Buy Stellar Lumens in under 10 minutes – A comprehensive guide

If you are interested in how to buy Stellar Lumens (XLM), then you’ve come to the right place. This comprehensive guide would be your one source of all the information you need to know about what is Stellar Lumens.

The target of Stellar Lumens? To simplify international payment transactions. Stellar is a platform that connects banks, payment systems and people. If you are now of the opinion that you want to buy Stellar Lumens because you are firmly convinced that the goal will soon be achieved, you may invest in Lumens (XLM for short), as the Stellar Lumens currency is called.

For those in a hurry: Stellar CFDs trade in three steps (buy Stellar Lumens fast)

Before you can buy Stellar, the first step is to create an account with a trading platform that supports the currency. Our choice is eToro. Here, opening an account is particularly easy and doesn’t even require verification for trades up to $2,000. Furthermore the provider is state-regulated and therefore subject to deposit protection. To open an account you just need to enter your personal details in the login form on the start page.

Now you will receive an email from eToro with a link that you need to confirm. Then you’re ready to buy Stellar Lumens (XLM).

To top up your trading account with real money you have to click on the “Deposit money” button at the bottom left. This will open a window where you can select the desired payment method, such as instant bank transfer.

Depending on the chosen method, the payment can now be made and the trading account can be topped up.

If the deposit was successful, the new account balance is now displayed at the bottom of the screen.

With it now the desired currency, in this case real Stellar or Stellar CFDs, can be bought. The easiest way is to enter the currency in the search field and thus find it. Now in the purchase field the desired adjustments can be made. Here it is also determined for how many Euro you want to buy Stellar.

If you do not want to trade real Stellar but rather Stellar CFDs, these can also be found via the search field. 

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

What is stellar lumens (XLM)?

The crypto currency Stellar takes on the function of a promissory note that stands for other currencies. For example, if a person sends an amount in US dollars to another person who lives in the euro area and is to receive the amount in euros, these anchors exchange the fiat currencies for stellar lumens and back again. In the example, the anchor converts the dollars to XLM and sends them in this form to the recipient in Europe, where they are converted back to the corresponding euro amount. Banking transactions of this type usually involve high costs and loss of time. With Stellar, the transaction takes only a few seconds and the fees are negligible.

This payment network is particularly useful for people in the Third World for whom cross-border transactions are too expensive. Stellar also seeks proximity to some companies such as IBM and BlackRock.

Why invest in Stellar Lumens?

Stellar Lumens is a very interesting project that could very well be invested in, because there are a few aspects that speak for a positive development. Currently, an investment is interesting because the price is attractive. As with many other digital currencies, 2017 was also marked by countless records, because XLM was able to reach new highs almost daily, but till end of 2019 the correction followed. And every correction is, as the shareholders know, the ideal time to invest your money.

But you should not only invest in XLM because the price is low. Much more important is the question of what the development could look like – and here, too, there are definitely interesting indications. But of course it must be mentioned here that the market is volatile: Forecasts that XLM could set new records in the near future are interesting, but they are far from a guarantee. Investors in crypto currencies should be aware that the price can go up or down by 20% within a few hours. For this reason, one should never lose sight of the market and also keep an eye on developments. So, if you invest in XLM because the forecasts are good and you think the crypto currency will set new records soon, you should still be careful.

The current rate

How to buy Stellar Lumens (XLM)?

If you want to purchase genuine XLM Coins, you should look for a suitable crypto exchange. If you prefer to bet on XLM CFDs, a reputable online broker will help you.

In both cases, you should pay attention to the transparency of the offer and the seriousness of the provider. The crypto market is booming and new offers appear on the market almost daily. For newcomers it can be quite difficult to keep track of the large offer. Unfortunately there are many fraudulent offers and scams among the many really good exchanges and brokers. For your own safety, it is important to research thoroughly before investing, what you should look out for when making your choice and what possibilities the various offers should offer you, you will find out now.

Differences between Stellar Lumens CFD brokers and stock exchanges

CFD brokers

  • Regulated by government & depositor protection
  • No complicated setup of a wallet necessary
  • Leveraged trading possible
  • Several deposit and withdrawal options
  • Mobile Trading: Apps for Android & iOS available
  • Demo account
  • Only possession of a certificate, not Stellar (XLM)
  • Obligation could raise to make additional contributions
  • Risky investment

Stock exchanges

  • Real ownership of genuine XLM
  • Wide range of crypto currencies on offer
  • (Partial) trading via leverage possible
  • (Partial) Mobile Trading: Apps for Android & iOS
  • Wide range of crypto currencies on offer
  • Whoever wants to hold XLM in the long term has an advantage here in terms of fees
  • No regulation & deposit insurance
  • You are responsible for the administration of the keys yourself
  • Risky investment

The difference between real Stellar (XLM) and Stellar CFDs

Since there are two ways to buy XLM, there are therefore also two different types of Stellar investments:

  1. Brokers trade Stellar CFDs, as financial instruments that use the XLM price as a basis
  2. With stock exchanges, one trades with “real” Stellar

Benefits to use a Broker

Functionality: When you buy Stellar CFDs, you bet on the performance of the coins and do not receive any real coins. You do not own this crypto-currency in its physical-digital form, but rather deal with the price development. You can imagine the whole thing like this: If the XLM price rises or falls, your CFD also rises or falls. You can choose the XLM price in a 1:1 ratio or work with a lever.

Leverage: For example, if you use a leverage of 10, then your CFD rises and falls 10 times as much as the actual XLM price. This has the advantage that your profit is also 10 times as high. The disadvantage is that this CFD leverage is also associated with great risks.

If you do not cope with price fluctuations and excitement so well, the CFDs are perhaps not the right investment for you. 

Top 3 Broker to trade Stellar Lumens CFDs

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Trading leveraged products such as CFDs carries a significant risk of loss and may not be suitable for all investors. 76.4% of individual investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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✔ Award winning trading platform
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Trading leveraged products such as CFDs carries a significant risk of loss and may not be suitable for all investors. 66% of individual investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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✔ Broker since 1997 and 2.2M customers 
✔ Regulated by CySec 
✔ 213 tradeable assets
✔ no spreads, but transaction fee

Trading leveraged products such as CFDs carries a significant risk of loss and may not be suitable for all investors. 83% of individual investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

How stock exchanges work

Stellar Coins: Buying Stellar Coins has the great advantage that you can hope to increase the value of the currency here. If XLM is developing as rapidly as Bitcoin, an investment could definitely be worthwhile at this point in time. Because at the moment prices are low and hopes are high. To store your coins safely, you need a wallet. When choosing your wallet, make sure you choose a reputable provider.

Crypto bots: this way you can see XLM coins as a long-term investment or you can sell them on at the next possible high, i.e. actively trade them. Here too, there are opportunities for profits. You can also leave trading to a crypto bot. These crypto trading robots are becoming increasingly popular on the crypto scene because they take over trading fully automatically. The disadvantage is that you do not have to do the trading yourself and trading crypto currencies can be quite exciting!

Top 3 stock exchanges to buy Stellar Lumens

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✔ High liquidity and low fees
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✔ Deposit via VISA, MasterCard
✔ Smartphone app available

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✔ Best known US Bitcoin exchange
✔ Emoney license in UK and US 
✔ Deposit via VISA, MasterCard, SEPA
✔ no spreads, but transaction fee

What happens after the Stellar Lumens purchase?

Especially as a newcomer to the world of crypto, you may wonder what happens after buying digital currency. This is how it continues:

The storage of genuine Stellar Lumens

If you have bought coins, you need, as already mentioned, a digital wallet. If you have already opened an account at a so-called crypto exchange, you also have such a storage facility – but if you do not have an account at an exchange, you have to look for a wallet provider.

The problem here is that the private key with which the wallet is controlled remains in the possession of the exchange. This means that there is actually a small security risk here. Even if today’s stock exchanges are all at the cutting edge of security technology, this does not mean that a hacker cannot succeed in getting hold of the private key.

The sale of Stellar Lumens

If you want to sell your coins because the price has risen, they can be offered on an exchange at any time. Due to the fact that you don’t have to offer your coins on the exchange where you bought them, you can compare fees in advance. The fees charged by the exchanges differ greatly, so it is advisable to get an overview in advance.

Stellar Lumens (XLM) - The conclusion

If you want to buy XLM, it’s relatively easy as fast as possible – even a beginner, who hasn’t been interested in the topic so far, will probably have no problems. Due to the fact that there are different possibilities as well as platforms, you can make a comparison in advance and answer the question for yourself, which possibility seems to be especially attractive.

Even if Stellar Lumens is not yet as well known as Bitcoin or Litecoin, this does not mean that there is no chance of winning. And then, as was the case with Bitcoin or other digital currencies, anything is possible.

Frequently asked questions about buying Stellar Lumens

Stellar Lumens (XLM) is – and has been for quite some time now – among the top performing coins and has the potential to experience price increases in the near future that should not be underestimated. The reasons why XLM can sometimes become a real alternative to Bitcoin, probably the best known as well as most successful crypto currency of all times:

  • On the one hand, this is a huge open source network that controls the community.
  • On the other hand, low fees and also a high transaction speed speak for this crypto currency.
  • Moreover, it is mainly those ICOs that are oriented towards Stellar Lumens that do not use the Ethereum network.

So there are quite a few points that clearly speak for investing in XLM.

If you are toying with the idea of investing your money in XLM, you will ask yourself at the beginning how secure the trade is at all. At this point it must be said that the market is extremely volatile – price jumps are simply part of it. This means that the price can rise or fall 15 percent overnight.

If you want to invest your money in crypto-currencies, especially in stellar lumens, you will need nerves of steel. It’s also important to follow the news and watch the markets – in other words, to see how they react to various events.

In order to buy Stellar Lumens, you must register with a stock exchange or broker, so registration is not missing.

The only way to get Stellar Lumens without registration is mining.

Despite the great predictions for the crypto world, you should not forget that investing in cryptocurrencies involves a high risk. The high volatility does not exist in any other speculative investment objects. Although the XLM share price seems to be quite stable, even inconspicuous news can have a quite strong influence on the performance. The crypto market is sensitive, yet more and more people are abandoning conventional investments and prefer to invest in the promising crypto currencies.

Only you can decide whether or not you want to buy XLM.

After set-up of a free account and completion of ID verification process you can earn XLM for the completion of lessons. Each lesson only takes a few minutes and you can earn XLM worth up to 50$.

Take a look at the introductory lessons on Stellar Lumens XLM here.

Best Broker

Safe Crypto Trading

✔ Extensive trading platform: choice between real coins and CFDs

✔ Depositor protection: No risk of loss in case of hacks or bankruptcy

✔ Diverse deposit options: Bank transfer, credit card, PayPal, Skrill etc.

eToro is a multi-asset platform offering CFD and non-CFD products. 66% of individual investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Disclaimer All content on our website is for information purposes only and does not constitute a recommendation to buy or sell. This applies to assets as well as products, services and other investments. The opinions expressed on this site do not constitute investment advice and independent financial advice should be sought whenever possible. This website is not intended for use in jurisdictions where the trading or investment described is prohibited and should only be used by persons and in a manner permitted by law. Your investment may not be eligible for investor protection in your country or country of residence. You should therefore carry out your own due diligence. This website is available to you free of charge, but we may receive commissions from the companies we offer on this website.
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