How to buy Stellar Lumens
XLM
Simply put, Stellar is a blockchain for storing and moving money. It is designed so all the world’s financial systems can work together on a single network. Stellar’s cryptocurrency, the Stellar Lumen (XLM), powers the Stellar payment network. Stellar aims to connect banks, payment systems, and individuals quickly and reliably. You can buy and sell XLM for any major cryptocurrency – like BTC and XRP – or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade XLM for BTC the same way you trade CAD for USD. You can also trade XLM to CAD based on the XLM price. To learn how to buy Stellar Lumens / XLM, scroll down to see how to buy Stellar Lumens.
Stellar was created in 2014 by the Stellar Development Foundation. Jed McCaleb, co-founder of Ripple, is among the founders of Stellar Lumens. Stellar was introduced as a facilitator for global payments that also maintained the integrity of financial transactions. Lumens, the currency of the Stellar network, was created for this purpose. It acts as a neutral currency on Stellar-backed payment portals, so that no national currency is ‘preferred’ and everyone across the globe enjoys a transparent, frictionless and agnostic payment facilitator.
You may want to consider buying XLM if you would like to:
Diversify your portfolio by introducing a variety of digital assets
Settle cross-border payments made on any platform that uses the Stellar network
Trade it for Bitcoin to hold or buy/sell good online
Stellar (XLM)
All prices are in USD.
How to buy Stellar Lumens
XLM
Simply put, Stellar is a blockchain for storing and moving money. It is designed so all the world’s financial systems can work together on a single network. Stellar’s cryptocurrency, the Stellar Lumen (XLM), powers the Stellar payment network. Stellar aims to connect banks, payment systems, and individuals quickly and reliably. You can buy and sell XLM for any major cryptocurrency – like BTC and XRP – or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade XLM for BTC the same way you trade CAD for USD. You can also trade XLM to CAD based on the XLM price. To learn how to buy Stellar Lumens / XLM, scroll down to see how to buy Stellar Lumens.
Here’s how to buy Stellar Lumens on Quick Trade
Buying Stellar Lumens is just like foreign exchange of traditional currencies like the Canadian Dollar, US Dollar, or Euro. You trade coins that you have – either a cryptocurrency or a dollar – for Stellar Lumens, which trades as XLM. Based on when you think you can get a good XLM price, you should be able to trade XLM to CAD.
To buy Stellar Lumens, simply follow these steps:
Sign up for a Quick Trade account and verify your identity
This is the first step to buying XLM. Verifying your identity helps us to properly connect your funds to your account.
Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
After funding, select XLM from the list on the trade section
Quick Trade lets you trade XLM without leaving the app. You can also check the Stellar Lumens stock price and convert XLM to CAD on the platform.
Select a currency you’ve funded and use it to check the XLM price
In the Quick Trade app, all currencies available to trade can be found in the drop down list.
Buy XLM
Congratulations! You’re now the proud owner of XLM. You can either HODL or use it to exchange XLM to CAD. To the moon!
Stellar was created in 2014 by the Stellar Development Foundation. Jed McCaleb, co-founder of Ripple, is among the founders of Stellar Lumens. Stellar was introduced as a facilitator for global payments that also maintained the integrity of financial transactions. Lumens, the currency of the Stellar network, was created for this purpose. It acts as a neutral currency on Stellar-backed payment portals, so that no national currency is ‘preferred’ and everyone across the globe enjoys a transparent, frictionless and agnostic payment facilitator.
You may want to consider buying XLM if you would like to:
Diversify your portfolio by introducing a variety of digital assets
Settle cross-border payments made on any platform that uses the Stellar network
Trade it for Bitcoin to hold or buy/sell good online
Where do I keep my XLM?
At Coinsquare, we offer customers the power of easy transactions and cold storage security. We’re constantly organizing funds to ensure our customers trade instantly and securely. There are different storage options available for your cryptocurrency, your choice should ultimately be the one that suits your needs. Mobile and web wallets can make transactions easy as the currencies are accessible directly from your phone or device, whereas hardware wallets are best suited for secure, long-term storage as they eliminate the vulnerability found in online environments.
Ready to add XLM to your portfolio?
Create your account, fund it with spare change and get a little bit of XLM.
Prices and percentage changes are for information purposes only and in no way reflect Coinsquare Ltd.’s speculation of market direction. Past performance is not an indicator of future performance. Please find our Risk Disclosure statement here.
