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Austin Jacob • February 12th, 2020

How to Buy Stellar Lumens (XLM)

In this guide, we are going to introduce you to the Stellar Project, and take you through the process of buying the Stellar Lumens (XLM).

What are Stellar Lumens?

Stellar is an open-source cryptocurrency project and ICO platform that aims to connect banks, payment networks and people.

The platform allows anyone to send money anywhere for fractions of a penny. The Stellar platform is capable of handling around 1000 transactions per second, which is extremely impressive compared to some of its competitors.

Where to Buy Stellar Lumens

Lumens are obtainable for Bitcoin and Ethereum on several crypto to crypto exchanges. Here are the exchanges we recommend.

ExchangeFeesSupported CountriesPayment Method
Binance.05%-.1%AllBTC & ETH
Changelly.5%AllBTC, ETH, & Card

Some of these listed exchanges are limited to cryptocurrency, so we are unable to directly buy Stellar Lumens with US dollars or euros.

We must first purchase Bitcoin or Ethereum on a fiat exchange like Coinbase or Coinmama.

If you want more information on purchasing Bitcoin or Ethereum, check out our guides on purchasing Bitcoin and Ethereum.

Do you already own these currencies or know the process, keep reading to learn how to buy Stellar Lumens!

Buying Stellar Lumens on Binance

Binance Review

Create an account on Binance, once of the largest cryptocurrency exchanges in terms of trading volume and trading pairs.

After registering, mouse over the funds tab and click deposits. From here, we can find the deposit address of any cryptocurrency that Binance has to offer. In this case, we are looking for Bitcoin or Ethereum.

Once on the Binance deposits page, type ETH or BTC depending on the currency you initially purchased. You should see something like this:

Click the “Copy Address” button because we will need this deposit address in the next step where we are sending a balance over to Binance.

Sending from Coinbase

Coinbase Home Page

Most of you will have your Bitcoin or Ethereum on Coinbase, so I will show the process of sending from Coinbase to Binance. If your funds are elsewhere, the process should be very similar.

Click the accounts tab, and then press Send on the cryptocurrency you are sending. It should look like this:

Paste the address into the recipient’s field, and select the amount of Bitcoin or Ethereum you want to send to Binance.

Click confirm and wait for your cryptocurrency to arrive to Binance!

After the currency arrives to Binance, locate the page for the correct trading pair. To find this go to the main page of Binance and click either BTC/XLM or ETH/XLM. Use the search bar if you don’t see the pairing right away.

XLM is Stellar Lumens trading tag.

Once on the correct trading pair, you should see something like this:

Go to this section where you enter your order/trade. You have two options:

A limit order, you choose the price, and the order executes when someone sells into your price.

A market order, which automatically buys an amount at the going rate.

After your order has been filled, you have successfully purchased Stellar Lumens!

Buying Stellar Lumens on Changelly

Changelly Buy Bitcoin Canada

As stated above, Changelly allows users to buy with cryptocurrency and fiat. If you decide to use fiat, the fees are much higher (5%-10%) compared to cryptocurrency (.5%).

Buying cryptocurrency on Changelly is pretty easy, and cuts one step out of the purchasing process. Unlike traditional exchanges, Changelly never actually holds your currency.

Changelly has Lumens tag as STR, but it is XLM everywhere else.

To get started, create an account and select an input and output currency. In this example, we are purchasing Stellar Lumens with Bitcoin, so Bitcoin is the input and Stellar Lumens are the output.

After you have entered the amount you want to buy, click next until you get to this screen.

You will be prompted for two fields:

  • Memo
  • Address

The memo tag is a unique feature to Stellar and a few other currencies that can be entered in a transaction. Depending on where you are sending the Lumens to you will need a memo.

The address can also be found in your wallet and is used to send to your account.

Once both these fields are entered, click confirm and send the input currency to the designated address. Shortly after your Lumens will arrive to the address you provided!

Congrats, you have just bought Stellar Lumens on Changelly!

Buying Stellar Lumens on

Cexio Exchange Review is one of the few exchanges to allow users to directly purchase cryptocurrency with fiat. Their payment methods include credit cards, debit cards, and bank transfers.

Once an account is created on the exchange, you can purchase Stellar. Click the Buy/Sell tab on the navigation bar and switch the options to XLM and your payment method.

Click Buy on a package or make your own, and then enter card details. After, you have successfully bought Stellar Lumens on

Buying Stellar Lumens on Bittrex

In order to purchase Stellar Lumens, you will need to have an account on Bittrex. Bittrex has higher fees than Binance at .25% but is an option.

After making your account, click the wallets tab on the navigation bar.

On this screen, you will be shown deposit addresses for all the cryptocurrencies on Bittrex. If you are sending Bitcoin to Bittrex then find your Bittrex Bitcoin deposit address. Do the same if you are sending Ethereum.

Type BTC or ETH in the search bar to get the right currency to show up.

To find these addresses, click the green circle with the downward arrow.

After you have clicked the deposit button, your deposit address of the selected currency will be shown. Click the copy button to copy your address, which we will need for the next step.

Sending from Coinbase

Most viewers will have purchased Bitcoin or Ethereum from Coinbase, but in the event you have the cryptocurrency elsewhere this process will be almost identical.

Once on Coinbase, click the accounts tab and press send on the currency you initially purchased.

Paste the address we found in the earlier step into the recipients box. Click confirm and wait for your Bitcoin or Ethereum to arrive to Bittrex!

Once your cryptocurrency arrives to Bittrex, you will want to go to the corresponding pairing of your currency. Here are links to Bittrex Bitcoin and Ethereum Stellar Lumens pairs.

  • BTC/XLM 

How to Buy Stellar Lumens with Credit or Debit Card

As stated above, Stellar Lumens is sold on Binance, Changelly, and Bittrex. These exchanges allow cryptocurrencies to be exchanged with each other, not with dollars or euros.

This means that in order to buy Stellar Lumens with a credit or debit card, you must first purchase Bitcoin or Ethereum on a fiat exchange like Coinbase, and then send the currency to an exchange like Binance where Lumens are sold.

How to Buy Stellar Lumens with a Bank Transfer or Wire

To get Stellar Lumens through a bank transfer or wire, you must first purchase Bitcoin or Ethereum with a bank transfer or wire. This can be done on Coinbase. After, you can send the purchased currency to a crypto to crypto exchange like Binance and purchase Stellar Lumens.

How to Buy Stellar Lumens with Skrill

The best way to get Stellar Lumens using Skrill is to first get Bitcoin or Ethereum on Bitpanda. After buying Bitcoin or Ethereum on Bitpanda, send it to any exchange listed above like Binance and follow the above steps. Bitpanda is only available to European countries so make sure your country is supported.

How to Buy Stellar Lumens with Paypal

In order to buy Stellar Lumens via Paypal, we need to first purchase Bitcoin on Virwox. Virwox is an exchange that allows you to convert Paypal balance into Bitcoin. Then, we can buy Stellar Lumens on Binance like the above tutorial.

Stellar Lumens Wallets

After purchasing Stellar Lumens with one of the methods listed above, you will want to keep them on a wallet. The most secure Stellar Lumens wallet is the Ledger Nano X. Read our full review of the Ledger Nano S here.

On the official Stellar Lumens website, these are other recommended wallets. They are a variety of hardware, software, and mobile wallets. In terms of security, hardware wallets are the most secure, with software and mobile wallets being equal.

Frequently Asked Questions

What is the Stellar Protocol?

Stellar uses their own protocol creatively named: The Stellar Consensus Protocol (SCP). The Stellar team believes their protocol is the best of all worlds combining proof of work and stakes decentralization, while also being little latency and extremely flexible.

In a decentralized distributed system, nodes must communicate often to ensure consensus is reached. Nodes publish their state and match up their version of the ledger with the others. Once all nodes have the same history, they reach consensus and add the current state to the ledger.

In the event one or a few nodes report false information, known as a Byzantine failure, the majority’s version is used. This majority is known as a quorum and is defined as the set of nodes needed to reach consensus.

The Stellar Consensus Protocol gets stronger based on how interconnected their network is. The more interconnected it is, the more nodes an attacker would have to compromise before breaking the quorum.

The SCP is not currently in use and is waiting on more code reviews and internal testing before moving it over to the live version. On the SCP almost anyone can start verifying transactions, but their significance on the network can vary.

This is why Stellar is seen as somewhat centralized, but more decentralized than currencies such as Ripple.

What is a Memo Tag for Stellar Lumens?

A memo tag is often used on exchanges that use one wallet for all their customers. The tag allows the exchange to differentiate their users wallets. If a memo tag is needed, then it will be provided to you.

How to Buy Stellar Lumens in the USA?

Buying Stellar Lumens in the USA can be done on any of the exchanges mentioned above! Check out the above tutorials if you are unsure of the exact process.

A combination of Coinbase and Binance is one of the most cost-effective ways to buy Stellar Lumens in the USA.

What App Can I Buy Stellar Lumens?

There is no one-stop app for buying Stellar Lumens as Coinbase and Binance are pretty much the only two reliable cryptocurrency apps.

Unless you already have a balance on Binance, you will need to use Coinbase to buy Bitcoin to send to Binance, where Stellar Lumens (XLM) can be purchased.

Best Exchange to Buy Stellar Lumens?

The best exchange to buy Stellar Lumens on is probably Binance, due to their extremely low fees (.05%-.1%) and a wide variety of trading pairs and supported countries.

How many Stellar Lumens (XLM) Coins are able to be bought?

Stellar Lumens has no set supply, as every year there is inflation. At the time of this writing, there are around 90 billion XLM able to be purchased.

How much do Stellar Lumens Inflate?

Every year, the supply of Stellar Lumens inflate by 1%. Fresh Stellar Lumens are brought into the network each week, and the protocol gives these lumens to any account that gets over .05% of votes from other accounts on the network.

It is common to see inflation pools on Stellar Lumens, as it can be difficult to obtain .05% of votes.

Can I buy Stellar Lumens (XLM) on Coinbase?

Unfortunately, you can’t buy Lumens on Coinbase. This could be due to regulatory uncertainty about the state of Stellar Lumens being a security.

If a clear action is stated by the SEC, it is possible to see XLM added to Coinbase. Until then, you can purchase Stellar Lumens on an above-mentioned exchange.

Which exchange has the highest trading volume for Stellar Lumens?

Binance leads the trading volume for Stellar Lumens by far. Volume makes it easy to buy Stellar without slippage, as there are more total orders. The more orders there are, the less chance your order will affect the going rate.

Overall, this makes it easier to accumulate Stellar Lumens.

What is Stellars Role with Stripe?

One of the advisors of Stellar is Patrick Collinson, the CEO of Stripe. Stripe is one of the most widely used payment processors. In 2014, Stripe gave the Stellar project $3 million in exchange for 2% of the Stellar Lumens supply equalling 2 billion Stellar Lumens. This $3 million dollar loan is now worth around $700 million. Not a bad deal for Stripe!

How were Stellar Lumens Distributed?

Stellar Lumens were premined, meaning the developers allocated certain amounts of the currency before the public had a chance to obtain them. Here’s how Stellar Lumens were distributed:

  • 50% of the total Stellar Lumens supply was given out to individuals that signed up to an invitation link. This was around 50-300 XLM per individual.
  • 25% of the Stellar Lumens supply was given to their business partners and organizations that contribute to the project.
  • 20% was airdropped to Bitcoin and Ripple holders between October 2016 and August 2017. 19% of the 20 was given to Bitcoin holders and 1% was given to Ripple holders. The Stellar Lumen team does not intend to do any more airdrops.
  • 5% of the supply is held by the Stellar team for operational costs.


All in all, Stellar Lumens are a great cryptocurrency with a solid future ahead of them. They have a solid team and some well-known advisors, who can help steer them in the right direction.

The coin is currently sitting around $.10, and can be purchased on several exchanges mentioned above.


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