Buy Stellar (XLM)

Stellar is a decentralized blockchain-based platform and cryptocurrency designed to facilitate fast, low-cost cross-border transactions and enable the creation of digital assets. It was created in 2014 by Jed McCaleb, one of the co-founders of Ripple. Stellar operates with its native cryptocurrency called Lumens (XLM), which is used to facilitate transactions and prevent spam on the network. Unlike Bitcoin, which focuses primarily on being a digital currency, Stellar aims to bridge traditional financial systems and enable seamless transfers of various assets, including currencies, stocks, and commodities. The primary goal of Stellar is to make financial transactions more accessible and affordable, particularly for underserved populations and regions with limited banking infrastructure. Stellar achieves this through its unique consensus algorithm, the Stellar Consensus Protocol (SCP). SCP enables decentralized agreement among network participants, eliminating the need for a central authority to validate transactions. This consensus protocol ensures the security and integrity of the network while allowing for fast transaction settlement times, typically within a few seconds. Additionally, Stellar incorporates a decentralized exchange feature that enables users to convert one asset to another directly on the network, promoting liquidity and reducing the need for third-party intermediaries.

Stellar operates on a distributed network of servers that maintain a decentralized ledger called the Stellar Consensus Ledger (SCL). The ledger records all transactions and account balances, and it is accessible to all network participants. To initiate a transaction on the Stellar network, a user creates an offer, specifying the asset they wish to send and the asset they want to receive. Stellar's decentralized exchange then searches for a path of trust relationships and liquidity to facilitate the conversion at the lowest cost. The exchange relies on order books and market makers to provide liquidity for asset pairs. Stellar introduces the concept of anchors, which are entities that bridge the gap between the traditional financial system and the Stellar network. Anchors issue digital representations of real-world assets, such as fiat currencies, on the Stellar network. These representations, known as tokens, can be transferred and traded on the network, enabling cross-border transactions. Anchors also serve as the link for users to deposit and withdraw funds from the Stellar network.

Follow the steps below to easily and securely buy Stellar.

1. Sign up

   Create an account with a reputable crypto platform like Finst.

2. Deposit EUR

   Deposit Euros using payment methods like iDEAL, Bancontact, or SEPA.

3. Start investing

   Buy Stellar and securely store it on our platform.

You can securely store your Stellar in your Finst wallet. Some cryptocurrencies also support external wallets, allowing you to send your crypto to your own wallet if desired. We use state-of-the-art security measures to keep you and your crypto safe.

We work with Fireblocks, one of the most trusted crypto security infrastructure providers, to safely store your Stellar. They make use of Multi-Party Computation (MPC) technology which is an advanced cryptographic technology used to protect your digital assets.

Additionally, Finst is the first and only Dutch crypto platform that has successfully conducted an extensive Proof of Reserves (PoR) audit. With Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, at Finst, you can easily buy Stellar with iDEAL. We also support popular payment methods like SEPA and Bancontact.

At Finst, you can start investing in Stellar with as little as €1. For many coins, it is not necessary to buy a whole coin.

Yes, it is safe to buy Stellar through Finst. We are registered as a Crypto Service Provider (no. R189158) with the Dutch Central Bank (DNB), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, buying Stellar is legal in Europe. However, we advise you to do your own research before making a purchase.

Investing in cryptocurrencies like Stellar involves risks of losses. You can lose (part of) your deposit. Before you decide to buy Stellar, it is important to understand the risks.

Volatility: The price of Stellar can fluctuate significantly. This means that its value can rise and fall quickly.

No guaranteed profit: Previous price increases do not guarantee future returns. Therefore, only invest money that you can afford to lose.

External factors: The price of Stellar is influenced by external factors, such as economic conditions and the actions of influential individuals, governments, and institutions. These factors can have a positive or negative impact on the price.

When you buy Stellar through Finst, you benefit from the most competitive trading fees of 0,15% per transaction.

Any fees you may encounter when trading crypto are clearly shown for every transaction on our platform.

It's important to note that network fees are outside of our control, as they are determined by the blockchain networks themselves.

This means that while network fees may vary depending on the blockchain and current demand, our trading fee remains consistent, helping you better manage your transaction costs.

No, due to laws and regulations, it is not possible to buy Stellar or other cryptocurrencies anonymously on a regulated crypto platform in Europe.