How & where to buy Stellar Lumens (XLM) online

Stellar is a payments platform and Stellar Lumens (XLM) is its native cryptocurrency. Use this page to find out more about the history of the project and how and where to buy Stellar crypto.
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Updated: Sep 20, 2022
Tip: our preferred broker is, eToro: visit & create account

This is an introductory guide to the Stellar payments platform and the XLM cryptocurrency. Learn what Stellar is, what it does, and how it works in this introductory guide.

What are the best exchanges to buy XLM on?

The platforms in the table below are the best places to buy XLM today, and you can sign up by clicking on one of the links. If you want to learn more about Stellar first, scroll down this page.

1
Min. Deposit
$ 10
Promotion
User Score
10
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Payment Methods:
Bank Transfer, Wire Transfer
Full Regulations:
CySEC, FCA
Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.
2
Min. Deposit
$ 0
Promotion
User Score
9.5
No Hidden Fees
Instant Trading
Secure & Transparent
Start Trading
Payment Methods:
Full Regulations:
3
Min. Deposit
$ 1
Promotion
User Score
10
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Payment Methods:
Credit Card, Debit Card, Payeer, SEPA, Western Union, Wire Transfer, Yandex Money
Full Regulations:

How to buy Stellar Lumens online – a step-by-step guide

Step 1. Find an exchange

We feel the best place to buy XLM crypto in the UK or elsewhere is a reputable cryptocurrency exchange. Exchanges offer a wide range of coins and many different pairs that you can swap between. XLM is a relatively well-known currency that should be available on most exchanges.

Here are a couple of our favourites:

  • Binance: Binance is the most popular crypto exchange in the world and has one of the largest array of coins available. It has a ‘lite’ version of the website that’s ideal for beginners. Sign up for Binance now >
  • BitMEX: BitMEX is a Bitcoin exchange, which means you need some of that cryptocurrency to be able to use it. However, it offers lots of advanced features for more experienced traders. Join BitMEX today >

Step 2. Sign up and fund your account

To be able to execute trades on an exchange, you need to create and verify your account. That usually doesn’t take long, though you should be prepared to enter some contact details like an email address and phone number.

To fund an account you can often make deposits in fiat currency, but look out for how much the exchange charges you to do so. Some platforms, meanwhile, only accept cryptocurrency as a deposit, in which case the best thing to do is to use Bitcoin.

Step 3. Purchase

Now that your account is funded and ready to go, you need to find the right coin on the exchange. To find Stellar, search for the XLM coin and you’ll be presented with a list of different prices depending on which currency or cryptocurrency you want to fund your trades with. If you’re using USD, look for the USD/XLM pair to execute the trade.

Step 4. (Optional) Get a suitable wallet

The most secure place to keep your new coins is in a cryptocurrency wallet. Wallets are pieces of software that encrypt your coins so they can only be accessed using a private key that’s unique to you. There are a few different ones around depending on the level of security you want, but here are two to consider:

  • KeepKey: KeepKey is a hardware wallet, which means it stores your coins on a USB-like device that is completely offline. Get KeepKey today >
  • Trezor: Trezor is another hardware wallet that keeps your coins secure by protecting them even if the device is plugged in to an infected computer. Sign up with Trezor >
1
Min. Deposit
$ 1
Promotion
User Score
10
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Payment Methods:
Credit Card, Debit Card, Payeer, SEPA, Western Union, Wire Transfer, Yandex Money
Full Regulations:

How to trade Stellar – a step-by-step guide

Step 1. Find a broker

The best way to trade XLM is to find a broker that charges low fees. Making sure you don’t pay too much each time you trade is an important part of a short term strategy and should be the main consideration when it comes to choosing a platform. Here is one of the top brokers around:

  • eToro: eToro is a CFD broker, which means that you can speculate on price changes in all sorts of assets, from popular stocks to the leading cryptocurrencies. Sign up with eToro today >

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

Step 2. Deposit money

Brokers only accept deposits in fiat currency like GBP and USD, so that is how you have to fund your account. Look out for any fees, as often low trading fees are balanced out by bigger charges to deposit and withdraw funds.

Step 3. Decide how you’d like to trade

Once you have an account, you need to decide how to trade. The most common way to do so is to use CFDs, or contracts for difference, which are like notes that represent the price of an asset. You can use them to predict whether a coin will rise or fall in price by a set date.

Step 4. Start trading 

You can start trading by using a demo account to practice. Most brokers offer one in some form, where you can use virtual money to get used to the market without putting your own cash at risk.

In terms of the actual trading itself, you have to decide whether you expect a coin to go up or down in value. If you think it’s going to go up, then you should go long, whereas if you think it’s going down, go short.

For more experienced traders, you can make bigger bets on your instinct by using leverage. That means you put down a small part of the overall trade value as a deposit and borrow the rest from your broker. Beware, however, that you are liable for the entire trade value and your losses can spiral very quickly using this method.

1
Min. Deposit
$ 10
Promotion
User Score
10
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Payment Methods:
Bank Transfer, Wire Transfer
Full Regulations:
CySEC, FCA
Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.

Still undecided?

It’s always a good idea to take some time to think about your investments, especially when it comes to cryptocurrency. To help you come to a decision, here is a summary of XLM’s pros and cons, followed by a few final questions.

Pros

  • Must be owned by anyone who wants to use the Stellar platform
  • Stellar has potential as an alternative payment method
  • There is a finite supply of XLM to preserve value

Cons

1. Is now a good time to buy Stellar?

That depends on your investing outlook. It’s a good time to get involved with XLM if you want to use Stellar’s platform or expect more people to flock to it in the future.

If your horizons are more short term, then the decision rests on your analysis of the current XLM price to look for opportunities. You can study price charts and then use technical indicators to decide when to make your entry.

We perform this kind of analysis all the time and you can find some of our top recent pieces below:

2. What problem does Stellar solve, and what are the coin’s investment prospects?

Stellar solves the problem of moving money across borders and maintaining its spending power wherever you are in the world. It also makes it easy to use cryptocurrency as a means of payment that you can transfer to other people or businesses in a frictionless way.

XLM’s investment prospects rely on Stellar’s continued growth. As owning Stellar Lumens is a requirement to send money on the platform, more people using it would be good for XLM’s long term value. A broader move towards more transparent payment mechanisms would also be good news.

The challenge is that there are already lots of companies offering cross-border payments. PayPal in particular represents a major competitor, particularly as it has already started to accept cryptocurrencies itself. Drawing people away from PayPal, given that is already widely used, will be difficult. Follow the latest news to track Stellar’s success in that area.

Stellar XLM/USD is essentially a peer-to-peer (P2P) decentralized network originally created in 2014 and launched in 2015 with the goal of connecting the financial system on a global scale and ensuring that there’s a protocol available for payment providers and financial institutions. Stellar aims to link people, banks, and…
Stellar XLM/USD is a blockchain-based payment network that makes it possible to create, send and trade digital representations of all forms of money.  XLM is the native cryptocurrency token, also known by its name Lumen, which is a token that functions as an intermediary currency in…

3. Do you want to hold Stellar for the long term?

The decision rests on a number of factors, particularly your outlook for cross-border payments in general and whether Stellar can carve out a large market share for itself. Here are some final considerations, depending on whether you’re more interested in the long or short term.

Considerations for a long term investment strategy

If you feel good about XLM’s prospects in the future, then you should go ahead and find a reliable exchange platform, sign up, and then consider getting a wallet to store your new cryptocurrency in.

Considerations for a short term trading strategy

Short term traders should find a broker that charges low fees and allows you to make as many trades as you want. Technical indicators and analysis is crucial to being a successful trader, as you need to study charts to be able to predict future price moves.


Sources & references
Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.