How to buy Stellar Lumens online

Stellar is a payments platform and Stellar Lumens (XLM) are its native cryptocurrency. Use this page to find out more about the history of the project and how to buy Stellar crypto.
By: James Knight
James Knight
When he isn’t at work, James is an avid trader and golfer who likes to travel. He once fed,… read more.
Updated: May 14, 2021
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.

Compare where to buy Stellar Lumens, and open an account

For those of you who have already decided you want to invest, you may want to know where to buy Stellar Lumens, and we can help point you in the right direction. The brokers in the table below are some of your top options, 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
$50
Exclusive promotion
Our score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Wire Transfer, Bank Transfer
Full regulations list:
CySEC, FCA
2
Min. Deposit
$20
Exclusive promotion
Our score
9.3
Margin Trading with full legal compliance
Cryptocurrency staking
Various Payment options
Start Trading
Description:
Cex.io offers exchange of fiat currency for Bitcoin Ethereum, Tether, and 23 other cryptocurrencies, as well as Bitcoin/Ethereum trading against the USD.
Payment Methods
Credit Card, Debit Card, Wire Transfer, Cryptocurrencies, Skrill
Full regulations list:
3
Min. Deposit
$10
Exclusive promotion
Our score
8.7
The broker offers access to a trusted MetaTrader trading system
Pricing is ensured to be completely transparent, also providing accuracy and speed
Trade a Wide Variety of Assets with Leverage up to 1:500
Start Trading
Description:
LonghornFX is a true ECN STP broker dedicated to delivering a superior trading experience to traders no matter their level of experience. Their services are based on transparency, innovation and efficiency, ensuring an unparalleled trading experience for all.
Payment Methods
Credit Card, Debit Card, Visa, Bitcoin
Full regulations list:
LonghornFX offers high-leverage trading on a wide variety of assets. Trading with leverage carries a degree of risk which may result in losing more than your investments. Clients should practise risk management to protect themselves from losing more than they can afford when trading with leverage.

What is Stellar?

Stellar is a platform for moving money around the world. It’s like PayPal on the blockchain, where its users can send and receive money in any currency or cryptocurrency. To be able to create an account and make transactions, you need Stellar Lumens, the platform’s own crypto coin, that’s also known as XLM.

Set up in 2015, Stellar’s ultimate goal is to make money ‘borderless’, where people can spend and hold money in lots of different currencies without needing bank accounts in every country or worrying about exchange rates. XLM is crucial to this process, as it’s an entry requirement to use the platform.

How does Stellar work?

Stellar works by recording all transactions made through the platform on its own blockchain. That blockchain is like a ledger, which stores what each person owns and any transaction they want to make.

Rather than being run by a central authority, the Stellar blockchain relies on a network of computers to run the network and constantly check and recheck the ledger to make sure it’s accurate.

All of this is publicly available information and anyone can join the network as one of the computers that helps host it. Each one has voting rights, so the power is decentralised – unlike a bank where the power is held in one place.

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
Exclusive promotion
Our 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:
Cryptocurrencies
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 are two 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 >
  • Plus500: Plus500 offers a wide range of assets from all the major classes, including cryptocurrency. Again, it lets you trade CFDs against the value of coins such as XLM. Join Plus500 now >

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
$50
Exclusive promotion
Our score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Wire Transfer, Bank Transfer
Full regulations list:
CySEC, FCA

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

Below are three more questions to help you decide whether to invest in Stellar.

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:

The cryptocurrency market is advancing this Friday, and this situation also supports the price of Ripple, Bitcoin Cash, and Stellar. Bitcoin is trading above the $57,000 level, and for now, everything indicates that the price could advance again above $60,000 resistance. The cryptocurrency market continues to attract institutional investors, and…
Stellar (XLM) has advanced from $0.12 above $0.68 since the beginning of the 2021 year, and the current price stands around $0.61. This cryptocurrency’s main trend remains bullish, and if this positive trend continues, this crypto could be one of April’s best performers. Fundamental analysis: Grayscale has bought 5,566,271…
Stellar (XLM) price exploded over 80% yesterday to bring total weekly gains to about 200% after being selected by Ukraine to work on the central bank digital currency. Fundamental analysis: Major cooperation agreed The Ministry of Digital Transformation of Ukraine and the Stellar Development Foundation signed a deal…

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 an open network developed with the goal of allowing money to be moved as well as stored and reach the world’s unbanked. Over time, it started helping financial firms connect with one another. On July 13, Liquid Global announced their multi-chain support feature for deposits…
Despite noteworthy developments in the financial system over the past few decades, financial inclusivity remains a milestone that the industry is yet to achieve. To this end, different groups of people, especially in developing parts of the world, lack access to much-needed financial services. While centralization is mainly to blame,…
Stellar XLM/USD has an ambitious mission of providing the world’s unbanked population with full access to financial services. It does this by making it cheaper as well as faster to move money from one currency to another.  Stellar is attempting to reimagine the market when it comes to currency…

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.


Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

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
Financial writer
When he isn’t at work, James is an avid trader and golfer who likes to travel. He once fed, rode, and ate an ostrich all on… read more.