Stellar (XLM) is a decentralized blockchain network used mainly for cross-border payments. It serves both corporate clients such as banks, fintech companies and payment companies, as well as individuals who need to make international payments.
The network uses XLM, its native token to provide liquidity for the settlements which are finalized in seconds and cost just a fraction of a dollar. Because of the speed and cost-efficiency of these transactions, Stellar is becoming very popular in the industry.
Apart from being used for liquidity on the Stellar network, XLM is also an investment asset that has been held by investors since it was launched in 2014. With the increasing popularity of crypto networks for payments, the value of the token is likely to increase as demand continues to rise.
If you’re interested in buying it, the following are the best crypto exchanges that you can use to buy right now.
Binance
This is the largest crypto exchange by trading volume and also the best place to buy XLM. You can use it regardless of your level of crypto knowledge, because of the simplicity of the platform which makes it usable by anyone.
You can also use it as a pro trader, with advanced tools available on the pro version of the exchange. There are over 350 other crypto assets listed on the platform apart from XLM, and you can swap some such as USDT to get XLM.
However if you’re brand new, you can use fiat to buy through your debit or credit card. This is instant and anyone familiar with cards can do it. Binance charges very low fees, so it is a great place to buy and trade your XLM.
Coinbase
If you’re in the United States trying to buy XLM, Coinbase is the perfect platform for you. This is not to say however that you can’t use the platform outside of the U.S. The platform however favors U.S users with lower fees and other perks.
This is important considering the fact that Coinbase fees can be quite on the high side. The exchange charges fees that are higher than those on most crypto exchanges, which is why many people avoid it, but its notable strength is its beginner-friendly design.
You can use fiat currencies like USD and EUR to buy XLM here by first depositing on the exchange via bank transfer or any other means. Alternatively, you can use your debit or credit card, which is more expensive but has almost instant settlement.
Bybit
This is a crypto trading platform for the pros, as it is a crypto derivatives trading platform. Like the others, you can use it to buy XLM easily, but trading on it may be challenging for beginners. The exchange supports over 1,000 crypto assets, someone of which you can swap to get XLM.
The most popular method to buy though is to use a debit or credit card. This is instant and easy for anyone to do, even though it may be slightly more expensive. Thankfully, the fees on Bybit are significantly lower than those on other exchanges.
If you plan on buying and trading more altcoins, this exchange is perfect also, with the many supported cryptocurrencies which give you a wide range of options.
CEX.IO
If you’re in the U.K looking for a great platform to buy XLM, CEX.IO is the perfect place. It is an exchange located in the U.K where it is also closely monitored and regulated by the Financial Conduct Authority (FCA).
This exchange is famous for its simplicity and user-friendliness, which makes it a perfect place for both beginners and advanced traders and investors. It is also known to charge some of the lowest fees in the industry.
To buy XLM, the most popular method is to used your debit or credit card to buy instantly with no hassle whatsoever.
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