How to Buy Stellar Lumens (XLM) in 2021 [Step-by-Step Buyers Guide]

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Cross-border transactions can sometimes be a chore. Each country has different policies for receiving and sending currencies from a different current, and sometimes it takes days to carry out a simple transaction. Also, different banking systems affect transactions as some countries are still heavily reliant on paper transactions.

To solve the problem of cross-border transactions, Stellar Lumens came up with an excellent plan. Stellar is an open-source blockchain payment system utilizing the blockchain to connect financial institutions and providing cheap cross transactions. While Stellar refers to blockchain technology, Lumens refers to the crypto coin used for transactions on the network.

To carry out cross-border transactions, Party A would send Currency A via a financial institution, and the financial institution would utilize Stellar Lumens to convert currency A to Currency B. In this guide, we will show you How to buy Stellar Lumens, the best wallet to hold XLM, and the best exchanges to buy with ease.


1. Go to the Binance website
2. Register and get your account verified
3. Set your 2FA
4. Click on the Exchange Tab.
5. Select the pair you want to exchange XLM/ETH or XLM/BTC
6. Click on the “Buy Order” and wait for it to fill through the Order Tab.
7. You are now a proud owner of some XLM

Where to Buy Stellar Lumens- Top 5 Exchanges

Just like Ripple, Stellar Lumens uses a distributed ledger to verify transactions, ensuring faster and cheaper transactions. Stellar can be found on several exchanges and can be bought using cash or cryptocurrencies. Some exchanges enable users to buy cryptocurrencies using debit and credit cards or peer-to-peer transactions depending on the regulations of the country. However, it is easy to exchange one crypto for another on most exchanges.

Before selecting an exchange, you have to ensure that your country is listed as part of the accepted trading countries, as this will enable you to buy coins with ease. Since Stellar Lumens aims to make financial transactions faster and easier, it has partnered with several banks such as Bank Busan of South Korea, RCBC from the Philippines, and Banco Bradesco from Brazil. This makes it a choice token to own, and this ‘How to Buy Stellar Lumens’ guide will help you in selecting the best exchange to buy XLM.

NameDeposit MethodBuy
Binance Cryptocurrency Exchange Logo
  • Crypto
  • Credit Card
  • Wire Transfer
Rating: 5


  • Wire Transfer
  • Cryptocurrency
  • Credit Card
Rating: 5

huobi exchange review
  • Crypto
  • Wire Transfer
  • Credit Card
Rating: 5


  • Credit Card
  • TransferWise
  • Crypto
Rating: 5


  • Crypto
  • Credit Card
  • Wire Transfer
Rating: 5

Step-by-Step Guide to Buying Polkadot

As of the time of writing, the price of XLM is $0.483544, about half the price of its last ATH back in 2018. The XLM project is one that has experienced tremendous growth and integration as several banks have integrated its solution to their platform. According to our predictions, we see the price of Stellar Lumens hitting as much as $10, making it a coin with lots of potentials. However, you should know that multiple factors influence the price of a token.

For instance, the Stellar Lumens Foundation had about 100 billion Lumens in existence when it was originally launched. However, in November 2019, more than half of those tokens were burned, and this caused a short-term rise in the price of the token. Although the value of XLM dropped after its parabolic rise in 2018, it is still one of the best performing tokens ranking #11 on the coinmarketcap. This ‘How to Buy Stellar Lumens’ guide will help you in making a decision towards the best exchanges to use in purchasing this coin that is fixed on solving cross order issues.

How to Buy Stellar Lumens on Huobi

Step 1: Create an account on Huobi Global and verify your account and do your KYC

Step 2: Click on “Balances” at the top of the Huobi page and then scroll to “Exchange Account” to deposit your USD. Next, convert your USD to BTC, ETH, USDT.

How to buy Stellar Lumens

Step 3: Search for XLM and click on the XLM/BTC pair. Most users may prefer the USDT/BTC pair as it is easier to acquire USDT.

Step 4: Check your balance first to ensure that you have made your USD or BTC deposit, then input the amount of XLM you want to buy and then click on buy.

Here’s How to Buy Stellar Lumens on OKEx

Step 1: OKEx offers its users different currencies to use in the purchase of cryptocurrencies. However, like most exchanges, you have to register on the platform before you can carry out transactions. Create an account on the OKEx website and complete the registration process.

Step 2: Next, select the method to buy or sell with; there are three methods to select from. Quick Trade, P2P Trade, and Block Trade. To buy using USD, select the Quick Trade method as it is the quickest method.

Step 3: Navigate to “Spot Trading,” which is at the top center of the page search for DOT/BTC, select the right pair, and type the amount you want to buy. Ensure your BTC has been bought successfully before you continue.

Step 4: You can also deposit XLM directly to OKEx or transfer your XLM from OKEx to the wallet of your choice.

Best Wallets to Hold Stellar Lumens

The best time to buy a coin is when the chips are down. A short-term trader knows that you buy when it's red and sell when it's green. However, long-term holders see beyond the immediate drop in price in the market and focus on the long-term value. For a project like Stellar Lumens, it has a long-term value offer for not just the crypto space but the financial sphere as well.

According to the Stellar Lumens road map for 2021, the project aims to create and foster sustainable use cases,  support the robustness and usability of the network and increase public knowledge. Stellar Lumens has a busy year ahead of it, and in this ‘How to Buy Stellar Lumens’ guide, we will be discussing the best wallets to hold your Lumens.

Whether you chose a Mobile, Desktop, or hardware wallet, it doesn't matter. What matters is that your choice wallet is non-custodial; this means that if you do not own the private keys, you may likely not own the coins.

Guarda Wallet

  • Desktop Client
  • Mobile 
Rating: 5

Trust Wallet

  • Mobile Application
  • Desktop
Rating: 5


  • Hardware
Rating: 5

More Information About Stellar Lumens [FAQS]

What is Stellar Lumens?

Stellar Lumens is an open-source blockchain payment system built to connect financial institutions via the blockchain and provide faster and cheaper transactions across borders. Founded in July of 2014, Stellar initially had the same protocol as Ripple as they also had the same co-founder, Jed McCaleb. However, in November 2015, Stellar moved to its own network and protocol.

The Lumen (XLM) is the native cryptocurrency for Stellar, and instead of utilizing the traditional mining systems for the validation of transactions, it uses a federated byzantine agreement (FBA) algorithm. Transactions are, therefore, faster on the Stellar network as it doesn't need miners to validate transactions. Stellar Development Foundation, a nonprofit organization founded by Jed McCaleb, is responsible for the operations of Stellar, while Stellar focuses on developing markets and cross-border transactions.

Is Stellar Lumens a Good Investment?

By the close of the trading day on 23 February 2021, the price of bitcoin had dipped to $48,000, and nearly $6 billion had been liquidated in futures trading. This is a typical sign that the market is unpredictable and susceptible to different outside factors. However, Stellar Lumens is a fair investment.

Stellar has a solid project foundation, knowledgeable experts working on it, and a solid road map. As of 23 February, the price of XLM at the height of the dip was $0.3366, and by 24 February, the price had retraced to $0.4250. For long-term investors looking for a project with long-term value for the community, Stellar Lumens fits the bill. However, this should not be considered financial advice.

About Stellar Lumens (XLM) Token

As of the time of writing, the price of Lumens is $0.4250 with a 24-hour trading volume of  $3,227,378,845 USD. Stellar is currently ranked as #1 with a market cap of $9,504,226,981 USD and a circulating supply of 22,484,955,761 XLM coins. Lumens also has a max. supply of 50,001,806,812 XLM coins.

Stellar Lumens Team

Stellar Lumens is operated by the Stellar Development Foundation, a non-profit organization that ensures that the project is focused on building an inclusive global financial market. SDF employs all the required talents for Stellar, from designers, technologists, scientists down to those involved in other areas. Although SDF has its offices in San Francisco and New York City, it ensures that its team members are employed from all around the world.

Some key members of the Stellar Lumens team include Denelle Dixon as CEO and Executive Director, Jed McCaleb, who is also the Founder and Chief Architect, David Mazières, who is the Founder and Chief Scientist, Denelle Dixon as CEO and Executive Director, Nicolas Barry as CTO, Candace Kelly as General Counsel and Jordan Edelstein as CMO.

Final Verdict

One of the goals on the roadmap for Stellar Lumens in 2021 is to “foster and develop sustainable Stellar use cases for cross-border payments and securitized assets.” To achieve this, Stellar has already set up motions by partnering with top leaders in the industry such as IBM, Franklin Templeton, Tempo, and Cowrie, and ABRA, among others. Stellar Lumens aims to help start-ups and financial institutions move money and access new markets with ease using the blockchain.

The Stellar network eliminates the friction of traditional remittance across borders, and from predictions, its Lumens coin could hit $10 in the coming years. With this ‘How to Buy Stellar Lumens’ guide,  you are now on your way to holding some XLM coins.

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