Stellar (XLM) is the native asset of the Stellar network, an open-source blockchain designed to make global payments faster, cheaper, and more accessible. Launched in 2014 by Jed McCaleb, Stellar focuses on connecting financial institutions, payment systems, and individuals through seamless, low-cost cross-border transfers.<a href="https://cryptal.com/en/blog/what-is-stellar-xlm">XLM</a> plays a key role in facilitating these transactions by enabling fast settlement and acting as a bridge currency between different assets. Its combination of speed, affordability, and global reach makes it popular for remittances, microtransactions, and real-time international payments. Many users choose to Buy XLM to participate in the network’s payment ecosystem or add a high-utility asset to their portfolio.XLM Price often reflect adoption by fintech platforms, real-world partnerships, and overall demand for efficient payment solutions. With its focus on financial inclusion and interoperability, Stellar continues to be a leading blockchain for global money movement.

<h1>What will you learn about Stellar (XLM)?</h1>Jed McCaleb and Joyce Kim pioneered the development of Stellar, launching it in 2014. Evolving from the "Ripple" model, Stellar represents a decentralized and open-source digital currency platform that facilitates swift international transfers between various currencies. Utilizing blockchain technology at its core, Stellar operates with its native digital asset known as Lumen (XLM). One of the standout features of Stellar is its ability to transfer crypto income securely across borders in a flash and at minimal costs.This Blog delves into the intricacies of Stellar, its underlying blockchain, and guides readers on acquiring the cryptocurrency without incurring any commission fees.

<h2>What is Stellar (XLM)?</h2>Stellar is an open network specifically tailored for transactions and the digital issuance of assets. It's designed to digitally create, send, and exchange a diverse range of values—from U.S. dollars and Argentine pesos to crypto income and tangible assets like real estate. Stellar's vision is to unify global banking systems under a single digital currency platform, enabling seamless interactions.The journey of Stellar has witnessed significant milestones. A notable surge was when Mercado Bitcoin announced its adoption of Stellar, leading to an influx of nearly 3 million digital accounts on the platform in under a year. Since then, recognized entities like Coinbase, Franklin Templeton, and MoneyGram have joined Stellar's growing network. Moreover, over 55,000 individual accounts have chosen to align with this cryptocurrency.Stellar's goal is to foster a world where financial transactions, whether small or significant, are executed effortlessly and rapidly. Imagine a scenario where a business deal between a U.S. manufacturer and an Indonesian buyer is legitimized with a single digital transaction on Stellar's platform.The Stellar blockchain stands out as a bridge connecting financial institutions, payment systems, and individual users. Its efficiency, speed, and affordability make it a preferred choice for developers, enterprises, governments, and individuals seeking a robust financial foundation.Today, Stellar ranks among the top 30 blockchain platforms globally. Its cryptocurrency, Stellar Lumens (XLM), continues to gain market traction, symbolizing the increasing acceptability and utilization of digital currencies.&nbsp;&nbsp;Interesting Facts about Stellar:<ul style="list-style-type:disc;"><li>Inflation and Stellar: For several years after its inception, Stellar had a built-in inflation mechanism. It increased the XLM supply by 1% annually. However, this was discontinued in 2019 after a community vote, and a significant amount of XLM was burned (destroyed) to reduce the total supply. &nbsp;</li><li>Stellar and Ibiza: In 2017, Stellar sponsored a party on the Spanish island of Ibiza. They did this to raise awareness of the cryptocurrency. The event allowed party-goers to use lumens (XLM) for purchases, introducing many to the world of crypto in a fun and unique setting! &nbsp;</li><li>Partnership with Big Names: Stellar has collaborated with significant entities in the tech and financial world, such as IBM. Together with IBM, Stellar aimed to develop a cross-border payment solution.</li></ul>

<h2>What is Stellar’s Blockchain?</h2>Stellar, much like its blockchain counterparts, archives all its activities on a decentralized public ledger. This ensures that data within the Stellar network remains highly secure, making tampering nearly impossible.The beauty of Stellar lies in its open nature. Anyone can participate as a validated node, reinforcing its decentralized architecture and enhancing its security. To counter the common problem faced by many blockchains—low-fee spam transactions—Stellar has introduced a minimal fee for each operation.At the heart of any decentralized payment system is the principle of consensus. Rather than relying on a single, confined, centralized entity, Stellar distributes the responsibility of transaction verification across a vast network of nodes (computers). It's imperative that each node updates the ledger consistently to ensure uniformity across the network. These nodes can be managed either by organizations or individual users. Achieving consensus is vital as it ensures all nodes are in agreement, bolstering the blockchain's security and preventing potential double-spending attacks.

<h2>Why is Stellar’s Blockchain Useful?</h2>Tokenization of Collectibles - Tokenization, a process embedded in today's digital framework, serves as the bedrock of the contemporary digital landscape. By converting valuable assets like money, stocks, personal data, and health records into digital tokens, tokenization simplifies and secures transactions. While it might sound futuristic, tokenization is actively reshaping our daily lives and has the potential to revolutionize multiple industries. One intriguing application of tokenization is allowing collective ownership of invaluable items. Imagine a world where a Michelangelo masterpiece isn't owned by a single entity, but by thousands, with each shareholder capable of trading their stake on a digital marketplace or benefiting from exhibition charges. Modern artists can tap into tokenization to fund their innovative projects.Exchange and Cross-Border Payment - Blockchain, especially platforms like the Stellar Blockchain, is emerging as a solution to enhance the efficiency of cross-border remittances. Even those without standard banking access can leverage cash services via blockchain-powered cross-border payment systems. Integrations between domestic payment structures, cross-border implementations of closed enterprise systems, and peer-to-peer blockchain payment models are becoming increasingly prevalent. On the Stellar network, an XLM transaction is priced at a meager $0.0000006 on average, making it notably cheaper compared to other cryptocurrencies and conventional international transaction fees.Peer-to-Peer Payments - Peer-to-peer (P2P) payment systems have evolved from mere personal transaction tools to versatile payment methods compatible with various businesses. Whether you're shopping online or picking up organic produce at a local farmer's market, your P2P account can now function as a digital wallet. The Stellar Blockchain accelerates this evolution, allowing users to swiftly transfer funds between accounts seamlessly.

<h2>How Can I Buy Stellar?</h2>Whether you're just dipping your toes into the vast ocean of digital currencies or you're a seasoned trader with numerous trades under your belt, an Online Crypto Trading Platform is your go-to destination.Enter Cryptal, Georgia's premier trading platform. For those interested in Stellar, Cryptal offers not one, but two streamlined methods:But wait, there's more! With Cryptal, withdrawing your Stellar comes with zero commission. That's right – transfer any amount to another address, and every penny is credited to you.

<ul style="list-style-type:disc;"><li>Convert: Sometimes, the crypto world's ebb and flow demand immediate action. Cryptal's Convert is designed precisely for such moments. With market values constantly on the move, procuring your tokens without delay can make all the difference. Plus, you don’t need to be a professional, the Convert function is ideal for the very beginners, too. <img src="https://landing-back-static.cryptal.com/eng_version_cf0e8c2f22.gif"> With the Convert feature, effortlessly switch between XLM and TOGEL, TOUSD, or TOEURO. And if you're in the mood for some crypto-on-crypto action, Convert handles that with ease, with no technical jargon involved.</li></ul>

<ul><li>Spot Exchange: Picture this as your digital marketplace. It's where you connect with fellow traders keen on buying or selling cryptocurrency, like XLM in this context. Place your bid, sit back, and once approved, you've successfully executed a Buy Order.&nbsp; Spot Exchange does often fetch the most competitive prices. However, it's tailor-made for those who've spent some time in the crypto trading trenches and have the expertise to navigate its intricacies.</li></ul>

<h2>Stellar – Fast and Useful Crypto on Cryptal</h2>Since its inception by Joyce Kim and Mc Caleb through the Stellar Development Foundation in 2014, the platform has seen exponential growth and evolution. It's undeniable: Stellar's horizon looks promising, and it's a venture worth monitoring closely. Their partnerships read like a 'who's who' in the corporate world, with giants like Deloitte, IBM, and Stripe backing them.Stellar was conceived with an ambitious vision: to break down economic barriers and empower individuals to seamlessly integrate with the global marketplace. At its core, Stellar operates as a peer-to-peer network, fostering direct transactions between users without intermediaries. This decentralized nature ensures Stellar belongs to its community and isn't governed by a singular entity.And to buy this limitless cryptocurrency, you can access Cryptal, and its functionality of Convert and Spot Exchanges.&nbsp;

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Here you will learn what is Stellar (XLM), How you can use it, and where to buy and withdraw with a 0% commission fee.&nbsp;

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Simply: What is Stellar (XLM)?

Stellar Lumens (XLM) is a crypto asset designed for fast, low-cost global payments.&nbsp;

What is XLM?

Buy XLM on Cryptal via Visa/Mastercard, trading, or Convert.&nbsp;

How can I buy XLM?

It enables quick cross-border transfers for individuals and institutions.&nbsp;

Why is XLM used?

Yes - though historically less extreme than some crypto assets.&nbsp;

Is XLM volatile?

Yes - to any XLM-compatible wallet.

Can I withdraw XLM?

Frequently Asked Questions about XLM

Buying Stellar (XLM) on Cryptal is quick, secure, and ideal for users who want fast and low-cost payment-focused assets.

Create your Cryptal account and complete the verification process to secure XLM transactions.

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Top up with GEL, USD, or EUR using Visa/Mastercard, wire transfer, or cash. Once your balance is funded, you’re ready to Buy XLM instantly.

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Choose the method that fits your needs:<ul><li><a href="https://cryptal.com/ex/buy/choose?currency=XLM&amp;flow=card&amp;fiat=USD">Direct card purchase</a> to Buy Stellar instantly;</li><li>Convert to swap any supported asset into XLM with one click;</li><li>Spot Exchange to trade at the live Stellar Price.</li></ul>

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How to Buy XLM on Cryptal

Tether (often called by its short code USDT) is a cryptocurrency with tokens issued by Tether Limited, which in turn is controlled by the owners of Bitfinex. Tether is the most popular stablecoin, as it was originally designed to always be worth US$1.00, maintaining $1.00 in reserves for each tether issued.

Bitcoin (BTC or ₿) is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.&nbsp;

Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011. In technical details, Litecoin is nearly identical to Bitcoin. It is a source code fork of the Bitcoin Core client, differing primarily by having a decreased block generation time (2.5 minutes), increased maximum number of coins, different hashing algorithm (scrypt, instead of SHA-256), and a slightly modified GUI.Litecoin was released via an open-source client on GitHub on October 7, 2011. The Litecoin network went live on October 13, 2011.&nbsp;

Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether (ETH or Ξ) is the native cryptocurrency of the platform. Among cryptocurrencies, Ether is second only to Bitcoin in market capitalization. Ethereum was conceived in 2013 by programmer Vitalik Buterin. In 2014, development work commenced and was crowdfunded. The network went live on July 30, 2015. In September 2022, Ethereum's blockchain converted to Proof-of-Stake validation.&nbsp;Additionally, many other cryptocurrencies operate as ERC-20 tokens on top of the Ethereum blockchain and have utilized the platform for initial coin offerings, as do many NFTs and other smart contract projects.

Solana launched in 2017 during the ICO boom. Its first goal was to minimize the time it took to validate transactions, leading to its novel Proof-of-History algorithm.SOL is the native currency on the Solana blockchain and was released to the public in May 2020.&nbsp;

Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, and was renamed Aave in September 2018. It was one of the first crypto lending platforms to appear and currently has more than $12 billion in total value locked.

Cardano is a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake. It can facilitate peer-to-peer transactions with its internal cryptocurrency, Ada.Cardano was founded in 2015 by Ethereum co-founder Charles Hoskinson. The development of the project is overseen and supervised by the Cardano Foundation based in Zug, Switzerland. It is the largest cryptocurrency to use a proof-of-stake blockchain, which is seen as a greener alternative to proof-of-work protocols.

AXS is the governance token of the Axie Infinity ecosystem, giving holders rights to participate in votes and decide how funds are spent. Axie Infinity is a trading and battling game that allows players to collect, breed, raise, battle, and trade creatures known as "axies" (characters based on axolotl), which are digitized as NFTs. New players need to purchase at least three axies to begin playing. The game uses a "pay-to-earn" model (also called "pay-to-play-to-earn" model) where participants can earn a token which is traded on Binance as an Ethereum-based cryptocurrency.&nbsp;&nbsp;

Bitcoin Cash is a fork of Bitcoin that aims to be a true peer-to-peer electronic cash system. Bitcoin Cash was created in 2017 and features fast payments, low fees, privacy, and high transaction capacity.

BNB is the dedicated token for Binance exchange, issued on its own blockchain. It is an integral part of the BNB ecosystem and its subprojects.

Chiliz is a popular digital currency used for sports and entertainment fan clubs operated on the Socios platform. When fans purchase CHZ, they gain access to fan tokens and can claim a stake in their club.&nbsp;

The Compound mainnet launched in September 2018, and has become extremely popular due to its open and flexible lending platform. It currently has more than $8 billion in total value locked.

Dai (or DAI) is a stablecoin cryptocurrency that aims to keep its value as close to one United States dollar (USD) as possible through an automated system of smart contracts on the Ethereum blockchain. Dai is maintained and regulated by MakerDAO, a decentralized autonomous organization (DAO), who may vote on changes to certain parameters in its smart contracts in order to ensure the stability of Dai.Together, Dai and MakerDAO are considered the first examples of decentralized finance to receive significant adoption.

Dogecoin is a cryptocurrency forked from Litecoin in 2013 and based on the popular Doge internet meme.&nbsp;

The Graph is an indexing protocol that queries blockchain data from networks such as Ethereum and the InterPlanetary File System (IPFS). Open APIs, called subgraphs, can be developed by anyone to make data from Graph-supported networks easily accessible. GRT is an ERC20 token used to allocate resources on these networks.&nbsp;

Chainlink is a decentralized blockchain oracle network built on Ethereum. The network is intended to be used to facilitate the transfer of tamper-proof data from off-chain sources to on-chain smart contracts. Its creators claim it can be used to verify whether the parameters of a smart contract are met in a manner independent from any of the contract's stakeholders by “connecting the contract directly to real-world data, events, payments, and other inputs.”LINK is an ERC677 token, an extension of ERC20. According to Chainlink, the trade value derived from these tokens is used to pay node operators for retrieving data from smart contracts, and also for deposits placed by node operators as required by contract creators. Tokens can be stored in any ERC20 wallet, as the ERC677 token retains all the functionality of an ERC20 token.

Decentraland launched its beta in 2019, following its $24 million ICO in 2017, and opened its platform publicly in February 2020. The premise of the platform is to support content creators who are looking for a new artistic medium, opportunity, or simply entertainment.

The Sandbox was launched in 2011 by Pixowl, and was an early pioneer of blockchain-based gaming. Many big-name gaming, entertainment, and sports industry brands have lent their support to the platform, including Atari, Adidas, and Snoop Dogg.

The Shiba Inu token (SHIB) is a decentralized cryptocurrency characterized as a "meme coin" and created by an anonymous person or group known as Ryoshi. It is named after the Shiba Inu (柴犬), a Japanese breed of dog originating in the Chūbu region, the same breed that is depicted in Dogecoin's symbol, itself originally a satirical cryptocurrency based on the Doge meme.&nbsp;Shiba Inu was created in August 2020, dubbing itself the “Dogecoin killer.” On May 13, 2021, Vitalik Buterin donated more than 50 trillion SHIB to the India COVID-Crypto Relief Fund.

Uniswap is a popular decentralized trading protocol that facilitates automated trading of DeFi tokens. UNI is an ERC20 token on the Ethereum blockchain that offers control over the Uniswap protocol governance, the UNI token community treasury, the protocol fee switch (0.05% of the fee would be collected by UNI token holders if activated), eth ENS, Uniswap default token list (tokens.uniswap.eth), and SOCKS liquidity tokens.

USD Coin (USDC) launched in September 2018 as a stablecoin pegged to the U.S. dollar at 1:1 basis. Every USD Coin in circulation is backed by $1 held in reserve, of both cash and short-term U.S. Treasury bonds. The Centre consortium created USDC and it is issued by regulated financial institutions.USD Coin’s mantra is “digital money for the digital age” as allows businesses to accept payments in digital assets, with a goal to create an ecosystem where USDC is accepted by as many wallets, exchanges, service providers and dApps as possible.

Stellar was released in 2014 by Jed McCaleb and Joyce Kim, and originally based on the Ripple protocol.&nbsp;

Ripple (XRP) was founded in 2012 by Jed McCaleb and Chris Larsen. Compared to other cryptocurrencies, Ripple takes much less energy and time to confirm transactions.

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Polygon is a layer-2 scaling solution with side-chains for off-chain computation, while ensuring asset security using the Plasma framework and a decentralized network of Proof-of-Stake (PoS) validators. It aims to offer scalable and instant blockchain transactions.&nbsp;MATIC is an ERC20 token used to pay for services on the Polygon Network, but also serves as a settlement currency between users who operate within the Polygon ecosystem.

Terra started in 2018, and its mainnet was launched in 2019. The LUNA token is used to stabilize the Terra protocol's stablecoins, and its holder are able to submit and vote on governance proposals.&nbsp;The Terra blockchain officially halted at block 7607789 in May 2022. The original Terra Chain has been rebranded as Terra Classic (LUNC).&nbsp;

Binance USD (BUSD) launched in September 2019 by Binance and Paxos and is a 1:1 USD-backed stablecoin. The New York State Department of Financial Services (NYDFS) approved and regulates BUSD, and its Monthly Audit Report can be viewed on its official website.&nbsp;Paxos has indicated that 96% of the assets backing BUSD are held in cash and cash equivalents, while 4% are invested in U.S. Treasury bills, as of June 30, 2022.

Fasttoken (FTN) serves as the primary crypto asset of the Bahamut blockchain, a public, EVM-compatible layer-1 network built on a distinctive Proof of Stake and Activity (PoSA) consensus model. Within the Bahamut ecosystem, FTN is essential for powering native and liquid staking, facilitating block validation, and supporting cross-chain interactions. It is also a key asset in the broader Fastex ecosystem, with applications spanning multiple industries, including iGaming and decentralized finance (DeFi) platforms.