• 6d

    Weekly Digest: El Salvador Shows Green To BTC with Cryptopolitan

  • 1w

    Orbuculum: CAKE Price Analysis and Mid-Term Price Prediction

  • 1w

    DeFying Gravity: Sportemon Go — Sporty Kiddo Of AR And Blockchain

  • 1w

    Rolling Stocks: The Train Of Mass Adoption Is Fueled By Verge

  • 1w

    Weekly Digest: Barriers On The Road To ETH 2.0 with TheNewsCrypto

  • 2w

    DeFying Gravity: Ghostface Token — To Buy Or To Get Scared Of?

  • 2w

    Weekly Digest: Viagra, Launches & Price Surges With Coindoo

  • 3w

    DeFying Gravity: CumRoсket — A Token For Those Who Likes It Hot

  • 3w

    Orbuculum: ETC Price Analysis and Mid-term Price Prediction

  • 3w

    Minefield: The Essentials You Should Know About Chia Coin Mining

  • 3w

    Weekly Digest: BSC & DeFi Hacks, USDT On Avalanche With Coinfomania

  • 4w

    DeFying Gravity: Stopelon — The First Crypto Taking It Personal

  • 4w

    Minefield: Pros and Cons of Cryptocurrency Mining Hardware

  • 4w

    Orbuculum: VeChain Price Analysis and Mid-term Price Prediction

  • 1m

    DeFying Gravity: Safemoon Cash — An Ephemeral Or A Real Thing?

  • 1m

    Weekly Digest: Initial Offerings & Listings With AMB Crypto

  • 1m

    Rolling Stocks: How Binance Coin CeDeFied The World

  • 1m

    Minefield: Which Mining Method Is The Best?

  • 1m

    Weekly Digest: Buterin Became a Billionaire As Hotbit Got Hacked

  • 1m

    Minefield: An Introduction to Cryptocurrency Mining

  • 1m

    Orbuculum: Dogecoin Price Analysis and Mid-term Price Prediction 

  • 1m

    Weekly Digest: Eminem, Pancakes & Kurt Cobain's Last Photoshoot

  • 1m

    NFTs Minted Today Could Become Nonexistent Several Years From Now

  • 1m

    Weekly Digest: Uniswap V3 & Turkish Ban

  • 1m

    Orbuculum: EOS Price Analysis and Prediction for Q2 2021

  • 1m

    Rolling Stocks: Cartesi Taken To The Next Level

  • 2m

    Weekly Digest: Coinbase on NASDAQ & DOGE Barking at the Moon

  • 2m

    Rolling Stocks: Following Cardano On The Road To The Top

  • 2m

    Eco-Activists Are Concerned With Crypto Mining. What About Fiat?

  • 2m

    Hot Digest: V Is For VeChain

  • 2m

    Weekly Digest: From CZ's Diamond Hands To North Korean Hackers

  • 2m

    Watchdogs: Ripple Coin Analysis Amid SEC Lawsuit

  • 2m

    Hot Digest: Getting The Crypto Jokes You Might Have Missed

  • 2m

    Weekly Digest: A Journey With The Dogg & ADA Block Production

  • 2m

    Amidst The Gold Rush: How NFT-Scammers Cash In On Stolen Art

  • 2m

    Weekly Digest: From NFTs to BTC Donations with Tony Vlachakis

  • 2m

    EIP-1559: Users vs Miners

  • 2m

    Hot Digest: Catching The Waves Of NFT

  • 2m

    Weekly Digest: Tony Hawk, TRC-721 & 3 Years For Twitter Hack

  • 3m

    How Non-fungible Tokens Save Works of Art on Blockchain

  • 3m

    Elon’s In-Tweet Romance With Doge: How Does It Impact Crypto?

  • 3m

    Weekly Digest: NFT Frenzy & IOTA

  • 3m

    Blockchain Nodes Provider GetBlock Adds Support to Binance Smart Chain

  • 3m

    Weekly Digest: Leverage, Bitcoin Salary & Funding Book

  • 3m

    India’s Crypto Ban: Invest, Flog Off, Never Profit

  • 9m

    What Is Stellar And How To Buy It

  • Load more
Tue, Sep 1, 2020 8:50 PM

What Is Stellar And How To Buy It

CJ an astronaut

Stellar is a fully decentralized blockchain-powered consensus platform. It supports easy conversion of crypto and fiat currencies, allows multi-currency transactions. The system is equipped with a built-in decentralized exchange that can be used to trade any currencies or assets.

This is an open-source project, and it speaks of its transparency. It is launched as a fork of another well-known Ripple platform.

What is Stellar Lumen (XLM)

The fundamental crypto asset of the Stellar system is the Lumen cryptocurrency (XLM). Stellar coin mining is not provided, so the total amount is not expected to increase. At the time of writing, the total amount listed on CoinMarketCap is 50,001,803,757 XLM with 41% in active circulation.

What are the main features and key value of Stellar (XLM)

It is a universal global exchange system that allows one thousand exchanges per second. Transactions are fast, unlike most other platforms that exchange cryptocurrencies for fiat and vice versa.

Fees are much lower than in other blockchain systems (on average 0.00001 XLM, that is, less than $0.01).

Where and how to buy XLM Coin

Here are the most convenient exchanges to buy: Coinbase, Kraken, Binance, Bittrex, Bitfinex, Upbit, Coincheck, Huobi, NovaDAX, GMO Coin.

The developers of this cryptosystem, the Stellar Development Foundation, offer their own XLM trading platform: Stellar X.

Stellar X benefits:

  • Native service from XLM creators looks generally more reliable.
  • Trade without additional costs, no fees. Platform compensates network costs.
  • Simplified mechanism for buying Stellar XLM with fiat currencies.
  • Direct peer-to-peer trading, without intermediaries.

Stellar tokens

How to buy Stellar Lumen (XLM)

  • Create a wallet for XLM. This can be either a hardware wallet or an electronic wallet. Examples: Ledger, Blockchain.com, Stellar Desktop Client, and others.
  • With one of the above exchanges, buy Lumen, either for fiat or for other cryptocurrencies (BTC, ETH, etc.), and select your wallet for crediting.

XLM news and price prediction

Stellar was launched in August 2014 and its price until spring 2017 remained at an almost unchanged level of near $0.002 for a long time. In January 2018, the price made a sharp jump to $0.869, then dropped and began to move up and down further. It has been quite volatile for 2020 but overall has grown from $0.045 to $0.095 at the time of this writing.

Stellar charts

Now users and experts ask many questions like: will XLM cost $1 or how will it behave in the next 5 years? But it is difficult to make such long-term predictions definitively. Nevertheless, experts consider Stellar as one of the possible participants in Altcoin Season. Moreover, renowned crypto analyst Michaël van de Poppe reviewed the key indicators and conditions under which XLM Coin price can reach $0.30.

In general, Stellar looks interesting in terms of technology, but the risks and price volatility for small altcoins should be taken into the account.

Stay in touch!

Subscribe to our weekеly newsletter!