Buy Stellar
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What is Stellar?
What Is Stellar (XLM)? How to buy Stellar Lumens? Stellar (XLM) is a decentralised digital currency network that aims to revolutionise cross-border transactions and empower financial inclusion. So what is Stellar? And how can you buy Stellar Lumens (XLM) on CoinJar? Let’s find out.
What Is Stellar (XLM)?
Stellar emerged in 2014, founded by Jed McCaleb, one of the co-founders of Ripple. Unlike Ripple, which targets traditional banking systems, Stellar operates as an open-source, not-for-profit network. Its mission? To connect people worldwide, regardless of their access to traditional banking services.
At its core, it is a blockchain-based platform that facilitates fast and low-cost cross-border payments. It allows users to transact in various currencies, both fiat and digital. The native token, Lumens (XLM), plays a crucial role in powering transactions on the network.
Stellar conspiracy theories
There is a fascinating conspiracy theory going around that Lumens will be the one global currency. People who make this claim say that humans have been getting conditioned for this for quite some time. Read about this wild story here.
Why was it invented?
It was designed to address several key challenges:
High transaction costs
Traditional cross-border transactions are expensive due to intermediary banks and fees. It aims to reduce these costs significantly.
Financial inclusion
Millions of people lack access to banking services. Stellar aims to provide an inclusive platform for everyone, especially the unbanked. All they need to participate is a phone.
Speed and efficiency
The platform processes transactions rapidly (thousands per second) and uses less energy than traditional systems.
Interesting uses
Cross-border payments
Stellar enables seamless, low-cost international money transfers. Whether you’re sending money to family abroad or conducting business transactions, it simplifies the process.
Digital assets issuance
Companies can create tokens representing real-world assets (like stocks or real estate) on the network. These tokens can be traded globally.
Decentralised applications (DApps)
Developers can build DApps on the platform, using its fast and secure infrastructure.
Holding Lumens is essential for using the Stellar platform. Lumens pay for transaction fees and provide liquidity.
Cash, credit or crypto?
Buy Stellar instantly using Visa or Mastercard. Get cash in your account fast with bank transfer, PayID or Osko. Convert crypto-to-crypto with a single click.
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DCA with Recurring BuyCoinJar DCA & Bundles
Dollar Cost Average (DCA) into individual cryptocurrencies or CoinJar Bundles. Choose your assets or Bundles with themed baskets of crypto in the CoinJar app and set up automated weekly, fortnightly, or monthly purchases at your preferred rate. Easily buy, sell, rebalance, and manage your portfolio with Recurring Buy to stay on track with your investment strategy.
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With one of the fastest matching engines in the world, CoinJar Exchange is purpose-built for institutions, market makers and professional traders. Features global liquidity, ultra-thin spreads and some of Australia’s most competitive fees.
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