Stellar Lumens is a decentralized payment network and project that actually shares many common directions and features with Ripple (XRP). The goal of the Stellar Lumens platform and its founders is known to enable fast, secure, and cost-effective money transfers. Stellar, which was launched in the market in 2014, introduced its cryptocurrency Lumens (XLM) a year later.
So what is Stellar Coin, which crypto investors are so familiar with, and how is Stellar coin purchased?
What is Stellar Coin?
Stellar Lumens is a project brought to life in 2014 by Joyce Kim and Jed McCaleb. Similar to Ripple, the main goal of Stellar Coin is also known to change the global remittance and payment sector. XLM, which has a decentralized payment infrastructure, uses distributed ledger technology. Stellar has a completely open-source structure.
XLM, the cryptocurrency of this infrastructure, is used both for making affordable payments and for investment purposes. In the past years, a total of 100 billion XLM was distributed by the Stellar Foundation and thus, the cryptocurrency made quite a name for itself in Turkey as well. As of the writing of this article, Stellar coin’s price has seen a 7% increase in the last 24 hours. XLM, the 14th largest cryptocurrency by total market value, is known to behave in the same way whenever its “sibling project” XRP begins to rise.
So how is Stellar coin, which has such a large following in Turkey as well, purchased?
Where to Buy Stellar Coin?
To buy Stellar coin, it is sufficient to use Binance, one of the world’s most popular and secure cryptocurrency exchanges. The process of buying Stellar coin on Binance can be completed in a few steps.
Follow the steps below to buy Stellar Coin on Binance:
- To buy XLM, first, you need to depositUSD balance into the exchange or buy a cryptocurrency that can be used instead. For this, first go to the Binance homepage, click on the “Crypto Buy” option in the upper left, and click on the “Credit/Bank Card” tab.
- In the tab that opens, select how much USD you want to transact with, and mark USDT i.e., Tether, from the Coin section.
- After buying USDT, preview the “Buy-Sell” option in the upper left again and click on the “Classic” tab.
- In the section that opens, select the USDT tab from the upper right, enter XLM in the search button, and select the XLM/USDT pair that opens below.
- Then come to the “BUY XLM” tab in the middle, enter the amount you want to buy.
- Enter the amount you want and complete the XLM purchase by confirming the transaction.
How to Buy Stellar?
Multiple trading pairs can be used to buy Stellar coin on the Binance cryptocurrency exchange. The availability of trading pairs like XLM/BTC, XLM/BNB, XLM/ETH, and XLM/USDT makes Binance one of the most suitable platforms in terms of both liquidity and trading pairs.
The high liquidity owned by Binance also enables XLM orders to be transmitted quickly.
