens.
Buy Stellar Lumens Using ETPs (ETFs & ETNs)
Exchange-traded products are securities traded on the stock exchange. 21shares provides Stellar Lumens ETPs under the ticker “AXLM”.
Buy and Sell NFTs Using XLM
Non-fungible tokens allow ownership over digital assets stored on the blockchain. You can buy XLM NFTs in the StellarNFT marketplace.
Buy Stocks and Shares in Companies Owning Stellar Lumens
IBM, one of the technology giants has partnered with Stellar. You can buy the stock of IBM from eToro.
Stellar Lumens Mining
Stellar Lumens cannot be mined.
Use Stellar Lumens Faucets
Coinbase offers the best experience for faucets as you can see beforehand the expected rewards for completing a course or task.
What Cryptocurrencies Are Similar to Stellar Lumens?
Here are similar payment cryptocurrencies worth researching:
| Coin | Symbol | Learn how to buy |
| Ripple | XRP | Buy Ripple |
| Monero | XMR | Buy Monero |
| Binance Coin | BNB | Buy Binance Coin |
| Litecoin | LTC | Buy Litecoin |
| Algorand | ALGO | Buy Algorand |
Is It Still Worth Investing in Stellar Lumens or Not?
We believe that Stellar Lumens is worth holding because it has many use cases and has secured multiple partnerships. However, altcoins like XLM are highly risky assets. Therefore, you should do your own in-depth research to determine if it’s worth buying. Note: Not a Financial Advice (NFA).
FAQs
What Is the Best Provider to Buy Stellar Lumens in the US?
The top provider in the United States is eToro due to its beginner-friendly services. You can copy successful portfolios, test the software with a demo account, and take courses to increase your trading knowledge.
What Is the Cheapest Provider to Buy Stellar Lumens in the US?
Binance.US is known for offering a cheap trading fee structure, making this exchange one of the cheapest to use. Also, you can use the native token of Binance viz.BNB to pay for fees and receive a 25% discount.
Is It Worth Investing in Stellar Lumens Right Now?
It’s worth allocating a small portion of your portfolio into Stellar Lumens because it has performed well during bull runs and has secured great partnerships.
Is There a Limit to How Many XLM I Can Buy?
Exchanges will have limits based on how much liquidity they can provide. However, brokers have no limits since liquidity is not an issue.
Can You Buy Stellar Lumens on the Blockchain?
No, you must use a cryptocurrency platform to buy Stellar Lumens. There is no option to acquire XLM directly from the blockchain.
What Can You Buy With Stellar Lumens?
Many online platforms accept XLM as a payment method for its efficiency and low transfer fees. Here are the top brands:
-
Travala
-
IBM
-
Stripe
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Leeco
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Moni
Find Out More About Smart Contract Tokens
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