Stellar (XLM)

What is Stellar (XLM)?

If you've heard of Stellar and its Lumens (XLM) but aren't sure what it is or how it works, here's a simple explanation.

Stellar is a blockchain network designed to facilitate fast, low‑cost payments globally. Its main objective is to connect banks, payment systems, and individuals, enabling money transfers in seconds with super low fees.

Its native token, Stellar Lumens (XLM), not only serves as the fuel for transactions within the network but also helps facilitate conversion between different currencies and digital assets.

What are Stellar Lumens (XLM) used for?

Stellar is one of the most widely used networks in the crypto world due to its speed and efficiency. Its Lumens (XLM) have several key uses:

Main functions of Stellar

International money transfers:

Stellar enables sending money from one country to another in seconds with almost zero fees. It's an ideal solution for remittances and cross‑border payments without costly intermediaries.

Currency conversion:

Imagine someone wants to exchange dollars for euros without going through a bank. Stellar facilitates this conversion automatically thanks to its decentralized liquidity system.

Network fee payment:

Each transaction on Stellar carries a small XLM fee to prevent spam on the network. This fee is so low that transfers are practically free.

Asset and token creation:

Businesses and developers can use the Stellar blockchain to create their own tokens and digitize any financial asset, from digital currencies.

How to buy Stellar?

Buying Stellar is quick and secure with Bitnovo. You can easily get XLM using different payment methods. Just visit our page to buy Stellar and choose the option that suits you best.

Available purchase methods

• Buy with credit/debit card: Use your Visa or Mastercard to get Stellar instantly. We also accept Apple Pay and Google Pay for quick, hassle-free transactions.
• Bank transfer: Make a SEPA or SEPA Instant transfer to securely buy Stellar directly from your bank account, with no lengthy procedures.
• Buy with cash: Get Bitnovo vouchers at over 40,000 physical locations and easily redeem them for Stellar through our purchase platform.

Benefits of buying Stellar with Bitnovo

• Quick and easy process: No complex registrations or lengthy verifications. Just choose your payment method and receive your XLM in minutes.
• Multiple payment options: Pay by card, transfer, or cash - whatever works best for you.
• Guaranteed security: Bitnovo is a trusted platform with years of experience in the European crypto sector, designed for users seeking safe and straightforward transactions.

How to buy Stellar with Bitnovo

If you prefer cash, Bitnovo offers a practical solution through crypto redeemable vouchers, available at thousands of points of sale.

Step by step guide:

Find a nearby store:

Use Bitnovo's search tool to locate partner stores in your area where you can purchase vouchers.

Purchase the voucher:

Visit your chosen store and buy a Bitnovo voucher for your desired amount, paying in cash.

Redeem your voucher for Stellar:

• Go to the Bitnovo Vouchers redemption page.
• Enter your voucher code and your Stellar wallet address.
• Confirm the transaction - you'll receive your Stellar in your wallet within minutes.