Stellar Buy 2021 – The XLM Token Guide
How to buy Stellar? The cryptocurrency has generated a lot of interest in the recent past, but it still seems unclear to many how to invest in Stellar.
That’s why we show in this article how and where you can best buy Stellar, which exchanges there are and whether you can also get XLM tokens with PayPal, SOFORT-Überweisung and Co.
- 1 Stellar Buy 2021 – The XLM Token Guide
- 2 Buying Stellar: What to look out for
- 3 How to buy Stellar: Guide in three steps
- 4 Broker or stock exchange: Where is the best place to buy Stellar?
- 5 To buy Stellar or not?
- 6 Pros and cons Stellar Investment
- 7 What are the fees for buying Stellar?
- 8 Stellar Wallets: Which wallets are useful for post-purchase storage?
- 9 Stellar Course: Important Milestones in the History of Stellar
- 10 Alternatives to Stellar: buy other cryptocurrencies or shares
- 11 How to Buy Stellar 2020 – FAQs
Buying Stellar: What to look out for
Since 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 share price?
- How does a Stellar Wallet work?
- Is it worth investing in Stellar?
How to buy Stellar: Guide in three steps
Buy Stellar with PayPal, Sofortüberweisung and more
In our example we show the purchase with credit card. eToro also offers other ways to deposit:
|Buy Stellar with credit card|
|Buy Stellar with PayPal|
|Buy Stellar with SOFORT Bank Transfer|
|Buy Stellar with Rapid Transfer|
|Buy Stellar with Skrill|
|Buy Stellar with bank transfer|
|Buy Stellar with Neteller|
|Buy Stellar with UnionPay|
Broker or stock exchange: Where is the best place to buy Stellar?
For short-term speculation, it is advisable to use a CFD broker, where you speculate on the price development of Stellar without holding the underlying asset directly. 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:
To buy Stellar or not?
Stellar has been a real success story in the recent past and the increasing interest from traders has led to a value of over €1.7 billion in 2020.
Thus, Stellar is one of the most popular cryptocurrencies at all. In the hit list of the most popular cryptocurrencies, Stellar occupies 14th place.
Pros and cons Stellar Investment
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 there are various ways to buy XLM.
Kryptoszene.de explains in concise instructions how to buy Stellar Lumens easily and uncomplicatedly. This way, even crypto beginners should be able to open an account with a broker or an exchange in no time.
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 decide: 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 dedicate oneself to the coin by 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 also have to live with the risk that your personal investment and forecast is not successful and that you have to lament the entire loss of an 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.
What are the fees for buying Stellar?
To make the fees comparable when buying Stellar, let’s take the following example:
- We would like to buy Stellar worth €1,000
- We would like to hold the Stellar for a 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:
|Deposit||free of charge||3,99%||free of charge|
|Holding fees||free of charge||free of charge||0,05%|
|Payment||5 USD||0.15 USD||1,9%|
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 will therefore have no choice but to look for a wallet provider.
Since there are a number of criteria to be considered here that 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.
Stellar Course: 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.
- 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. Since 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. Since Stellar, as we all know, did not catch on, the share price dropped again to 16 cents 2 months later.
- Following the announcement of the implementation of Stellar in the Lightning network, the share price jumped from 16 to 35 cents in April and May 2018. However, this increase was short-lived until July, when the share price returned to its previous level of 16 cents.
- Islamic institutions 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 two camps, which led to a sustained fall of 10 cents in November/December 2019.
- Western Union got on board with Stellar as another share. 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-term increase of 4 cents.
- In addition to Bitcoin, ATM now also uses Stellar Lumens. Thus, Stellar Lumens can also be purchased at 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.
In many forums, people like to discuss how to buy Stellar shares. However, 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 always be kept up to date, it is worth taking a regular trip to the crypto scene news.
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 your services.
Alternative 2: Opportunities in 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.
- Buy Ripple: With the support 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 shares
Another alternative is crypto stocks: chip manufacturers, mining companies and even the Bitcoin Group have been able to post strong gains so far.
- Bitcoin shares: For those who believe 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