How to Buy Stellar Lumens

Some have called it the common man’s cryptocurrency exchange network; others consider it the PayPal of the digital asset world. But however you may view Stellar Lumens, it is certainly a crypto worth exploring. With all that’s going on in the world of cryptocurrency, how can you make the most out of Stellar network?




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The Difference Between Trading and Buying



To buy cryptocurrency, you must create a wallet for yourself to hold the tokens. Trading does not require this.


Different Goals:

If you wish to support the ethos of the cryptocurrency, buying is better. If you are looking to profit on investment, trading offers more options.



Trading through a CFD is much more likely to provide more regulation to protect investment. Buying does typically offer this added security.

The ultimate beginner's guide to trading Stellar Lumens

Why Should You Buy Stellar Lumens? 

All crypto networks serve a purpose, or at least they should. The goal of Bitcoin, for example, is to replace fiat currency as a payment medium. The Stellar network is a decentralised platform that aims at providing cheap and secure money transfer services to people all over the world. The objective sounds similar to that of Ripple in principle but very different in practice, which makes them two distinct and non-competing networks. The similarity is because the founder of Stellar is also the Co-founder of Ripple. However, due to irreconcilable differences, he left and started Stellar. Ripple focuses on providing money transfer services between banking institutions. Stellar, on the other hand, seeks to offer cheap money transfer services to the ordinary person, even the unbanked. Its bottom-up approach differs from Ripple’s top-down way of operation. Stellar’s currency, Stellar Lumens (XLM) is a mediator currency that enables conversion from one currency to another. The network’s main aim is to allow sending money in one currency and it arriving as a different currency. You exchange both crypto and fiat currencies on the blockchain.

Is it Time to Invest in Stellar Lumens?

Stellar’s unique services have set it up for a successful future. It stoops low to meet the needs of the neglected majority, leaving Ripple and others to compete for the big corporations. There is always a need for a cost-effective, speedy option for cross-border money transfers.  The only remaining hurdle in the network’s path to success is the proof of ability in streamlining money transfer between individuals, especially the unbanked. Besides the ease of cross-border and multi-asset transactions, Stellar also has an opportunity in the retail sector. Retail customers need a platform that delivers money transfer services at reasonable rates within an agreeable period. . The network not only has higher transaction fees and lower fees but is also better maintained.  Therefore, shops using it will have almost the same benefits as with current card based transactions. Therefore, even though there is no guarantee of the success of any cryptocurrency, Stellar’s capability remains obvious. It has not only a noble goal but also a ready market.

Pros and Cons of Buying Stellar Lumens


  • An altruistic goal: It is typical with cryptocurrencies to have goals that have little if anything to do with the average person. The guiding aim in Stellar’s many features is to provide affordable and reliable money transfer to the common person.
  • Not-for-Profit: On top of its noble goal is its not-for-profit status. Most crypto investors focus on the money, which has led to the over-valuing of many digital assets. Stellar founders also do not share in the proceeds of the network. Therefore, there is a limited risk of the coin failing due to failure to meet investors’ bottom line.
  • Effective partnerships: Stellar has forged working relationships with other corporations to launch its service in different regions. The most notable one is its recent partnership with IBM. It has also partnered with Flutterwave,, ICICI Bank, and Tempo Money to further its services in Africa, Southeast Asia, India, and Europe, respectively.
  • Inflationary currency: Stellar has promised to keep generating more XLM to ensure a 1% inflation each year. The goal is to avoid hoarding the coins as is common with other cryptocurrencies.


  • Stellar Lumens’  primary limitation is that it does not enjoy the same market share as Bitcoin, Ethereum, Litecoin, and other major coins. Consequently, one can only purchase it using fiat currency on specific exchanges such as, Kraken, and Coinbase among other.
  • Inflation rates: XLM is not worth investing in  if you are looking for coins to hoard with the hope the prices get better. Stellar has already programmed the value of the coins to depreciate annually. Consequently, you can only hold them for a short duration and use them as soon as you get an opportunity.

What are the Best Payments Methods to Buy Stellar Lumens with?

Buy Stellar Lumens with PayPal

PayPal and cryptocurrencies do not see eye to eye. Trading in cryptocurrencies is against PayPal’s policy. Again, PayPal’s chargeback policy makes it an easy tool for scammers to defraud crypto exchange traders. As a result, it is difficult to find reliable exchanges that accept PayPal payments.

Buy Stellar Lumens with Cash

Finding a place to buy XLM in hard cash almost impossible currently. The only way is by finding someone you trust who is willing to sell their XLMs for cash.

Buy Stellar Lumens with a Credit Card

Stellar Lumens is not one of the major cryptocurrencies. Therefore, many exchanges do not offer direct purchases using fiat currencies such as the USD or EUR. Otherwise, you can buy through CFD platforms, though you will not transfer the coins to your altcoin wallet. If you need to buy using a credit card, then you have to buy one of the listed coins and then exchange them for XLM. and the easiest option is to buy Ethereum (ETH) on Coinbase or Coinmama using fiat and exchange it for XLM. Bitcoin is not the right choice because of its high fees and long processing time. You can then exchange your ETH for XLM on an exchange website. There are some other places you can use to buy Stellar Lumens using a credit card. However, the transaction and the withdrawal fees can be as high as 7%, and they usually don’t have a Know-Your-Customer policy, which makes it susceptible to scammers.

What other payment methods are there to buy Stellar Lumens?

Since the best way of buying XLM is via a cryptocurrency exchange, you can use other payment methods such a debit card, SEPA, Payeer, Perfect Money, and even Western Union. Find an exchange that uses the payment plan you have and buy ETH. You can then transfer your ETH to another exchange and exchange it for XLM. Buying Stellar Lumens in Your Country The limitation on where you can buy Stellar Lumens from is dependent on the country’s laws on cryptocurrency, the payment method, and the intended purpose. Some states completely ban digital assets. Others allow the buying, but you cannot use the coins as a legal tender to make payments. When it comes to the means of payment, some banks do not allow wired transfer or debit card payment to certain countries. Additionally, the Stellar network is still not available in many countries. You should check this out if you plan to use the network to send money from your country across the border.

Is There a Difference Between Buying and Trading Stellar Lumens?

Yes. When you buy, you own and can do whatever you can with the coins. You can hoard them or use them for money transfers. However, if you plan to make money by investing in cryptocurrencies, then trading on XLM is the way to go. Unlike buying, trading only requires that you deposit money on the trading platform. You do not have to buy any Stellar currency. You can then use your investment to leverage on your speculations of the prices of Stellar Lumens. The main advantage of trading over buying is that trading platforms operate under the regulation of FCA and other financial bodies. Such regulation is lacking in cryptocurrency exchanges. It makes trading in XLM a safer investment than buying. Trading is an attractive opportunity that offers significant opportunity to make profits faster than you would by purchasing XLM. Nonetheless, it also exposes you to high losses.  

What are the Fees Involved in Buying Stellar Lumens?

Exchanges charge fees based on the percentage of the total transaction, and it is always dependent on the method of payment. Below are details on the different types of fees you’ll encounter;
  • Transaction fees: These are the charges you pay for exchanging coins or fiat currency for your chosen coin. An example is exchanging Ethereum for XLM or XLM to USD. It varies from exchange to exchange.
  • Deposit fees: These are mainly the charges you pay an exchange for depositing fiat currency or cryptocurrencies on its account. It also includes the charges by the payment method you are using such as a debit card, credit card and bank transfers, among others.
  • Withdrawal fees: Nearly all exchanges and trading platforms charge fees on all withdrawals to another platform, coin wallet or bank account. These change depending on both withdrawal type and exchange/broker platform.
It is crucial to analyse the entire fee structure of an exchange or brokerage before settling for it. Some platforms use hidden fees to make up for the low initial fees at one that you first see. Trading platforms have better payment methods and fees than exchanges, meaning it’s usually far easier to start investing in cryptocurrency on a broker platform.

Alternative Cryptocurrencies


  1. Yes. Realistically, the best way to do this is to use CFD platforms, as most exchanges have a limit with the amount of XLM that you can purchase.

  2. The easiest way to do this is to return to wherever you purchased your XLM from in the first place and use their selling service. Usually, most exchanges, brokerages and trading platforms will have the option to sell your currency back to them or to other users.

  3. This really depends on your overall Stellar Lumens investment plan. If you’re looking to buy and hold then an investment in a trading bot is unnecessary. However, if you plan on trading on the quick fluctuations in price then a trading robot could be extremely useful. Especially whilst you’re first starting out. The robots use sophisticated algorithms to analyse the market, and make automatic trading decisions. Furthermore, they have no emotions meaning trades are surgical and precise, with no care for mood swings or market speculation.

  4. Yes. However, not many exchanges offer XLM purchases using fiat currency, meaning you’ll have to purchase another cryptocurrency such as Ethereum, and exchange it for your chosen XLM.

  5. Mainly because it’s always good to diversify your investment portfolio. Having two or more investment vehicles will cushion you if Stellar Lumens takes a hit from other competitors and market factors. Ideally, you want to spread your investments, and make sure you could profit on the growth of other technologies all whilst reducing losses if only one coin is failing.