Home > Altcoins > Stellar Lumens > Buy Stellar Lumens > How to Buy Stellar Lumens with Debit Card

How to Buy Stellar Lumens with Debit Card

Stellar Debit Card

Stellar Lumens is the name of an open-source, decentralised protocol for a digital cryptocurrency project. The Stellar project is supported by the Stellar Development Foundation, while Lumens is the name of the token associated with the initiative. It is currently ranked 17th in terms of market cap among existing cryptocurrencies.

There are several payment methods available for Stellar Lumens; one of the most popular is to buy via debit card. So for this guide we’re going to assess the pros and cons of this payment method and compare it to other available methods, including credit cards and PayPal.

Our Quick Tutorial to Buy Stellar with Debit Card

There are multiple online platforms to buy Stellar in a secure and easy way. We've chosen the top place so you can start right away and get XLM in just a few minutes, regardless of your experience level. Please follow our step-by-step guide below.

Step 1: Sign-Up

The first step consists in creating a free account with our recommended platform. Visit the website by clicking the button below and start with your basic information to sign up. Depending on your location and local regulations, you might need to verify your identify.

Step 2: Make your First Deposit

Once your account is set up, you can go to "Deposit" and follow the instructions to fund your account with Debit Card . Enter the amount you want to deposit (beginners normally start with lower amounts), follow the steps and check your new account balance.

Step 3: Buy Stellar!

Your account is all set and you'll be able to trade any of the available cryptocurrencies on the platform. Select an order type to buy XLM (a market order will be fulfilled instantly). Check your dashboard for your opened positions and available crypto funds!

Advantages and Disadvantages of Buying Stellar Lumens with Debit Card


The most accessible payment method of all possible sources
No fees associated with debit cards whatsoever
Straightforward to use and easily accessible
Don’t require a strong credit rating as with credit cards
More consumers can access debit cards than PayPal
Still have transaction protection and insurance in many cases


No rewards or benefits as with credit cards
Not the most secure if you have a significant balance in your bank account

Buying Stellar Lumens with Debit Card Fees

Transaction fees associated with Stellar Lumens can be summed up quite easily — there aren’t any! The only transaction fees that you might accrue with debit cards will be related to the digital exchange that you’re using, or the currency itself. Debit cards are completely free from fees.

Is Buying Stellar Lumens with Debit Card the Best Method?

Whether or not purchasing Stellar Lumens via debit card is the best method for you will always be dependent on your personal circumstances. What can be said firstly is that debit cards are the most readily available transaction method, and that this will obviously appeal to lots of people. Cryptocurrency can theoretically be purchased with cash, but in practical terms this is extremely difficult.

Debit cards are also safe and secure, and associated with the mainstream financial system. However, some people prefer to use credit cards due to the offers involved, and arguably PayPal is a more secure system, as it can be completely disassociated from payment cards. Nonetheless, debit cards are a credible and secure way to purchase Stellar Lumens.

Frequently Asked Questions

  1. Stellar Lumens is the name of a cryptocurrency project, with XLM being the cryptocurrency used by the Stellar distributed ledger.

  2. Stellar was founded in July 2014. It was co-authored by Jeb McCaleb and Joyce Kim. It’s mission statement is to provide cheap and fast transactions across the world.

  3. Debit cards are widely available, and are probably the most easily accessible payment method in the world, with the possible exception of cash. However, cash isn't ideal for cryptocurrency purchases, which are typically made digitally over the internet. So debit cards fulfil many of the requirements of most consumers when it comes to Stellar Lumens purchases.

  4. It is probable that more people utilise credit cards for purchasing Stellar Lumens than debit cards, as credit cards lend themselves to internet transactions. However, there is no doubt that debit cards will also be popular, and that they are a legitimate way to acquire Stellar Lumens.

  5. The most compelling reason to avoid debit cards for any Stellar Lumens purchase is that they don't attract the sort of offers that are associated with credit cards. By using a debit card to acquire Stellar Lumens, you merely deduct money from your bank account, and derive no other benefit.

  6. Stellar Lumens is one of many cryptocurrencies that aims to improve on Bitcoin. It is a digital payment system, and one that has a unique ethos, being run by the non-profit Stellar Foundation.

  7. Some of the exchanges compatible with Stellar Lumens may impose a minimum transaction limit, but generally speaking there is no minimum transaction amount associated with this altcoin.

  8. Memo is a destination tag that is used with the Stellar Lumens platform. It is important, as people transacting Stellar Lumens must use the memo associated with their particular wallet.

  9. While memos are optional, losing them can cause some issues with recognising and identifying transactions. But there is a workaround. Users of this cryptocurrency can locate their transactions via the payment locator on Stellar.Expert. The more details you know about your transaction, the easier that it will be to locate. A good habit to get into is to send a small amount of Stellar Lumens before making any sizeable transaction.

  10. The Stellar Development Foundation is a non-stock, non-profit corporation, as registered, but pays taxes in common with any corporation. Stellar Lumens does not have shareholders, does not payout value or dividends, and therefore is not motivated by the traditional concerns associated with profit-driven companies.

We use cookies to personalise content & ads, provide social media features and offer you a better experience. By continuing to browse the site or clicking "OK, Thanks" you are consenting to the use of cookies on this website.