Hello everyone, today we are going to talk about how to buy Stellar Coin (XLM). If you are interested in cryptocurrencies, you should know that Stellar (XLM) is a popular digital currency, especially in cross-border payments. However, for cryptocurrency enthusiasts in Taiwan, finding a reliable exchange that supports XLM can be a challenge. In this article, I will introduce you to some XLM-enabled exchanges and explain how to buy Stellar Coin on these platforms to help you enter the XLM market smoothly.
Why Stellar Coin (XLM)?
Stellar Money (XLM) is a digital currency issued by the Stellar Protocol to solve the problem of cross-border payments in the traditional financial system. Compared to Bitcoin, XLM is chosen by many businesses and developers as a payment tool because of its faster transaction speeds and lower handling fees. If you are interested in participating in such an innovative technology or wish to conduct cross-border transactions, StellarCoin is definitely an option worth looking into. It also has strong community support and partners, giving it a steady market demand in the digital currency space.
What exchanges support XLM?
Currently, many large cryptocurrency exchanges support Stellar Coin (XLM) trading transactions, the most well-known of which include Binance, Coinbase, Kraken, and OKX. These exchanges not only provide a stable and secure trading environment, but also offer a wide selection of pairs to facilitate trading and asset management. In particular, platforms like Binance and Coinbase offer easy-to-use interfaces that are perfect for newcomers to cryptocurrency trading.
How to buy Stellar Money (XLM) on Binance?
Binance, one of the largest cryptocurrency trading platforms in the world, supports the trading of multiple fiat currencies and cryptocurrencies. To buy XLM on Binance, you first need to register an account and complete identity verification. You can then fund your account via bank transfer or credit card, and then use the trading pairs on the platform to buy and sell XLM. It's worth noting that Binance's transaction fees are relatively low and it offers a wide range of trading tools for experienced users.
How to buy XLM on Coinbase?
Coinbase is one of the world's most recognized cryptocurrency exchanges and is very beginner friendly. After signing up, you can directly fund your account with NTD and then choose XLM to trade with other cryptocurrencies.Coinbase is simple and intuitive to use and offers strong security, making it one of the preferred exchanges for many users in Taiwan. In particular, Coinbase supports direct trading in fiat currency, making it easy for novice users to get started.
How to choose the right XLM exchange?
Choosing the right exchange to buy XLM is not only about the platform's transaction fees, but also about the platform's security, transaction speed, and whether it supports payment methods in your region. For example, Binance and OKX support Taiwan Dollar top-ups, which is very convenient for Taiwanese users. Some platforms offer lower transaction fees and fast transaction processing speeds, which help to enhance the trading experience for users. Therefore, when choosing an exchange, not only should you consider the fees, but you should also choose the most suitable platform for your needs.
Notes on purchasing Stellar Coins (XLM)
When purchasing Stellar Money (XLM), there are some notes that require special attention. When choosing an exchange, check to see if it offers XLM withdrawal and replenishment. Some exchanges may only support trading and not withdrawals, so make sure you can withdraw XLM to your wallet without problems. Prices may vary slightly between exchanges, so compare quotes from different platforms before you buy and choose the most competitive price to trade at.
Frequently Asked Questions Q&A
1. How do I transfer XLM to my wallet?
After purchasing XLM on the Exchange, you can withdraw XLM to your personal wallet. Simply select the "Withdrawal" option on the Exchange and enter your XLM wallet address. Please make sure you enter the correct address to avoid losing your assets.
2. Is there any handling fee for buying XLM on Binance?
Binance's transaction fee for most pairs is 0.1%, however, there is a special offer to use BNB (Binance Coin) to pay the fee, which will be reduced to 0.075%.
3. How can I ensure the security of my XLM transaction?
Regardless of which exchange you trade on, security is paramount. Protect your account with Dual Identity Authentication (2FA) and only trade on trusted exchanges. For added security, you can choose to transfer your XLM to a cold wallet for storage.
I hope this article has helped you understand how to buy Stellar Money (XLM) and how to choose an exchange that supports XLM. If you have any other questions, please feel free to leave a comment!
English 
Chinese