What is Stellar (XLM) Coin
Put simply, Stellar is an open network that allows money to be moved and stored. When it was released in July 2014, one of its goals was boosting financial inclusion by reaching the world’s unbanked — but soon afterwards, its priorities shifted to helping financial firms connect with one another through blockchain technology.
The network’s native token, lumens, serves as a bridge that makes it less expensive to trade assets across borders. All of this aims to challenge existing payment providers, who often charge high fees for a similar service.
If all of this sounds familiar, it is worth noting that Stellar was originally based on the Ripple Labs protocol. The blockchain was created as a result of hard fork, and the code was subsequently rewritten.
- Stellar is an open-source network with the mission to “create equitable access to the global financial system“. Stellar is maintained by the Stellar Development Foundation, a non-profit organization established in 2014.
- Its goal is to build a global financial infrastructure that makes it easy to move traditional forms of money and access new markets. This goal is realised by faciliating transactions of digital representations of currencies (such as USD, EUR, BTC, etc) on a single ledger.
- Stellar uses the Stellar Consensus Protocol for achieving network consensus, which is based on Federated Byzantine Agreement. Stellar provides various Software Development Kits and APIs to make building on and using Stellar as accessible as possible.
- Stellar’s token, the Lumen (XLM), is used for staking and constitutes the payment method for all services the system provides.
How To Buy Stellar (XLM) Coin
1.Step: Everyone who is planning to invest in or benefit from the advantages of cryptocurrencies wonders the answer to Where to buy Xlm coin question. First, you need an online wallet to buy cryptocurrencies. You need to sign up to Binance exchange from here, which is preferred globally to buy coins and you can buy coins with fiat currencies. You can quickly access many assets and trade types such as altcoins, future markets, and margin by creating a Binance account.
2.Step: Complete your registration by typing an email to the email section or typing your phone number on the section available on the mobile tab. Click/tap on the “Buy Crypto with Your Credit Card” option after the registration and verify your identity.
3.Step: Continue the process by typing the amount you would like to invest and your preferred cryptocurrency. Keep in mind that for security reasons, your credit card/debit cardholder information must match with the name available on your account. If you would like to buy cryptocurrencies with a wire transfer, you need to follow the Buy Crypto > Third-Party Payment options to pick your preferred fiat currency to buy cryptocurrencies.
4.Step: If the cryptocurrency you are planning to buy is not available on the list, buy USDT “You can always redeem 1 USDT Coin for US $1.00”. You can buy any coin you want with USDT by following Buy-Sell > Classic steps. We have provided the answer to How to buy Stellar coin, now you can view the cryptocurrencies you bought by clicking on the wallet summary available on your Binance account. You can sell your assets when their value increases, or you can withdraw them to your bank account in desired fiat currency.
How Much is a Stellar (XLM) Coin
Stellar (XLM) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.
Stellar (XLM) Coin Review
You can learn more about Stellar (XLM) coin reviews and information on cryptocurrencies by visiting their official page available in the following.
Website
https://www.stellar.org/
Github
https://github.com/stellar
Documentation
https://developers.stellar.org/docs
