How to Buy Stellar Lumens (XLM) Coin – Stellar Lumens or XLM is one of the future-oriented coins to exist currently in the crypto world. It is my portfolio and I have no plans in selling it, because of it long term gains which I definitely don’t wanna miss out on and I really recommend you, people, not to sell, just hold the coins at least for a year. Don’t take my word, just do your own research. In this blog, we are writing this type of content on How to buy a particular coin because of the high request that we have been receiving. A ton of people have requested us to write on How to Buy Stellar Lumens or How to Buy XLM Coin, so in this article, we are writing on How to Buy Stellar Lumens or XLM Coin without much hassle and it’s pretty easy to buy also.
Stellar Lumens (XLM) is currently at 10.5 Billion USD in CoinMarketCap and it’s standing tall in rank 8 for a long time as of January.
What is Stellar Lumens (XLM)?
According to Stellar Lumens’s Website, Stellar Lumens is an open-sourced, distributed payments infrastructure, built on the premise that the international community needs “a worldwide financial network open to anyone.” Stellar Lumens will fill this need, connecting individuals, institutions, and payment systems through its platform.
In doing so, the Stellar Lumen’s team wants to make monetary transactions cheaper, quicker, and more reliable than they are under current systems. In addition, their protocol would connect people from all over the world by allowing for more efficient cross-border payments.
How to Buy Stellar Lumens (XLM) Coin – How to Buy XLM Coin?
Requirements to Buy Stellar Lumens XLM coin
- XLM Supporting Wallet
- Bitcoin or Ethereum
- Binance or Bittrex (Binance is Recommended)
Best Stellar Lumens (XLM) Wallet
Ledger Nano S (Recommended Wallet)
Ledger Nano S is a hardware wallet which is super good. It is almost impossible to hack this wallet because it is a hardware wallet. Ledger Nano S Supports all the major cryptocurrencies so you only need to buy it once and you can store all your coins in it. It supports all the major coins such as bitcoin, Ethereum, Litecoin, Cardano, Tron, XEM or NEM, XLM and other cryptocurrencies.
(Method 1) How to Buy Stellar Lumens (XLM) Coin – How to Buy XLM Coin? using Binance
1. Buy Bitcoin or Ethereum
Firstly, you need to buy Bitcoin or Ethereum to buy Stellar Lumens XLM because you cant use your fiat currency which is your normal currency that you use such as US Dollar or Euro or Indian Rupees.
These are the best place to buy Bitcoin (BTC)
- Coinbase (You will get free $10 worth of BTC if you buy BTC for $100)
- LocalBitcoin.com
These are the best place to buy Ethereum (ETH)
- Coinbase (You will get free $10 worth of ETH if you buy ETH for $100)
2. Register and get a Binance account
After you brought Bitcoin or Ethereum, you need to register and get a binance account. Why Binance?you might ask. Binance is the No 1 Exchange Platform currently. You can easily exchange your bitcoin or Ethereum to Stellar Lumens XLM coin using binance easily.
Click Here to Register a Binance Account
3. Deposit Bitcoin or Ethereum in Binance
After creating an account in binance, you need to deposit BTC or ETH in your binance account to buy Stellar Lumens XLM coins.
To Deposit BTC or Eth in Binance
- Top Right Hand Side, You will find Funds, in Funds drop-down click on Deposit and Withdrawal
2. Search for Bitcoin or Ethereum coin
3. Click on deposit
4. You will get a Bitcoin or Ethereum Deposit Address
5. Copy the address and transfer the required Bitcoin or Ethereum from Coinbase or LocalBitcoin to that Bitcoin or Ethereum address.
4. Buy Stellar Lumens XLM Coin
After depositing your BTC or ETH to Binance, now you can buy Stellar Lumens XLM coin in Binance.
To Buy Stellar Lumens XLM Coin
- Click on Exchange in Left Side Top, in drop-down click on basic.
- Select BTC or ETH on the right side.
- Click on XLM/BTC if you are buying using Bitcoin or Click on XLM/ETH if you are buying using Ethereum.
- Enter Price and Amount.
- Click Buy XLM.
(METHOD 2) How to Buy Stellar Lumens (XLM) Coin – How to Buy XLM Coin? using Bittrex
1. Buy Bitcoin or Ethereum
Firstly, you need to buy Bitcoin or Ethereum to buy Stellar Lumens XLM because you cant use your fiat currency which is your normal currency that you use such as US Dollar or Euro or Indian Rupees.
These are the best place to buy Bitcoin (BTC)
- Coinbase (You will get free $10 worth of BTC if you buy BTC for $100)
- LocalBitcoin.com
These are the best place to buy Ethereum (ETH)
- Coinbase (You will get free $10 worth of ETH if you buy ETH for $100)
2. Register and get a Bittrex account
After you brought Bitcoin or Ethereum, you need to register and get a Bittrex account. You can easily exchange your bitcoin or Ethereum to Stellar Lumens XLM coin using Bittrex easily.
3. Deposit Bitcoin or Ethereum in Bittrex
After creating an account in Bittrex, you need to deposit BTC or ETH in your Bitrrex account to buy Stellar Lumens XLM coins.
To Deposit BTC or Eth in Bittrex
- Click on Wallets in Right Side Top Menu Bar.
- Click on Add or + icon in Bitcoin to Deposit Bitcoin or Click + in Ethereum to deposit eth.
- A Unique deposit address will be generated.
- Copy the address and transfer the required Bitcoin or Ethereum from Coinbase or LocalBitcoin to that Bitcoin or Ethereum address.
4. Buy Stellar Lumens XLM Coin
After depositing your BTC or ETH to Bittrex, now you can buy Stellar Lumens XLM coin in Bittrex.
To Buy Stellar Lumens XLM Coin
- Click on Market on Top Left Hand Side Top Menu Bar.
- Click on XLM/BTC if you are buying using Bitcoin or Click on XLM/ETH if you are buying using Ethereum.
- Enter Price and Amount.
- Click Buy XLM.
Conclusion on How to Buy Stellar Lumens XLM Coin – That’s it. All you need to do is to follow all the given steps in the above methods. If you do it properly you will definitely buy Stellar lumens or XLM without wasting much of your money. If you like this article please share it with your friends and if you have any problem please don’t hesitate to comment below or use the contact us page to reach and we will definitely get back to you.
