Stellar is a blockchain created as a fork of Ripple, one of the most popular coins in the crypto universe. Stellar aims to to use Stellar Lumens (XLM) to perform a whole host of functions which will change the way normal people interact with money, the internet, and the hyperconnected world evolving all around us.
5 Quick Steps to Buy Stellar Lumens
- Create a new Etoro account – it only takes 3 minutes!
- Make a £100 minimum deposit – Paypal is accepted
- Buy your Stellar Lumens
- Set Stop Loss and Take Profit Levels
- Withdraw Profits
What is Stellar Lumens XLM?
Stellar Lumens is the cryptocurrency of the Stellar blockchain. Stellar is a fork of Ripple, and it has the same ultra-fast performance and low cost that Ripple does. Stellar, however, is more decentralized, and is more useful to everyday people. Stellar wants to be the #1 to send money in the world, and they believe they’re better equipped to handle the complex needs of modern finance than major competitors like Bitcoin or Ethereum.
Stellar Lumens will be used for all kinds of purposes, such as sending remittances to foreign countries, providing services for the unbanked, and making general purchases just like any other major cryptocurrency. However, this isn’t the extent of Stellar’s ambitions. The blockchain also supports smart contracts, and is launching a bunch of great projects in 2018. Stellar Lumens will also make it possible to create and transfer digital assets.
For early investors in the Stellar ecosystem, Stellar Lumens XLM will likely be a remarkably strong performer in 2018. For a complete guide to what Stellar Lumens is and how it works, check out our complete Stellar Lumens Guide page.
How to Buy Stellar Lumens: 3 Methods
If you’re convinced that you want to become an investor in Stellar Lumens XLM (and we think that just might be a good idea), then it’s time to learn how to buy this remarkable cryptocurrency. Here we’ll describe three different methods to buy Stellar Lumens. The first methods use Stellar Lumens CFDs with Etoro.
“CFD” stands for “Contract For Difference”. Simply put, it lets an investor make profit on an asset like Stellar Lumens XLM, without actually having to own the asset. With Etoro, you can deposit money and lock it into a contract for a certain amount of Stellar Lumens XLM. If Stellar Lumens goes up in value, you can “Take Profit” on your CFD and you’ll make the same money you would have if you had actually bought and sold the XLM.
People use CFDs because they’re easy to trade, you don’t have the worries and vulnerabilities of actual ownership, and you can afford more XLM than you could with conventional ownership. Etoro lets you use “leverage”, meaning that you’ll control more XLM than you could afford if you were buying and storing them yourself. That’s a simple explanation, but it should get you started. CFDs are the easiest and fastest way to make profit in a market like this. Here’s how to do it.
Buy Stellar Lumens on Etoro
Now that you understand what a Stellar Lumens CFD is, let’s show you how to buy Stellar Lumens with Etoro. When you see the page pictured below, input the requisite information and click “Start Trading”.
Once you’ve completed your profile, search for “XLM” in the search bar as displayed below. Click “Trade” beside the Stellar Lumens XLM logo (the little rocket ship).
You’ll be taken to this simple interface. Once you’ve funded your account, you’ll be able to buy Stellar Lumens CFD of any value allowed by Etoro (this varies according to how long you’ve used the platform and how much information you input about yourself).
You have three extra choices to make when using this Stellar Lumens CFD:
- Set a “Stop Loss”. This will sell your CFD if the Stellar Lumens price starts to crash, keeping you from losing all of your money. You can set this high or low, whatever makes you comfortable with your investment.
- Set your “Leverage” level. This is a multiplier that will let you “buy” more Stellar Lumens than you could afford with the money in your account. Of course you won’t really own this currency, but you’ll have access to much bigger profits than if you bought outright with another platform.
- Set your “Take Profit”. If the price of Stellar Lumens soars, you may want to take your profits before the price drops again. This function will make a sale at a certain level, even if you’re not online to activate it.
That’s it! Your Stellar Lumens CFD is set up with Etoro. Now all you have to do is watch and wait. When the price is at a level that feels good for you, take an enjoy your profits.
How to Buy Stellar Lumens XLM With CryptoGo
CryptoGo is the most convenient cryptocurrency buying platform there is. The team at CryptoGo will buy any cryptocurrency on the market for you, no matter where it is sold. All you have to do is pay via credit/debit card or bank transfer, and CryptoGo will send Stellar Lumens XLM straight to your Stellar Lumens wallet. Before we order, though, let’s show you where and how to create a Stellar Lumens wallet.
Start at https://www.stellar.org/lumens/wallets/ and choose the wallet that works with your device and operating system. As you can see on the page, there are many Stellar Wallets. Whichever one you choose, make sure to find your Stellar Wallet address once it is loaded/installed. You can find it under “Receive” or “Deposit”, and it’s always a long alphanumeric code. This is the address you’ll need to complete the next two Buy Stellar Lumens methods.
Now let’s go to CryptoGo.com, the most convenient way to buy Stellar Lumens. On the CryptoGo.com homepage, click “Sign Up” in the upper right hand corner.
On the next pages, input the information requested of you by CryptoGo. This will include a new password, personal identification docs, and payment information. You’ll also have to give CryptoGo your Stellar Lumens wallet address we just talked about, because this is where they will send your Stellar Lumens XLM once they’ve made the purchase.
Complete the purchase on the screen you see below. You’ll receive a confirmation email as well, with a link you’ll need to click.
That’s all there is to it! Once you’ve made your payment, all you have to do is wait for your Stellar Lumens XLM to arrive in your Stellar Lumens wallet.
How to Buy Stellar Lumens XLM on Binance
You can always choose to buy Stellar Lumens on your own using a popular crypto exchange like Binance. This will save you a little bit of money and teach you some important skills for cryptocurrency trading. Start by going to Binance.com and creating your account.
Now you’ll have to buy some Bitcoin in order to fund your Binance account. Binance doesn’t accept fiat currencies like US Dollar, so most of their coins are traded with Bitcoin. Go to Coinbase.com (or other trusted source), buy Bitcoin, and then send the Bitcoin to Binance. You can do this buy clicking on “Funds” > “Balances”, and then clicking “Deposit” beside the Bitcoin Wallet as pictured below.
When your Bitcoin has arrived in your Binance Bitcoin wallet, you’ll be ready to buy Stellar Lumens XLM. Click on “Exchanges” > “Basic” to get started.
There’s a bunch of information on this page. In the center of the page you can see recent price action of Stellar Lumens XLM. On the left side of the screen you’ll see all open orders: quantities and prices at which different users are hoping to sell or buy their Stellar Lumens. On the right side of the screen, you’ll see a list of all of the Bitcoin/altcoin trading pairs. Type “XLM” into the little text box as shown. This will make the “XLM/BTC” trading pair appear. Click it. This will make it possible for you to trade Bitcoin for Stellar Lumens.
At the bottom left of the screen you’ll see the above menu, with the green “Buy XLM” button at the bottom. The “price” is already filled in, with XLM’s current price. All you have to do is fill in how much XLM you want. You can also figure this out by choosing to buy however much 25%-100% of your Bitcoin would buy. When you’ve selected this amount, you’ll see your order’s total price, in Bitcoin, on the “Total Line”. Click “Buy XLM” and you should find your Stellar Lumens in your Binance XLM wallet in a minute or so.
If you want to wait and see if the price will drop, you can always select a lower price in the “Price” line. This order will only be filled if the price actually goes that low in the future.
Now that you have your Stellar Lumens in your Binance Stellar Lumens wallet, go back to “Funds” > “Balances”, and select “Withdraw” beside your Stellar Lumens wallet, as pictured below.
On the next screen, paste your personal Stellar Lumens wallet address (check out the CryptoGo part of this guide for info on that) into the address line seen below. Select all of your Stellar Lumens XLM and send. If you’re worried about sending a large amount, just try a tiny bit first. When it arrives, you’ll know that you did everything right. Send the rest of your XLM, and it should arrive safely in your Stellar Lumens wallet in a few minutes, where it will be safe and sound.
Final Thoughts on Stellar Lumens XLM
Stellar is a remarkable platform which benefits from the amazing technology of Ripple, but with important changes that will make it accessible to people who would never use Ripple. Stellar will be not just a blockchain, but a marketplace, a smart contracts and Dapps platform, an international payment channel, and more. Stellar Lumens may have crashed with everything else in the recent cryptocurrency market troubles, but when it bounces back, you can bet that this amazing project will do so with a vengeance.
If you buy Stellar Lumens now, using any of the three methods listed above, we think you’ll have a very good chance of increasing your wealth through high returns. Stellar Lumens is just getting started. As it becomes integrated with the world digital communication and financial systems, you can bet that Stellar Lumens XLM will be one of the big performers in the coming months and years. As always, do your own research, but we have a good feeling about this project.