HomeStellarHow To Buy Stellar Lumens (XLM) Online in 2022

How To Buy Stellar Lumens (XLM) Online in 2022

Last updated 16th Aug 2022

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With the number of cryptocurrencies growing all the time, many enthusiasts are looking at altcoins they can potentially make a profit from. One of these currencies is Stellar Lumens, which aims to make it easier for individuals to send money to others across the internet.

Before you purchase Stellar Lumens, it’s worth doing a little research to ensure that you’re making the right decision. In this guide, we’ll uncover all the different ways to buy XLM. You’ll also discover the different payment methods you can use, and we’ll identify each of their pros and cons.

Best Brokers to Buy Stellar Lumens in 2022

Compared to some of the other altcoins in circulation, Stellar Lumens is pretty easy to buy. You’ll find several places to purchase your XLM, and we’ve put together a list of the best providers below.

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What Is the Difference Between Buying and Trading Stellar Lumens?

When looking at different investment strategies, you’ll notice the terms “buying” and “trading”. If you don’t have much knowledge of cryptocurrencies, these might both seem identical to one another.

However, that is not the case. To help you understand better, we’ve briefly outlined the differences between buying and trading XLM below.

Buying Stellar Lumens:

  • When you buy XLM, you will own the coins outright. After purchase, you can store them in a wallet or send the money to others.

Trading Stellar Lumens:

  • When you trade XLM, you purchase the underlying asset. As a result, you do not own the money outright and cannot use it for anything other than trading.

How to Buy Stellar Lumens Online?

When you buy Stellar Lumens, you’ll most likely use a cryptocurrency exchange. The steps to purchase your XLM are straightforward, and we’ve outlined each of these in full below.

Step 1: Find a cryptocurrency
Step 2: Create an account and verify it
Step 3: Deposit funds
Step 4: Buy your XLM coins

How to Trade Stellar Lumens?

If you want to trade XLM, the process is a little different from buying them outright. Having said that, you shouldn’t struggle too much to complete the process.

Below, you’ll find the steps to trade Stellar Lumens.

  • Step 1: Find a broker that lets you trade Stellar Lumens assets.

  • Step 2: Sign up for an account and complete the KYC check.

  • Step 3: Deposit money into your account.

  • Step 4: Choose how you want to trade (e.g. contracts for difference (CFDs)).

  • Step 5: Buy your XLM assets.

What Are the Different Ways to Pay for Stellar Lumens?

When you buy Stellar Lumens, you’ll normally have a wide selection of payment methods to choose from. These will depend on the platform you use, though, so you’ll need to research further to ensure that your exchange of choice lets you use the service you’d like to.

Examples of exchanges where you can deposit fiat money to buy Stellar Lumens include Binance and Coinbase. Meanwhile, you can use brokers such as eToro to do likewise.

You can also use cryptocurrencies to buy XLM on Binance, as well as Kraken. Below, we’ve listed all the different ways to pay for Stellar Lumens.

Apple Pay

Apple Pay is a convenient way to add small deposits to your cryptocurrency account and is permitted at a selection of exchanges. You’ll need to verify your payment using either facial recognition or fingerprint ID.


Instant transactions
Easy to use


You might be restricted depending on your location
You need to have an Apple device to use this payment method
Not the best payment option for transferring large funds

Bank Transfer

Depending on where you live, you can use several bank transfer methods to fund your account — such as SWIFT, wire transfer, and SEPA. Every major cryptocurrency exchange permits bank transfers.


Easy to use
Widely available
Good for both depositing and withdrawing money


Transfers might take longer than some of the other payment methods we’ve listed

Debit and Credit Cards

If you don’t want to wait for a bank transfer to go through, using a debit or credit card will help you add money to your account quickly. You’ll almost certainly be able to use VISA or MasterCard, while American Express is also an option in some places.


Fast transactions
Accepted at most cryptocurrency exchanges
Easy to use


Card fees are often high
Your bank might reject your transaction


If you already use cryptocurrencies, buying Stellar Lumens using these is pretty straightforward. You can exchange directly for XLM and receive your coins instantly.


Instant transactions
Little or no fees
Widely accepted


Transactions are irreversible — you must make sure you send your money to the right place

What to Consider When Buying Stellar Lumens?

When buying XLM, you need to keep several things in mind. We’ve listed the most important points for consideration below and have also provided a brief explanation for each.

Research your platform:

  • You have a lot of choices when purchasing Stellar Lumens, but it’s important to remember that not all cryptocurrency exchanges and brokers are created equally. Before you sign up to a platform, make sure you’ve done your research — and read customer reviews to make a better decision.

Remember that cryptocurrencies are volatile:

  • Cryptocurrency prices fluctuate regularly, and while you can make significant profits, you can also generate large losses if you aren’t careful. Ultimately, buying XLM is your responsibility.

Keep fees in mind:

  • Regardless of the platform you choose, you’ll need to pay some fees. Many will charge you for deposits and withdrawals, and cryptocurrency exchanges will often make you pay maker and taker fees for buying and selling XLM.

Long-term holding:

  • Long-term holding involves keeping your coins for 12 months as you believe that you can make a profit in the long run. This is also referred to as hold on for dear life (HODL).

Short-term holding:

  • Short-term holding means that you will sell your coins within 12 months. You’ll use this strategy when you expect a market change that will enable you to generate a profit.

Is It Safe to Buy Stellar Lumens Online?

For the most part, it’s safe to buy Stellar Lumens online. However, you must stick to reputable exchanges and brokers to maximise your protection.

It’s also worth keeping in mind that cryptocurrencies are a hot target for cybercriminals, and you’ll need to take extra steps to keep you and your coins safe. You can follow the advice we’ve listed below to ensure that nobody ruins your online experience.

Enabling two-factor authentication:

  • When you sign up for a cryptocurrency exchange or wallet, one of the first things you should do is enable two-factor authentication (2FA). Simply put, this involves having to verify your identity in a different way than just your username and password. One example would be having a code sent to you via SMS or email.

Asking for help only on an official site:

  • When you need assistance, you’ll find several places to do so online. However, it’s worth sticking to reputable and official websites and forums. Doing so will ensure that the advice you receive is more reliable.

Passing only the necessary KYC information:

  • When you need to pass a KYC check, you’ll usually need to submit a copy of your passport or driving licence — plus proof of your address, such as a utility bill. However, it’s essential that you don’t hand over anything other than these.

Storing your Stellar Lumens in a wallet:

  • After buying your Stellar Lumens, you must store them in a wallet. Doing so will limit your chances of someone stealing them.

Keeping your login details safe:

  • One of the simplest ways to keep yourself safe is by ensuring that your login information remains secret. If you feel like anyone else knows them, get them changed as soon as possible.

Researching common scams:

  • Before buying any cryptocurrencies, it’s worth keeping an eye on the most frequent scams. Doing so will ensure that you know what to look out for, which will stop you from falling victim.

How to Store Stellar Lumens?

After purchasing your XLM, we advise that you store your coins in a wallet. If you leave them in your exchange account, a hacker can take them. If this happens, it’s highly unlikely that you’ll ever be able to retrieve your coins — meaning that you lose a lot of money in the process.

Different types of wallets exist, and we’ve outlined their differences below.

Software Wallets:

  • You can store your Stellar Lumens in software wallets, which are known as “hot” wallets. To access these, you’ll need to sign in online. When you aren’t signed in, your coins will be stored in a blockchain.

Hardware Wallets:

  • Hardware wallets are often known as “cold” wallets. Although your coins are still stored in a blockchain, you’ll need to verify transactions offline — which adds an additional layer of security.

How to Sell Stellar Lumens?

When you’re ready to sell Stellar Lumens, you’ll want to get rid of them as quickly as possible to capitalise on the current market price. You’ve got a selection of options to move them on, and we’ve listed each of these with a brief explanation below.

Centralised cryptocurrency exchanges

  • Selling your coins on a centralised cryptocurrency exchange will require you to have an account. After this, the process is straightforward. All you need to do is move your coins from your wallet into your account before submitting a selling order.

Peer-to-peer (P2P) marketplaces

  • Another convenient way to sell Stellar Lumens is through a P2P marketplace. Compared to centralised exchanges, you’ll instead sell the coins to another user. You will talk directly with the other person, and the intermediary only gets involved if there is a dispute. You must be careful of scams on these platforms.

Cryptocurrency brokers

  • If you chose to trade instead of buying Stellar Lumens outright, you could sell your assets using the same broker you purchased them from. Put in a selling order, and you’ll have them gone in little time.

Is It Worth Buying Stellar Lumens Right Now?

It’s important to remember that the market is volatile, and buying any cryptocurrency carries risks. That being said, Stellar Lumens has a large ceiling and solves an important problem, while the price of one coin is still quite low, making it a viable option.

Final Thoughts

2020 was a quiet year for Stellar Lumens, but its price has risen in 2021 — and as a result, more eager eyes have been cast in its direction.

Having considered everything we’ve written on this page, we recommend using a centralised cryptocurrency exchange to buy your XLM. In terms of payment methods, we believe that a bank transfer might be one of the best ways to fund your account.


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Khashayar Abbasi

Khashayar Abbasi

Khashayar discovered Bitcoin back in 2014 and has since spent countless hours researching the different use cases of cryptocurrencies. He has a bachelor's degree in International Relations and has been a writer in the financial services industry for nearly half a decade. In his spare time, Khashayar enjoys photography, cycling, and ice skating.