Why buy Stellar Lumens?
By design, the Stellar Lumens platform aims to disrupt remittances but also the entire banking sector: the speed of transactions and the low costs are the main advantages of using Stellar rather than Bitcoin or Ethereum. But that's not the only advantage: Stellar is also easier to use, as you can quickly create your own currency. In addition, Stellar is safer for projects that use it, as the contract system is very secure, simple and efficient unlike Ethereum. For a long time it did not offer as much power as Ethereum, but that has changed: the project has launched Soroban, a Turing-complete smart contract platform comparable to Ethereum's, which opens a new era of decentralized applications for Stellar. One of the first applications to see the light of day on Stellar is litemint.com. Last but not least, at the end of 2019 the Stellar project team made an important decision for the future of the project. In fact, the Stellar Development Foundation (SDF) burned a total of 55 billion lumens (XLM), worth $4.4 billion, in order to reshape its development strategy. Stellar and Ripple are two projects with many technical similarities but different strategies. With this important announcement, we think that the Stellar Lumens (XLM) token will become much more sought after by investors, while Ripple still holds a huge amount of XRP not yet in circulation, which it sells on the market as soon as the price goes up. Another big advantage for Stellar compared to Ripple is its founder Jed McCaleb who is still in the project as chief architect, while Ripple had to recruit a new architect without Jed's depth of knowledge. Stellar and Ripple are also competing to create central bank digital currencies (CBDC) for several countries. For example, Stellar is working with Ukraine on its digital currency project called e-hryvnia. Once again, we bet that Stellar will win over its competitor Ripple thanks to its technological know-how.
How to buy Stellar Lumens? (credit card or transfer)
To buy Stellar Lumens (XLM), the best option is to go through Coinbase or Bitpanda and make a deposit in fiat currency (Euro, Dollar, Pound...) by credit card or bank transfer. It is best to fund your account by bank transfer, as the fees are lower than with a credit card. If you only want to buy a small amount of XLM, a credit card is fine because it is simple and fast, but if you have a lot of money to invest in crypto, you should use a bank transfer from the start. Many people would also like to use PayPal to buy XLM, but we do not recommend it: few reputable platforms support this payment method and PayPal fees are high compared to a credit card or bank transfer. On the other hand, Coinbase does let you sell your XLM and receive the money in your PayPal account.
Stellar XLM: Official websites
Here are the official links of the Stellar Lumens project. We advise you to explore these sites to form your own opinion about this project before investing. The project has very high potential and we think it can quickly dethrone its competitor Ripple as an international transaction system, but for this it must win massive adoption in the coming months and years: that is really the key thing to follow before investing in this project.
Stellar XLM: Ecosystem
The Stellar ecosystem revolves around decentralized exchanges (DEX), and Stellar is very ambitious: the team aims to disrupt the whole financial world, including exchanges and trading platforms. We believe it is possible, because the end user, that is to say the small independent trader, has a lot to gain on transaction fees alone: on trading websites such as IG Bank or eToro, they add up to a significant amount! With Stellar, costs can be divided by a hundred or even a thousand. These low transaction fees are a strong argument that could convince many people to buy Stellar Lumens now.
Stellar XLM: Social Networks
To connect with the community, here are the most important forums and social networks for XLM. They will help you follow the news, discover new applications and form your own opinion on this blockchain.