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Looking to buy XLM cryptocurrency? Here’s a step-by-step guide on where to buy XLM, including a list of the best exchanges and wallets to use.
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XLM Basics
XLM is a cryptocurrency that is on the rise. Many people are interested in buying XLM because it has the potential to become a very valuable currency. However, before you buy XLM, you should first understand what it is and how it works.
What is XLM?
XLM is the native asset of the Stellar network. It powered the first distributed exchange and can be used to pay for fees, create accounts, and make payments on the Stellar network. Stellar is an open source protocol for value exchange founded in 2014 by Jed McCaleb, co-founder of Ripple and creator of eDonkey2000. The Stellar network facilitates cross-asset transfers of value, including payments. The network is an infrastructure that connects financial institutions and allows them to move money quickly, reliably, and at almost no cost.
How to buy XLM
To buy Stellar Lumens (XLM) on Binance, you first need to open an account.
1. Register for an account on Binance.com.
2. Once your account is verified, log in and click on the “Funds” tab at the top of the page.
3. Search for XLM in the search bar and click “Deposit” next to it.
4. On the next page, select your preferred payment method and follow the instructions to complete your deposit. Once your deposit has been processed, you will be able to buy XLM by clicking on the “Buy Crypto” tab at the top of the page and selecting XLM/USDT from the list of trading pairs.
XLM Wallets
Before we dive into the nitty-gritty of where to buy Stellar (XLM), we need to set you up with a Stellar Lumens wallet. A cryptocurrency wallet is basically the digital equivalent of a physical wallet. It allows you to receive, store, and send digital assets like XLM. You need a wallet to buy, sell, or trade cryptocurrencies.
Ledger Nano S
The Ledger Nano S is one of the most popular cryptocurrency hardware wallets. It supports over 1,000 cryptocurrencies, including XLM. The device is USB-based and connects to your computer.Features of the Ledger Nano S include:
-Ledger Live: This is the software that you use to manage your device and cryptocurrency holdings.
-Multi-currency support: You can store multiple cryptocurrencies on your Ledger Nano S, including XLM.
-Secure Element Chip: This chip stores your private keys and ensures that your transactions are signed offline.
-Backup and recovery: You can use a recovery phrase to restore your wallet if your device is lost or stolen.
The Ledger Nano S retails for around $100 USD.
Exodus
Exodus is a desktop and mobile wallet with a very simple user interface designed for people who are new to crypto. You can use Exodus to store 27 different kinds of crypto including XLM. One thing to note is that Exodus is a custodial wallet, which means they have control of your private keys. If you’re looking for a non-custodial wallet where you control your own private keys, check out Atomic Wallet. Exodus does not currently support staking but they are planning to add this feature in the future.
Another thing to note is that while Exodus is free to download and use, they do charge a small transaction fee each time you make a trade or swap between cryptos. Overall, Exodus is a great choice for beginners who want an easy way to store and trade their crypto.
Atomic Wallet
Atomic is a convenient, safe and secure XLM wallet that supports not only XLM but also over 300 other cryptocurrencies. With Atomic, you can easily manage your crypto assets, exchange coins within the internal wallet and buy cryptocurrency with a credit card in a few clicks. In addition, Atomic has built-in Atomic Swaps that allow you to exchange one cryptocurrency for another without having to go through a third party exchange.
XLM Exchanges
If you are looking for a place to buy XLM cryptocurrency, there are a few different options available to you. You can purchase XLM on a number of different exchanges, including Binance, Kraken, and Coinbase. You can also buy XLM directly from Stellar.org. Let’s take a look at each of these options in more detail.
Binance
Binance is a leading crypto exchange with a wide range of pairs available to trade. You can buy XLM on Binance with fiat currency (USD, EUR, GBP, etc.) or with other cryptocurrencies. Binance offers both a basic and advanced trading interface, so you can choose the platform that best suits your needs. Binance is one of the most popular cryptocurrency exchanges and is trusted by millions of users around the world.
Kraken
Kraken is a US-based cryptocurrency exchange, founded in 2011. The exchange provides cryptocurrency to fiat trading, and provides price information to Bloomberg Terminal. As of May 2019, Kraken is available to residents of 48 US states and 176 countries, and lists 40 cryptocurrencies available for trade.
Coinbase
Coinbase is one of the most popular cryptocurrency exchanges and allows you to buy and sell several different cryptocurrencies, including XLM. You can buy XLM with USD, EUR, and GBP on Coinbase. To get started, create an account on Coinbase and link your bank account or credit card. Once your account is verified, you can start buying XLM.
XLM Price
Cryptocurrency is becoming more and more popular, with people of all ages and backgrounds investing in various coins. One popular coin is XLM, or Stellar Lumens. If you’re thinking of investing in this coin, you’re probably wondering “where can I buy XLM?” Keep reading to find out the answer to this question, as well as some general information about this cryptocurrency.
XLM Price History
XLM price has shown steady growth since it began trading in 2014, but the last few years have been especially good for the digital currency. XLM reached its all-time high price in 2019 and has continued to trade at high prices throughout 2020.
XLM is currently the sixth largest cryptocurrency by market capitalization, with a market cap of over $13 billion. The digital currency is widely available on major cryptocurrency exchanges and can be purchased with fiat currencies or other cryptocurrencies.
If you’re looking to buy XLM, there are a few things you should keep in mind. First, make sure you’re using a reputable exchange. There are many scams in the cryptocurrency space, so it’s important to do your research before trusting an exchange with your money.
Once you’ve found a reputable exchange, you’ll need to create an account and deposit funds into it. Cryptocurrency exchanges don’t generally accept fiat currencies (like USD), so you’ll likely need to purchase another cryptocurrency first and then exchange it for XLM.
Once you have XLM in your exchange account, you can hold onto it or begin trading it for other cryptocurrencies or fiat currencies. If you plan on holding onto your XLM for long-term investment purposes, make sure to keep your coins in a secure wallet Offline storage wallets like Ledger Nano S are generally considered the most secure option for long-term storage.
XLM Price Predictions
XLM is one of the most popular cryptocurrencies in the world, and its price has been on a roller coaster ride over the past few years. In 2018, XLM reached a high of $0.47, but it fell to a low of $0.12 in 2019. 2020 has been a volatile year for XLM, with the price reaching a high of $0.60 in February before falling to a low of $0.07 in March. Since then, the price has recovered and is currently trading at around $0.30.
Looking ahead, there is a lot of optimism about XLM’s future price performance. Several analysts are predicting that XLM will reach $1 by the end of 2020, while others are more bullish and are predicting that XLM will reach $5 by 2025.
One thing is for sure – XLM is a cryptocurrency to watch in the coming years!
