The Beginner’s Guide to Stellar Lumens
For storing and transporting cryptocurrency globally, Stellar’s decentralized blockchain network provides a quicker, cheaper, and more efficient method known as Lumen or its ticker XLM. The term “buying Stellar Lumens” or simply “buying XLM” may be used to describe the process of purchasing Lumen currency.
To begin with, what is XLM?
As a result of this purpose, the Stellar network was launched in 2014. When it realized that blockchain technology might be used to link banks, it swiftly shifted its emphasis.
Cross-border asset trading is made more inexpensive by Lumens, placing pressure on traditional payment providers that charge high fees for comparable services.
Blockchain technology is all about decentralization, and Stellar Lumens, like many other cryptocurrencies, focuses on this aspect of its use case. In addition, there are blockchain exchangers where you can easily exchange one cryptocurrency for another in real time. Thus, Polygon to USD converter can exchange any cryptocurrencies, including XLM.
Buying Lumens Coin: The Best Places to Do So
Make sure that the cryptocurrency exchange you use supports the XLM token before investing in Stellar. This coin has a plethora of staking plans to choose from.
You may invest in Stellar Lumens using one of the cryptocurrency services we’ve examined in our guide.
1. In general, the best place to purchase Stellar Lumens is on eToro.
eToro is the finest site for buying Stellar Lumens. To buy XLM, you must pay a spread-only commission. In this case, you’ll have to pay the difference between the current market price and what you were quoted.
Discounts are also available for dealers with large volumes of business. Buying Bitcoin comes with a 0.75 percent transaction fee. When compared to many other platforms, this is a good price.
One of the most prominent crypto trading platforms, eToro is regulated by the FCA, SEC, ASIC, CySec, and FINRA.
2. Using a Debit Card to Purchase Lumens Coin is Simple with Crypto.com.
The Crypto.com logo is a renowned online cryptocurrency exchange that provides users with a simple but cost-effective way to invest in XLM and other cryptocurrencies.
After joining up, proving your identification, and performing other basic activities like depositing, the site aims to make it simple for users to acquire Lumens coins by registering their personal information. After completing these procedures, you’ll be able to use your debit card to buy XLM tokens.
Lumens may be purchased on Crypto.com with Visa and MasterCard credit cards.
3. Today, the easiest way to buy Lumens Coin is via the Coinbase platform.
When it comes to an easy-to-use crypto platform that allows coinbase logo buyers and sellers from across the globe to trade, Coinbase is a solid choice. Founded in 2012, the firm was started by three ex-colleagues who couldn’t open a bank account because of their startup/small business status.
With over 90 million customers, it is currently one of the most reputable bitcoin exchanges in the United States and the rest of the globe. Overall, it has a strong reputation for purchasing cryptos, including the ability to purchase Stellar Lumens directly with fiat cash or exchange LTC to XLM.
Is Stellar Lumens a Smart Buy?
Cryptocurrencies are the newest financial trend, with unrivaled rewards. As Bitcoin and Ethereum prices have stabilized, many investors have turned to altcoins. They perceive more profit potential in cryptocurrencies due to their higher volatility.
Cryptocurrencies are gaining popularity, but which one should you buy? Only a few pennies last a lifetime. If you wish to invest in these ‘riskier’ assets, you’ll need to complete your research and identify those coins that are worth enough to invest in.
