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What is Stellar?

Stellar (XLM) is a blockchain-based distributed ledger network with a goal to create a platform that connects banks, payments systems, and individuals. XLM is the protocol token of the Stellar network. The Stellar platform is an open network that allows money to be moved and stored while XLM serves as a bridge that makes it less expensive to trade assets internationally.

  • A main goal of Stellar is to make cross border transactions cheap and easy. Cross border transactions normally require extra fees for international trading. Be this cryptocurrency or FIAT. Stellar however charges 0.00001 XLM for every transaction.
  • Unlike other tokens, lumens cannot be mined or awarded over time by the protocol. 100 billion XLM were created when the network went live, later reduced to 50 billion. The amount in circulation was increased by 1% annually ensuring tight control over XLM’s inflation rate.
  • When Stellar was created in 2014 one of its original aims was to put emphasis on the worlds ‘unbanked’ population. Using the Stellar network, individuals can build mobile wallets and banking tools without relying on traditional avenues.

Stellar is an open network that aims to facilitate low cost international transactions, as well as providing intuitive payment systems in order to make sending and receiving money as low friction as possible.

How do I swap Stellar?

Enter amount to swap
Select the quantity of Stellar you would like to swap.
Select coin to swap with
Select the coin you would like to swap with.
Confirm & swap
Click 'Swap' to confirm. Your coins will arrive in your wallet within minutes!

Learn more about Stellar

Why Should I Trade XLM with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over three million Australians. We make it easy to buy and sell Stellar no matter what your trading experience is. Unlike other international and Australian Stellar exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy Stellar with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade Stellar how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your Stellar?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your Stellar for free.

Cold Storage

If you are holding Stellar as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy Stellar. We are trusted by over three million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for Stellar. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Stellar has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Stellar is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual Stellar exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in Stellar & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying Stellar safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your Stellar portfolio here.
Yes! With CoinSpot you can convert your Stellar to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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