Stellar (XLM) ranks as the 20th largest cryptocurrency by market capitalization, currently valued at US$7.5 billion**. Over the past year, its price has surged by **167%**, reflecting its growing adoption. However, XLM remains highly volatile, with daily price fluctuations. As of today, XLM trades at **$0.244983 USD, down from yesterday’s price of $0.260913 USD.
Before investing in Stellar, familiarize yourself with its unique risks, legal status, and tax implications in Australia. This guide provides a step-by-step approach to purchasing XLM securely.
How to Buy Stellar in 5 Simple Steps
Purchasing XLM can be completed in under 15 minutes. Here’s what you’ll need:
- A smartphone or computer
- An internet connection
- Photo identification (for verification)
- A payment method (bank transfer, card, or crypto)
1. Compare Crypto Exchanges
Choose a reputable exchange based on:
- Low fees
- User-friendly interface
- Customer support availability
👉 Compare top exchanges for buying Stellar
2. Create an Account
Sign up by:
- Verifying your email address
- Completing KYC (Know Your Customer) with photo ID
3. Deposit Funds
Options include:
- Bank transfers (often fee-free)
- Credit/debit cards (instant but higher fees)
- Cryptocurrency transfers (e.g., Bitcoin or stablecoins)
4. Buy Stellar (XLM)
- Navigate to the XLM trading pair (e.g., XLM/AUD).
- Enter the amount and execute the trade.
5. Secure Your XLM
For enhanced security, transfer XLM to a personal wallet:
- Hardware wallets (e.g., Ledger, Trezor)
- Software wallets (e.g., Trust Wallet, Exodus)
Where to Buy Stellar in Australia
Select exchanges supporting AUD deposits and XLM trading pairs. Key factors to consider:
- Supported fiat currencies
- Deposit/withdrawal fees
- Liquidity
What Is Stellar?
Launched in 2014, Stellar Lumens (XLM) facilitates fast, low-cost cross-border transactions (2–5 seconds per transaction). Originally targeting the unbanked, Stellar now serves financial institutions via blockchain technology.
Key Features:
- Hard fork of Ripple (XRP)
- Acts as a bridge currency
- Transaction fees under $0.01
How to Choose the Best Exchange
Evaluate exchanges based on:
- Fees (trading, withdrawal)
- Security measures (2FA, cold storage)
- Regulatory compliance (AUSTRAC registration)
👉 Find the best Stellar exchange for your needs
What You Need to Buy Stellar
- Email address (for account creation)
- Photo ID (for KYC verification)
- Proof of address (utility bill or bank statement)
Best Payment Methods for Buying XLM
| Method | Speed | Fees |
|---|---|---|
| Bank Transfer | 1–3 days | Low/None |
| Credit Card | Instant | 2–5% |
| Crypto Transfer | Minutes | Variable |
Easiest Way to Buy Stellar
Instant buy options simplify purchases but may have higher fees. For better rates, use the spot market to set custom prices.
Best Wallets for Stellar (XLM)
| Wallet Type | Examples | Security Level |
|---|---|---|
| Hardware | Ledger Nano S/X | High |
| Software | Exodus, Trust | Medium |
| Exchange | Binance, OKX | Low (Not recommended for long-term storage) |
Is Stellar a Good Investment?
Consider these factors:
- IBM Partnership: Collaborates on global payment systems.
- Altruistic Mission: Targets financial inclusion.
- Volatility: Prices fluctuate rapidly.
Stellar Price vs. All-Time High (ATH)
- Current Price: $0.244983 USD
- ATH: $0.875563 USD (January 2018)
Frequently Asked Questions (FAQs)
1. Is Stellar (XLM) legal in Australia?
Yes, XLM is legal and regulated under AUSTRAC guidelines.
2. What’s the cheapest way to buy Stellar?
Bank transfers typically offer the lowest fees.
3. Can I store XLM on an exchange?
While possible, hardware wallets are safer for long-term storage.
4. How long do Stellar transactions take?
2–5 seconds on average.
5. What’s the difference between XLM and XRP?
XLM focuses on accessibility, while XRP targets institutional payments.
6. Does Stellar have staking rewards?
No, XLM does not support staking.
Crypto Market Update: July 2025
Bitcoin surpassed $110K, while Ether gained 45% in May. Regulatory shifts and geopolitical events continue to drive volatility.
Disclaimer: Cryptocurrencies are speculative and high-risk. Past performance doesn’t guarantee future results. Conduct independent research before investing.