How You Can Buy Stellar in the UK

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How to buy Stellar? The cryptocurrency has generated a lot of interest in the recent past, but it still seems unclear to many how you can invest in Stellar.

Therefore, in this article we show how and where you can best buy Stellar, which exchanges there are and whether you can also get the XLM tokens with PayPal, SOFORT transfer and Co.

Bitcoin Stellar

Buying Stellar: What to look out for

Because Stellar uses tangle technology, there are some differences to buying bitcoin, for example. Above all, one should pay attention to the following factors:

  •     Where is the best place to buy Stellar?
  •     Do I want to hold Stellar for the long term, use it for IoT applications or speculate on the exchange rate?
  •     How does a Stellar wallet work?
  •     Is it worth investing in Stellar?

Where to buy Stellar? Broker and exchange comparison:

1.Trade real cryptos and crypto CFDs
2. Licensed broker with deposit protection
3. Integrated wallet

1. fully regulated broker
2. numerous awards
3. Libertex experience for more than twenty years


1. User-friendly platform
2. 0% commissions
3. Deposit from 20€

1. many tradable assets
2. excellent trading platform
3. European licence

1. huge selection of coins
2. fair fees
3. solid support

How to buy Stellar: Three-step guide

Below we will now show you in detail how to get Stellar into your portfolio. We use our test winner for Stellar - eToro, because it offers the advantage that you can buy real Stellar Lumens' as well as CFDs with leverage - thus combining the advantages of a broker and an exchange.

We will go into the differences between broker and exchange later.

First step: Registering with a broker or crypto exchange

First, you register with a broker or crypto exchange.

For our example, we have chosen eToro because here we can buy real Stellar to hold as well as Stellar derivatives to speculate.

In the form, we enter our user name, email and password and accept the terms and conditions:
We then receive a verification email in which we click on the link to confirm the account.

Second step: Top up our account

In the next step, we need to fund our account with money in order to buy Stellar. To do this, we click on the "Deposit money" button at eToro:

Then we choose the amount and the payment method we want to deposit with and then click on the "Send" button to deposit the amount.

Buy Stellar with PayPal

In our example we show the purchase with credit card. However, eToro also offers other ways to deposit:

Payment option    

possible?

Buy Stellar with credit card

ok

Buy Stellar with PayPal

ok

Buy Stellar with SOFORT Bank Transfer

ok

Buy Stellar with Skrill

ok

Buy Stellar with Bank Transfer

ok

Buy Stellar with Neteller

ok

Buy Stellar with UnionPay

ok

Third step: Buy Stellar

Now that we have topped up our account, we can start with the actual purchase of Stellar. To do this, we click in the search box at the top and enter "Stellar" there.

The purchase window then opens. Here we have the following options:

    Buy or sell: In our case we have to set it to "buy".


    Trade or order: Here we can choose whether we want to execute the trade immediately (trade) or delayed (order).


    Amount: How much Stellar wants to buy.


    Stop Loss and Take Profit: At which loss or profit our position should be sold automatically.


    Leverage: With which leverage we want to buy Stellar. With leverage X1 we buy real Stellar, with leverage X2 we buy leveraged Stellar CFDs.

After we have configured all options, we click on the "Open Trade" button to complete the purchase.

We then have the Stellar in our portfolio, the purchase is complete!

Broker or stock exchange: Where is the best way to buy Stellar?

Now that we have shown one way to buy Stellar quickly, easily and safely, there are of course other ways.

The question of how and where to buy Stellar is closely related to the second question, namely whether you want to hold Stellar for the long term or speculate on the price development in the short term.

For short-term speculation, a CFD broker is recommended, where one speculates on the price development of Stellar without directly holding the underlying asset. The advantage of a broker is that you can also trade with leverage, so that even small price fluctuations can result in high profits or losses.

If you want to hold Stellar for a longer period of time, you are better off with a crypto exchange:

Broker and exchange in one: eToro

Our recommendation: Buy cryptos with eToro

    Incl. wallet
    Buy and sell cryptocurrencies directly in the wallet
    Paypal, credit card and instant bank transfer
    Regulated provider
    Real cryptos or CFD trades

To buy Stellar or not?

Stellar has been a real success story in the recent past and the increasing interest of traders led to a value of over 1.7 billion euros in 2020.

Thus, Stellar is one of the most popular cryptocurrencies of all. In the hit list of the most popular cryptocurrencies, Stellar occupies 14th place.

Pros and Cons

Pros

  •    Lightning fast payments (under 4 seconds)
  •     Minimal fees (0.01€ for 600,000 transfers)
  •     Extremely high scalability with 10000 transactions per second
  •     Non-profit organisation
  •     Reversible & freezable

Cons

  • If the non-profit organisation is unsuccessful, the coin also disappears
  • General risk of cryptocurrencies

The popular blockchain technology Stellar Lumens has set itself the task of simplifying international payments. Stellar Lumens' own cryptocurrency is called XLM. Anyone who wants to buy XLM can do so on Binance, for example. So you can use different ways to buy XLM.

Cryptocurrencies are not regulated and their prices can fluctuate greatly. Therefore, cryptocurrencies are not suitable for all investors. Trading cryptocurrencies is not subject to any supervision by EU regulators. Your capital is exposed to risks. Past performance is not indicative of future results. This communication does not constitute investment advice.

Sooner or later you will have to make a decision: do you want to buy Stellar Lumens or do you simply want to profit from price developments. If the latter is the case, then one could devote oneself to the coin via trading with CFDs. Such derivatives allow the trader to bet on both rising and falling prices. In doing so, the value of the asset only serves as a point of reference for the investment. It describes the underlying asset. This brings a decisive advantage. You don't have to buy Stellar Lumens first to be able to earn returns from it. This naturally increases the potential returns.

On the other hand, you have to live with the risk that your personal investment and forecast is not successful and that you have to lament the total loss of your investment. This makes it all the more important to diversify your portfolio as much as possible. Options trading is an excellent way to do this. Theoretically, you can find out within a short time whether your own Stellar Lumens predictions were correct and whether you are entitled to profits. Trading the coin in this way gives you enormous flexibility.

Buy Stellar

Buy Stellar now at eToro

   real Stellar or Stellar CFDs with only one broker
    Government regulated broker
    Fast deposit and withdrawal
    fair fees
    over 14 other cryptos

What are the fees for buying Stellar?

To make the fees for buying Stellar comparable, let's take the following example:

  •     We want to buy Stellar worth €1,000.
  •     We would like to hold the Stellar for one month and then pay it back into our account in Euros.
  •     For simplicity's sake, let's assume that the exchange rate does not change during the 30 days.

    With these assumptions, we now go through the fees of the largest providers:

Provider    

etoro

coinbase

Plus500

Deposit    

free of charge

3,99%

free of charge

Purchase fees

2.45%

1,49%

3,08%

Holding fees

free of charge

free of charge

0,05%

Sales charges

2.45%

1,49%

3,08%

Payment

5 USD

0,15 USD

1,9%

Total fees

52,62€

68,24€

92,32€

Stellar Wallets: Which wallets are useful for post-purchase storage?

What about the need for a Stellar wallet? Crypto currencies are characterised by the fact that they are managed in such digital wallets.

Without a wallet, it is therefore not possible to manage, send or receive Stellar. Anyone who wants to buy or trade Stellar cannot avoid looking for a wallet provider.

Since some criteria have to be considered here, which would go beyond the scope of this article, here is the link to the wallet comparison:

By the way: eToro and many other brokers offer an integrated wallet so that beginners can rely on it for the time being. If the investment amounts increase later, we recommend a hardware or software wallet.

Which wallets are

Stellar Price: Important Milestones in the History of Stellar

The cryptocurrency has already had some highs and lows. We show the most important milestones in the history of Stellar.

cryptocurrency has already

  •    A hacker printed €10 million worth of XLM tokens in April & May 2017. This briefly caused the value to rise from €0.003 to €0.04. However, as this vulnerability was quickly fixed and thus also published, the value quickly dropped again to around €0.01.
  •     In October, Stellar entered into a partnership with hardware giant IBM. The reason for this was the use of Stellar for international payments. After this information, many shareholders thought that Stellar had taken a step towards being traded as a real currency. So from October 2017 to January 2018, the share price shot up from 0.02 cents to an incredible €0.77. That's 3400% in just 4 months. As we all know Stellar didn't catch on, 2 months later the share dropped back down to 16 cents.
  •     After the announcement to implement Stellar into the Lightning network, the share jumped from 16 to 35 cents in April and May 2018. However, this rise was short-lived until July, when the share price returned to its previous level of 16 cents.
  •     Islamic institutional investors such as Sharia are taking notice of Stellar. In addition to various certificates, Stellar received the Sharia certificate in July 2018, which caused the share price to rise briefly by 10 cents.
  •     With Ripple, Stellar's strongest competitor entered the race and ousted the coin from its sole throne. Thus, the shareholders split into 2 camps, which led to a sustained fall of 10 cents in November/December 2019.
  •     Western Union got on board with Stellar as another stock. The international payment service provider announced that they had previously tried to implement Ripple, but were not satisfied with it. So in March 2019, Stellar joined in, which resulted in a short-lived increase of 4 cents.
  •     In addition to Bitcoin, ATM now also relies on Stellar Lumens. Stellar Lumens can also be purchased from ATM's crypto ATMs. Since this news in February 2020, the share has risen constantly (except for a short Corona slump) by 1 cent every month.

Alternatives to Stellar: buy other cryptocurrencies or shares

In many forums, people like to discuss how to buy Stellar shares. Such interested traders do not consider that Stellar is a non-profit organisation.

However, it is not said that it is possible to invest in Stellar with shares. In order to be kept up to date, it is worthwhile to check back regularly.

Alternative 1: Stellar shares

One option would be to invest in companies that have started a cooperation with the Stellar Foundation. In this respect, IBM or Western Union, for example, would be relevant.

    IBM: The company is one of the first partners of Stellar Lumens. They use Stellar for international payments.
    Western Union: The company started a cooperation with Stellar Lumens so that it can serve as a payment option for its services.

Alternative 2: Opportunities in the field of cryptocurrencies

Apart from that, there are also other cryptocurrencies that definitely have potential:

    Buy Bitcoin: The top dog among cryptocurrencies is considered by many to be the "digital gold" and one of the most stable cryptos in terms of value.
    Buy Ripple: With the backing of many banks, Ripple is a good alternative to Stellar
    Buy Ethereum: Ethereum is the solution for smart contracts and takes a broadly similar approach to Stellar

Alternative 3: Crypto stocks

Another alternative is crypto stocks: chip manufacturers, mining companies and even the Bitcoin Group have been able to post strong profits so far.

    Bitcoin shares: If you think that Bitcoin will outperform Stellar, Bitcoin shares are a good alternative.
    NVIDIA shares: NVIDIA produces important graphics chips especially for mining - if the crypto boom continues, NVIDIA is certainly a good investment.

Broker and exchange in one: eToro

Our recommendation: Buy cryptos with eToro

    Incl. wallet
    Buy and sell cryptocurrencies directly in the wallet
    Paypal, credit card and instant bank transfer
    Regulated provider
    Real cryptos or CFD trades

FAQ

How to buy Stellar?

A real purchase of the coins is only possible via crypto exchanges. Here, you select the corresponding currency pair and can have the coins paid out after the successful trade.

Normally, you will be able to get to Stellar with Bitcoin. On certain exchanges, you can even find currency pairs with euros or US dollars.

Is it possible to buy Stellar Lumens with a credit card?

Even though it will probably not be possible to make a purchase directly with a credit card, this should pave the way to Stellar. You simply make a Bitcoin purchase on the Coinbase platform and then trade these Bitcoin for Stellar on Binance.

Brokers like eToro also accept credit cards as a means of payment.

Is it possible to trade Stellar with Paypal?

This is possible with the brokers eToro and Plus500. On other exchange platforms, it is not uncommon for only crypto currencies to be accepted.

Bank transfers and credit card payments are also common with brokers.

What is the difference between a broker and an exchange?

A broker (e.g. eToro or 24Option) uses the price of the cryptocurrency to enable CFD trades. However, such derivatives are designed in such a way that the coins do not have to be purchased directly. This means that you can profit from developments in value without actually buying Stellar Lumens. Exchanges and exchanges, on the other hand, serve the real transfer of the coins.

What do the Stellar Lumens prospects say?

No one can predict the future. But there are some indications that the times of pure speculation in the crypto market are slowly over.

From now on, it will be the actual value of the coins that counts. Stellar wants to demonstrate this benefit through a cooperation with the chip giant IBM. Should this lead to breakthroughs and successes, the prospects are very good.

Do I need a Stellar Wallet?

If you use brokers like our test winner, a wallet is not necessary. After all, you don't have to manage any coins.

The situation is different when using real crypto exchanges like Binance. Since you can only deposit with online currencies here, you can hardly get around a digital wallet.

What fees should I expect?

Basically, transactions in the Stellar network are characterised by negligible fees. If you use the services of brokers or exchanges, you have to reckon with various extra payments. These can include deposit fees, but also transaction and even inactivity fees.

Hi, my name is Benzion. I have twelve years of experience in the Forex industry, and I have launched two successful crypto trading services. I have in-depth experience on several blockchain networks like Bitcoin, Etheruem, EOS, Cardano, Hyperledger, ICON, Komado, etc. I also have in-depth knowledge of blockchain techniques, including various consensus mechanisms, DLT, smart contracts, security, and privacy measures. Benzion Friedman