How to Buy Stellar Lumens (XLM)
Stellar (XLM) is a protocol designed for use by payment providers and financial institutions that acts as a kind of decentralized exchange allowing users to transfer any kind of asset.
For a more comprehensive overview that breaks down how Stellar works, be sure to read our “What is XLM?” primer. It covers the key points you’ll need to know before you buy XLM, such as who created it and an explanation of its technology stack.
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Why buy XLM?
XLM has a finite supply, fixed at just over 50 billion, which could add to its value over time if the Stellar network matures and becomes widely used for payments or exchange.
- Pay the cost of sending transactions over the XLM Ledger
- Use XLM as a long-term crypto portfolio strategy
- Day trade or pursue short-term profits
Where can I buy XLM?
The easiest way is to buy XLM through an exchange, like Kraken.
Aside from offering a simple interface and the lowest fees in the industry, Kraken is constantly rated one of the most secure and trusted crypto exchanges in the world. This matters because if you lose your crypto it is nearly impossible to recover your losses.
At Kraken, we take security seriously with state-of-the-art technology and procedures that protect client funds. We do not compromise when it comes to security, and neither should you.
Looking to buy XLM on a budget? Don’t worry, Kraken offers a minimum order size of 20 XLM to help you gain exposure to a variety of assets.
Of course, you can also execute larger XLM buy orders as well. It wouldn’t be out of the ordinary for larger traders to purchase or trade 100,000 XLM or more on Kraken.
How to buy XLM on Kraken
The steps below outline how to buy XLM using the Kraken platform:
Verify your account
You can buy XLM with other cryptocurrencies like bitcoin or ether, simply by providing your name, date of birth, country and phone number. If you’d like to use cash, like USD or EUR, you’ll need additional support documents verifying your identity. For more information, see our verification levels documentation.
Deposit crypto or cash
To deposit crypto, you simply create a deposit address and send the deposit from your wallet to that address. For cash deposits, we offer a variety of funding methods depending on your location and preferences. Browse through our support documents to choose the best option for you.
Once your cash hits your account, you’re ready to buy XLM. Simply open the New Order page, fill out the order form and click BUY. With your Kraken account you’ll also have access to our charting tools, 24-hour global client support, advanced order types and leveraged trading.
Trading is really pretty simple! If you have any questions about buying Stellar Lumens, let us know. Our support staff is online all day, every day, ready to help.
You can reach us anytime on LiveChat or by email.
Where to keep your XLM
当您完成购买XLM后, 您需要采取措施对其进行保护。最好的方法是使用支持XLM的钱包。 钱包允许您发送、接收和存储加密货币。
It’s important to note that Kraken is an exchange service and not a wallet service. So, while we allow clients to hold funds while they’re being used to make trades, consider separating your holdings into more than one wallet. After all, it is never good to keep all of your eggs in one basket, even one protected by the mighty Kraken!
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