How to buy Stellar? The cryptocurrency has generated quite a lot of interest recently, but it is still unclear to many how to invest in Stellar.

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

Buying Stellar: What to look out for

As Stellar uses Tangle technology, there are some differences with buying bitcoin, for example. First and foremost, 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 portfolio work?
  • Is Stellar worth investing in?

How to buy Stellar: Three-step guide

Below we will show you in detail how to include Stellar in your portfolio. We use our test winner for Stellar – eToro, as 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.

The differences between brokers and exchanges will be discussed below.

First step: Register with a cryptocurrency broker or exchange

First, you register with a cryptocurrency broker or exchange.

For our example, we chose eToro because here we can buy both real Stellar for holding and Stellar derivatives for speculation.

First, we click on the link to register with eToro:

In the form we enter our user name, e-mail address 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.

Step 2: Topping up the account

In the next step, we need to fund our account with money to buy Stellar. To do this, we click on the “Deposit Money” button on eToro:

 

Next, we select the amount and the payment method we want to deposit with, and then click on the “Submit” button to deposit the amount.

Buy Stellar with PayPal, Sofortüberweisung and more

In our example we show a credit card purchase. eToro also offers other deposit methods:

Payment option

Is it possible?

Buy Stellar with a credit card

 

Buy Stellar with PayPal

 

Buy Stellar by bank transfer SOFORT

 

Buy Stellar with Rapid Transfer

 

Buy Stellar with Skrill

 

Buy Stellar by bank transfer

 

Buy Stellar with Neteller

 

Buy Stellar with UnionPay

 

Step three: Buy Stellar

Now that we have funded our account, we can start the actual purchase of Stellar. To do this, we click on the search box at the top and enter “Stellar”.

We then click on the “Trade” button:

 

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

  1. Buy or sell: In our case we have to set it to “buy”.
  2. Operation or order: Here we can choose whether we want to execute the operation immediately (operation) or deferred (order).
  3. Quantity: How much you want to buy Stellar
  4. Stop Loss and Take Profit: At what loss or profit our position should be automatically sold.
  5. Leverage: With which leverage we want to buy Stellar. With leverage X1 we buy real Stellar, with leverage X2 we buy leveraged Stellar CFDs.

Once we have configured all the options, we click on the “Open transaction” button to complete the purchase.

Subsequently, we have the Stellar in our portfolio, the purchase is complete!

Broker or exchange: which is the best place to buy Stellar?

Now that we have shown you 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 strongly related to the second question, i.e. whether to hold Stellar for the long term or rather to speculate on the short-term price development.

For short-term speculation, it is advisable to use a CFD broker, where you can 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 large profits or losses.

If you want to hold Stellar for the long term, it is best to do so with a crypto-exchange:

To buy or not to buy Stellar?

Stellar has been a real success story in the recent past and growing interest from operators has resulted in the company being valued at more than €1.7 billion by 2020.

Thus, Stellar is one of the most popular cryptocurrencies in history. In the list of the most popular cryptocurrencies, Stellar ranks 14th.

Pros and cons of stellar investment

  • Lightning-fast payments (less than 4 seconds)
  • Minimum fees (€0.01 for 600,000 transfers)
  • Extremely high scalability with 10000 transactions per second
  • Non-profit organisation
  • Reversible and freezable
  • In case the non-profit organisation is unsuccessful, the currency also disappears.
  • General risk of cryptocurrencies

The popular blockchain technology Stellar Lumens has set out to simplify international payments. Stellar Lumens’ own cryptocurrency is called XLM. Anyone who wants to buy XLM can do so on Binance, for example. So to buy XLM you can use different ways.

Goldreward.io explains in concise instructions how to buy Stellar Lumens easily and without hassle. So even crypto beginners should be able to open an account with a broker or exchange in no time.

Cryptocurrencies are unregulated and their prices can fluctuate widely. Therefore, cryptocurrencies are not suitable for all investors. Cryptocurrency trading 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 movements? If this is the case, then one could engage in currency trading through CFD trading. These derivatives allow the trader to bet on both rising and falling prices. Here, the value of the asset only serves as a reference point for the investment. It describes the underlying asset. This has a decisive advantage. One does not have to buy Stellar Lumens uniformly first, in order to be able to earn returns from this. This, of course, increases the potential returns.

On the other hand, you also have to live with the risk that your personal investment and foresight will not be successful and you will have to mourn the total loss of an investment. It is even more important to diversify your portfolio as much as possible. However, options trading allows you to do this excellently. Theoretically, you can find out in a few moments whether your own Stellar Lumens predictions were correct and whether you are entitled to profits. This form of currency trading gives enormous flexibility.

What are the rates for buying Stellar?

To make Stellar’s buying commissions comparable, let’s take the following example:

  • We would like to buy Stellar for 1,000 euros.
  • We would like to hold the Stellar for one month and then return it to our euro account.
  • For the sake of simplicity, let us assume that the rate does not change during the 30 days.

Based on these assumptions, we will review the costs invoiced by the main suppliers:

Prestataire

etoro

coinbase

Plus500

Dépôt

free of charge

3,99%

free of charge

Purchase price

2,45%

1,49%

3,08%

Frais de participation

free of charge

free of charge

0,05%

Selling price

2,45%

1,49%

3,08%

Payments

5 USD

0.15 USD

1,9%

Total frais

52,62€

68,24€

92,32€

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

And the need for a Stellar wallet? Cryptocurrencies are characterised by the fact that they are managed in this type of digital wallet.

Without a wallet it is not possible to manage, send or receive Stellar. Therefore, anyone who wants to buy or trade Stellar will have to look for a wallet provider.

As some criteria beyond the scope of this article need to be taken into account, here is the link to the portfolio 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 investment amounts increase later on, we recommend a hardware or software wallet.

Stellar Course: Important milestones in Stellar’s history

The cryptocurrency has had its ups and downs. Here are the most important milestones in Stellar’s history.

 

  1. A hacker printed €10 million worth of XLM tokens in April and May 2017. This caused the value to briefly rise from €0.003 to €0.04. As this vulnerability was quickly fixed and therefore also published, the value quickly dropped back to around €0.01.
  2. In October, Stellar entered into a partnership with hardware giant IBM. The motive was to use Stellar for international payments. Following this information, many shareholders thought that Stellar had taken a step towards its commercialisation as a real currency. As a result, from October 2017 to January 2018, the stock skyrocketed 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 stock plunged again to 16 cents.
  3. Following the announcement of Stellar’s implementation on the Lightning network, shares jumped from 16 cents to 35 cents in April and May 2018. However, this increase was short-lived until July, when the price returned to its previous level of 16 cents.
  4. Islamic institutions such as Shariah are taking note of Stellar. Among several certificates, Stellar received Shariah’s in July 2018, which briefly pushed the stock up 10 cents.
  5. With Ripple, Stellar’s strongest competitor entered the race and unseated the coin from its sole throne. Thus, shareholders have split into 2 camps, leading to a sustained 10 cent drop in November/December 2019.
  6. Western Union jumped on board Stellar as another stock. Thus, the international payment service provider announced that it had already tried to implement Ripple, but was not satisfied. So now in March 2019 Stellar was added, which brought a short-lived increase of 4 cents with sicht.
  7. In addition to Bitcoin, ATM now also relies on Stellar Lumens. Thus, Stellar Lumens can also be purchased at cryptocurrency ATMs. Since this news in February 2020, the stock has risen steadily (except for the brief slump in Corona) by 1 cent every month.

Alternatives to Stellar: buying other cryptocurrencies or shares

Many forums discuss how to buy Stellar shares. However, these interested traders do not take into account that behind Stellar is a non-profit organisation.

However, it cannot be said that there is an opportunity to invest in Stellar with shares. To keep up to date, it is worth visiting Goldreward News on a regular basis.

Alternative 1: Stellar actions

One option would be to invest in companies that have entered into 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 payment traffic.
  • Western Union: The company initiated a cooperation with Stellar Lumens so that it can serve as a payment option for its services.

Alternative 2: Opportunities in cryptocurrencies

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

  • Buy Bitcoin: The top dog among cryptocurrencies, it is considered by many to be the “digital gold” and one of the most stable cryptocurrencies.
  • Buying 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 very similar approach to Stellar.

Alternative 3: CryptoShares

Another alternative is cryptocurrency stocks: chipmakers, mining companies and even the Bitcoin group have posted strong gains so far.

  • Bitcoin stocks: For those who think Bitcoin will outperform Stellar, Bitcoin stocks are a good option
  • NVIDIA shares: NVIDIA produces important graphics chips especially for mining – if the cryptocurrency boom continues, NVIDIA is certainly a good investment.

How to buy Stellar 2020 – Frequently Asked Questions

How to buy Stellar?

The actual purchase of the coins is only possible through cryptocurrency exchanges. Here the appropriate currency pair is selected and the coins can be withdrawn after the successful transaction.

Normally, you will be able to reach Stellar with Bitcoin. On some exchanges you can even find currency pairs with the euro or the US dollar.

Can I buy Stellar Lumens with a credit card?

Although you probably cannot make a purchase directly with a credit card, this should pave the way for Stellar. You simply make a Bitcoin purchase on the Coinbase platform and then exchange these Bitcoin against Stellar on Binance.

Brokers such as eToro also accept credit card as a method 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 that only cryptocurrencies are accepted.

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

What is the difference between a broker and a stock exchange?

A broker (e.g. eToro or 24Option) uses the cryptocurrency price to facilitate CFD trading. However, these derivatives are designed in such a way that it is not necessary to buy the coins directly. Thus, one can benefit from the evolution of the value without the need to buy Stellar Lumens. Exchanges and exchanges, on the other hand, serve for the actual transfer of the currencies.

What do the Stellar Lumens perspectives say?

No one can predict the future. But there are some signs that the days of pure speculation in the cryptocurrency market are slowly coming to an end.

From now on, the real value of the coins will matter. Stellar wants to demonstrate this benefit through a cooperation with the chip giant IBM. If this leads to breakthroughs and successes, the prospects are very good.

Do I need a Stellar wallet?

If you use runners like our test winner, then there is no need for a coin purse. After all, you don’t have to manage any currency.

The situation is different when using real cryptocurrency exchanges such as Binance. Since here you can only deposit with online coins, you can hardly avoid a digital wallet.

What rates should I expect?

Basically, transactions on the Stellar network are characterised by negligible commissions. If you use the services of brokers or exchanges, then you have to expect several additional payments. These include deposit fees, but also transaction fees and even inactivity fees.

 

 

Leave a Reply

Your email address will not be published.

© 2021 Goldreward.io . All rights reserved.