Where to Buy Stellar Lumens (XLM) in 2024 – The Ultimate Beginners Guide

Interested in learning how to buy Stellar Lumens cryptocurrency but not sure where to begin? This guide simplifies the process, helping you find the safest way to buy XLM in 2024.

At one time, Stellar Lumens was considered one of the most important coins outside of Bitcoin. Its close association with Ripple would, however, cause its value loss during the SEC VS Ripple court battle. Ripple’s win has thrust Stellar Lumens back into the limelight and it currently ranks highly among the most undervalued cryptos of this market cycle.

This guide will explain you everything you need to know about Stellar Lumens (XLM) crypto. We discuss reasons to invest in the the altcoin, examine its past price action, and look at its projected future price performance.

We will also provide you with a detailed step-by-step guide to buying your first XLM token on one of the best crypto exchanges.

How to Buy Stellar Lumens (XLM) – 4 Simple Steps

This quick guide explain you how to buy Stellar Lumens XLM in the US right now. It introduces you to the process of buying cryptos via eToro – the SEC-regulated crypto exchange. The platform supports fractional investing and you only need $10 to invest in XLM.

• Step 1: Open an account with a crypto exchange – Start by opening the eToro.US website and click on the “Join Now” button. The regulated brokerage will only ask for basic personal information during the registration process.
• Step 2: Deposit funds – To start trading, deposit at least $10 into eToro. The supported deposit methods include cards, bank transfers, ACH transfers, PayPal, and eWallets.
• Step 3: Search for Stellar Lumens – Use the search bar on the Toro website to search for the popular altcoin. Enter the word ‘Stellar Lumens’ or ‘XLM’ and when you hit search, click on the ‘Trade’ icon that appears.
• Step 4: Buy XLM tokens – Use the trading tab that pops up here to indicate how much you wish to invest in Stellar Lumens.

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.

Below, we will provide you with more detailed walkthrough of the crypto buying process on eToro. Our crypto experts team also discuss everything you need to know before buying Stellar Tokens. We will also look at its past price action and expected future performance. But first, we need to learn where to buy Stellar Lumens in 2024.

Where to Buy Stellar Lumens (XLM) Right Now

When looking for the best crypto exchange for beginners, there are a number of factors you ought to consider. The first two are its user friendliness and safety. Others include the cost of trading, funding methods, crypto library, regulation, reputation, customer support, and liquidity. The best exchange should also be mobile-friendly and operate the best crypto trading mobile app.

After vetting tens of the most popular exchanges, we settled on the following as the best places to buy XLM coins.

1. eToro – Overall Best Place to Buy Stellar Lumens Tokens

Four key factors make eToro the overall best place to buy Stellar Lumens and other cryptos. First is the fact is that it is a multi-regulated crypto brokerage. It is licensed by the likes of SEC in the US and the FCA in UK. It also has a solid reputation for reliability and its trading platform has one of the highest uptimes. This reputation also extends to having a responsive support team available online 24/7.

Secondly, eToro avails passive investing tools to beginners. This makes it possible for you to start profiting from crypto while you mean how about the digital assets and how to trade. It makes this possible through staking and copy trading. However, note that copy trading is only available to users whose accounts have a minimum balance of $200.

Thirdly, the crypto brokerages present you with multiple ways of buying XLM and all the best altcoins. For starters, you can buy cryptos instantly with PayPal on eToro. You can also buy cryptos with credit cards, debit cards, ACH transfers, and bank deposits on the platform. Importantly, you only need $10 to start buying the best altcoins here.

Additionally, eToro is a deeply liquid crypto trading platform. It also has an extensive crypto library, exposing you to all the best cryptos to buy for beginners. Equally important, it has some of the fastest transaction processing speeds. These and its multi-platform nature help draw in expert traders. This effectively makes it one of the best exchanges for active traders.

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.

2. KuCoin – The Best Crypto Exchange for Passive Investing and Extensive Crypto Library

KuCoin is one of the most popular crypto exchanges on this list. Part of this popularity is informed by its extensive crypto library and deep liquidity. It has consistently ranked among the top 10 most liquid exchanges and in addition to Stellar Lumens, you can buy 700+ other cryptos on KuCoin. This exposes you to not just the most sustainable cryptos like XLM but also to the most promising – like Ethereum.

You only need $2 to start buying XLM and all the hottest cryptos on KuCoin. And there are multiple ways of buying cryptos here. You can buy cryptos instantly with credit cards. You may also actively trade spot cryptos on the exchange. It also supports margined trade for spot and crypto derivatives with leverages of up to 10x and 100x, respectively.

KuCoin has also put in place adequate measures around its platform to keep your data and private keys safe. This starts with requiring platform users to enable two-factor authentication. The exchange then provides you with free and safe digital wallets. First is the exchange-based wallet and the second is the Halo Wallet – a mobile app.

You would also want to buy the best cryptos on KuCoin because of its low trading fees. Here, you are only charged a volume-based maker/taker fee of between 0.1% and -0.005%. You also stand to benefit from a 20% discount if you use KCS coins to settle this fee.

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.

3. Kraken – The Safest Place to Buy Stellar Lumens in 2024

Kraken presents you with more ways of buying cryptos on its platform than most other exchanges on this list. For starters, you can buy cryptos instantly with cards and account balances. You can also trade spot cryptos on the platform or margin trade crypto derivatives – like futures on the platform. It has even come up with different trading platforms for beginners, experts, and institutional investors.

Beginners get to interact with its web exchange and mobile app. Expert traders, on the other hand, are presented with the Kraken PRO trading app. This features more crypto pairs, charges more competitive fees, and exposes you to more advanced trading tools. Institutional investors get to use Dark Pool – the Kraken OTC platform. This allows them to engage in large trades pseudonymously.

Kraken is also a multi-asset crypto trading exchange. In addition to being cryptos on the exchange, you can invest in all the popular NFTs. Interestingly, Kraken doesn’t charge a listing fee and charges a competitive 2% NFT trading fee.

Other factors making Kraken the best place to buy Stellar Lumens include the fact that it has a highly responsive support team. It is also one of the safest altcoin exchanges as it has never been hacked. Further, having been around since 2011, makes it one of the oldest and most reputable crypto trading platforms.

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.

4. Crypto.com – The Best Crypto Exchange for Deep Liquidity and Low Fees

Crypto.com is one of the fastest growing crypto exchanges. It currently lists 300+ of the best altcoins to buy, including Stellar lumens. The exchange is deeply liquid and supports all the popular funding methods. It even supports leveraged crypto derivative trading and all these make it one of the top crypto trading platforms for active traders.

Crypto.com is also the best crypto exchange for long-term investors and novice traders. This is made possible by the fact that it lists all the most sustainable and undervalued crypto projects. It then exposes this class of investors to passive investing tools like staking, crypto lending, and trading bots. Staking and lending ensure you earn doubly from your investment, while bots automate your crypto trades.

You will want to buy Stellar Lumens on Crypto.com because it charges highly competitive fees. These are based on your 30-day trading volume and range between 0% and 0.75%. Traders who have staked CRO tokens – native to the Cronos Chain – will also receive a 12% discount on trading fees.

In addition to these, Crypto.com is the best crypto trading platform for XLM investors because it is safe. It presents all its platform users with free wallets – a web wallet and a DeFi wallet. Note that other than keeping your private keys safe, the wallet exposes you to thousands of the best DeFi coins to buy. You also get to interact with hundreds of DeFi programs that let you earn passively.

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.

What is Stellar Lumens (XLM)?

Stellar Lumens is a decentralized blockchain network developed by the Jed McCaleb in 2014. It was Jed’s next project after ouster from Ripple. However, unlike Ripple which seeks to replace SWIFT in facilitates inter-bank payments, Stellar Lumens hopes to serve as a bank to the unbanked and unbanked. It is designed to facilitate peer-to-peer cash transfers between individuals and across borders.

It went public in 2015 with its Lumens tokens – native to the network – going live in March that year. From the start, Stellar Lumens sought to differentiate itself from on-chain competitors like Bitcoin and Ripple as well as off-chain competitors like PayPal. It hopes to achieve this by making the network easier to use, more decentralized, and faster in facilitating transactions.

It started off well and even launched multiple developments, such as the Instant Global Payments program. Note that even though Ripple and Stellar Lumens are different projects, the action of one has a huge impact on the other. It, therefore, didn’t come as a surprise that the SEC Vs Ripple court battle threw Stellar Lumens off course.

Ripple has since won against the SEC and both platforms are back to rebuilding. Among the significant developments taking place here is the integration of DeFi and smart contracts programs. The blockchain network has also been inking partnership deals with renowned on-chain and off-chain brands. The most notable include the UNHCR Agency, Circle, MoneyGram, FireBlocks, and Franklin Templeton.

Stellar Lumens (XLM) Price

When XLM launched in early 2015, it had an introductory price of $0.0024 – according to CoinLore. At the time, cryptos were still a new and controversial subject. China had just banned BTC in the east while the FBI was shutting Silk Road and hunting down its alleged administrators. This explains why XLM traded around this price level until early 2017.

The revolutionary altcoin only started showing signs of life in mid-2017, at the base of the bull run. By the time it peaked in January 2018, XLM was 47000% above its introductory price. In a show of obedience to market trends, XLM started dipping when the market crashed. It ended 2018 trading around $0.1. This loss continued throughout 2019 and worsened in 2020 after the SEC accused Ripple of being a security.

Since then, XLM has never recovered. It attempted a rebound during the 2021 crypto market rally but failed to break above 2018 levels. It could only reach the high of $0.67 in May of that year. The 2022/2023 would be brutal to the altcoin as it saw XLM’s value dip below $0.1

At the time of writing, Ripple has long won the court battle against the SEC. This and a recovering market have breathed life into XLM and even helped it rally by more than 300% in the first quarter of 2024. That notwithstanding, XLM still trades close to 90% below the 2018 highs – at the time of writing.

Stellar Lumens (XLM) Price Prediction

Only two core factors have been pressing XLM’s price down. First is the bear market and the second was the SEC vs Ripple case. Today though Ripple has won and the market is prepping for an aggressive bull run. This says that nothing prevents XLM from being the next crypto explode, possibly past $1.

The majority of analysts and forecasters share these optimistic sentiments toward Stellar Lumens’ future price action. They expect it to rebound and be one of the best-performing altcoins of this bull cycle. They, however, differ on what the altcoin will be worth at the end of the year and in 2025. Below, we look at some of their XLM price predictions:

• Stellar Lumens Price Prediction 2024: The algorithmic forecasting platforms – Crypto2Community and PricePrediction.net are a little optimistic about XLM price action. By the end of the year, they expect it to have appreciated between 150% and 200% to reach $0.16 to $0.22.
• Stellar Lumens Price Prediction 2025: Crypto2Community has the most optimistic outlook of XLM as it heads into 2025. They expect it to have rallied by more than 500% by the end of this market cycle to break above $0.6 in 2025. Over the longer term, the forecaster expects Stellar Lumens to have broken above $100 by 2032.

Is Stellar Lumens (XLM) a Good Investment?

Staller Lumens is a disruptive blockchain network with a hugely promising future. It has also performed well in the past and proved its obedience to market trends. These are some of the factors that make XLM a good investment. Others include:

• It is grossly undervalued: You will want to invest in Stellar Lumens today because the altcoin is grossly undervalued. But even more importantly, it has a hugely promising future. By buying now, you are exposing your capital to incredible gains when XLM makes a full recovery.
• Stellar has solid fundamentals: Stellar has solid fundamentals and real world use cases. It has one of the lowest rates of inflation and a decent circulating token supply. The crypto project is also managed by a large team of developers at The Stellar Organization – by Jed McCaleb.
• Its rising adoption: Stellar Lumens has already partnered with hundreds of on-chain and off-chain brands. This fuels the coin’s popularity and demand, both of which have the net impact of triggering its value gain.
• Has a large online community: Stellar Lumens has a large online community of followers. This is comprised of investors and crypto influencers. They have been instruments in sharing developments within the Stellar Lumens ecosystem. They and the coin’s fundamentals have helped it keep it among the top 50 most valuable digital assets.
• Proven resilience: Stellar Lumens has proved its resilience. It not only survived crypto market crashes but also attacks by the regulatory agencies. We expect it to continue leaning on this resilience and obedience to market trends on its path to recovery.

Ways of Buying Stellar Lumens (XLM) Today

When reviewing the best altcoin exchanges, we mentioned support for multiple crypto buying options as one of their admirable qualities. Below, we look at the three most popular ways of buying Stellar Lumens and other cryptos on top exchanges:

Buy Stellar Lumens with PayPal and eWallets

Some exchanges – like eToro – will let you buy Stellar Lumens instantly with PayPal. Others accept crypto deposits, while others will only accept eWallets payments on their peer-to-peer trading platforms. The top benefit of buying cryptos with PayPal is that the payment processor is fast and charges low transaction processing fees. On the flip side, not all exchanges support PayPal deposits.

Buy Stellar Lumens with Credit Cards and Debit Cards

Most crypto exchanges will accept credit card and debit card deposits. The perks of buying cryptos with cards include the fast deposit processing speeds. Cards are also easily accessible and have decent daily transaction limits. The drawback are that some exchanges maintain high card deposit processing fees. Further, most card issuers charge punitive transaction processing charges.

Buy Stellar Lumens with a Bank Transfer

You can also buy Stellar Lumens with a bank deposit. Virtually all the popular crypto exchanges accept bank transfers. The perk of using banks is that they have high deposit limits, allowing for large crypto transactions. Banks are also easily accessible. On the flip side, though, banks charge high transaction fees. Bank transfers also take a long time to reflect in your trade account, exposing you to slippage.

How to Buy Compound Stellar Lumens (XLM) – Details Tutorial

In this section, we walk you through the process of buying Stellar Lumens on eToro. It is quick and straightforward and you only need $10 to get started.

Step 1: Open A Crypto Trading Account

Open the official eToro website on your browser. Alternatively, download the eToro mobile trading app. On either platform, click on the “Join Now” button and complete the user registration form that appears. The crypto brokerage will ask for such basic details as your name, address, phone number, income source, and trading experience. You will then need to come up with a username and password.

Step 2: Verify your Identity

The trader account registration process on eToro is only considered complete after you have verified your identity. Simply send the brokerage a photo of your government-issued identification document. This could be your passport or driver’s license.

Step 3: Deposit Fund

After receiving the account approval notification, log in to the new account. On your user dashboard, click on the “Deposit Funds” icon. A funding tab will pop up, indicating all the payment options available to you based on your country of residence. Click on one and follow the prompts to deposit at least $10.

Step 4: Search for Stellar Lumens

After the deposit is reflected in your account, hit the “Discover” tab on the user dashboard. This shows all the financial instruments supported by eToro. Choose “Cryptos,” and a list of all the digital assets supported on the platform will pop up. Find Stellar Lumens from this list.

Step 5: Buy Staller Lumens XLM

Click on the “BUY” option against Stellar Lumens coins. On the trading tab that pops up, indicate how much you intend to invest in Stellar Lumens. Then, hit the “Open Trade” button to execute this investment.

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.

Note: The private keys for the XLM coins you just bought will be deposited into the eToro-provided web wallet. To move them to a third-party wallet or another exchange, you first need to download and install the eToro Money wallet. Link the trading account with the wallet and initiate a crypto transfer. You will be charged a transfer fee of 0.5% (capped at $50).

How to Sell Stellar Lumens (XLM) on eToro

The process of buying crypto on Stellar Lumens is equally quick and straightforward. Here is a breakdown of the crypto-selling process on eToro:

• Step 1: Log back into your eToro crypto trading account
• Step 2: Hit the “Portfolio” button on your user dashboard. This shows you all the open trades on your eToro account.
• Step 3: Choose Stellar lumens and tap the “Close” button against the digital asset.
• Step 4: Decide whether you wish to sell all Stellar Lumens coins in here or just a small portion of this asset. If exiting this position, click on the “Close Trade” button to execute the sell order.

Note: The cash equivalent of this crypto will deposited into your eToro account. Use it to buy the best meme coins like Dogecoin and Shiba Inu or established cryptos like Ethereum or even Bitcoin. Alternatively, withdraw the funds via any of the supported cash-out methods.

Bottom Line: Where to Buy Stellar Lumens (XLM) 

Stellar Lumens is listed with all the popular crypto trading platforms. In the above guide, we have reviewed what we consider the four best places to buy XLM today. We have also shared tips on what to consider when looking for the best crypto exchange for beginners. We have also looked at XLM’s past rice action, expected future performance, and discussed reasons to buy Stellar Lumens today.

Do you want to start buying Stellar Lumens before they eventually rebound? Follow the step-by-step guide to buying cryptos on eToro that we have detailed above.

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.

References:

1. https://www.coindesk.com/policy/2020/12/22/sec-sues-ripple-over-7-year-13b-ongoing-xrp-sale/
2. https://stellar.org/
3. https://www.reuters.com/legal/us-judge-says-sec-lawsuit-vs-ripple-labs-can-proceed-trial-some-claims-2023-07-13/
4. https://www.coinlore.com/coin/stellar
5. https://www.coindesk.com/learn/china-crypto-bans-a-complete-history/
6. https://money.cnn.com/2013/10/02/technology/silk-road-shut-down/index.html
7. https://www.theguardian.com/technology/2014/nov/07/six-britons-arrested-silk-road-dark-web-takedown-online-drugs

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Author: Wajeeh Khan

Wajeeh Khan is a financial researcher and writer with 7 years of experience. He has immense exposure to a range of financial assets, including stock, cryptocurrencies and forex - and is particularly well-versed in asset valuation, analysis, and portfolio management. Since 2016, Khan has worked with notable online platforms within financial journalism, including Invezz, Trading-Education, Dog of Wall Street, and News Break. All in all, he has written, editted, and published over 7,000 articles, guides, and market insight. Online casinos started as a hobby for Khan in 2018. But in only two years, it had already become another niche that he started actively researching. Over the past three years, he has written a diversified set of content around gambling for clients from all over the world. Academically, Khan has a Bachelor's in Economics and a Master's degree in Finance. He's also completed a bunch of courses on digital journalism and financial markets at large.

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