Where can I Buy Stellar (XLM) Crypto?
Almost every cryptocurrency exchange in Australia offers the ability to buy Stellar. However, not all of them offer secure and affordable ways to buy XLM. When purchasing tokens it’s important to do through a safe platform that is properly licensed to operate in Australia.
The safest cryptocurrency investing platform in Australia is CoinSpot, it has been awarded the ISO27001 Standard Security Certificate and it is a registered member of AUSTRAC, Blockchain Australia and the Australian Digital Commerce Association.
How to buy Stellar (XLM) in Australia
This guide outlines the easiest way for Australian investors to buy the cryptocurrency, Stellar (XLM). The best way to buy Stellar in Australia is through the CoinSpot exchange. Follow the below steps to get started.
- Create an account on CoinSpot and complete verification.
- Deposit Australian dollars onto CoinSpot by clicking ‘Deposit Funds’.
- Go to the ‘Markets’ tab and select the ‘XLM/AUD’ market.
- Enter the amount of AUD you want to invest and tap ‘Buy XLM’.
What is the Stellar (XLM) cryptocurrency
The Stellar network is a decentralised platform that connects banks and financial institutions around the world. It allows for fast, cross-border transactions with low fees. XLM is the native currency of the Stellar network.
It is used to pay for transaction fees and to power the Stellar Decentralised Exchange (SDEX). XLM can also be used to create Stellar tokens. Stellar tokens are digital assets that represent real-world assets like fiat currencies, commodities, and other cryptocurrencies.
Is it expensive to buy Stellar?
CoinSpot offers the lowest fees in Australia for buying the Stellar cryptocurrency. On CoinSpot you can deposit Australian dollars for free and buy XLM for a small 0.1% trading fee. Meaning if you buy $100 worth of XLM on CoinSpot you will only need to pay $0.1 to the exchange. For a full breakdown of the fees on CoinSpot, you can visit the Fees Schedule.
What AUD deposit methods can I buy Stellar with?
CoinSpot supports multiple AUD deposit methods for Australian investors. Refer to the list below for a breakdown of the supported deposit methods on CoinSpot, including the corresponding fee and deposit time.
- PayID, POLi & Bank Transfer (Osko) - Free & Instant
- BPAY - 0.9% & 0 - 2 Business Days
- Card - 2.58% & Instant
- Cash - 2.5% & Instant
- Crypto - Free & Instant
If you would like to learn more about CoinSpots fees, you can visit our CoinSpot Review.
Overall, If you are looking to buy Stellar (XLM) in Australia, CoinSpot is the most secure and affordable platform available. It has been awarded the ISO27001 Standard Security Certificate and it is a registered member of AUSTRAC, Blockchain Australia and the Australian Digital Commerce Association.
CoinSpot supports multiple AUD deposit methods including PayID, POLi and Bank Transfer (Osko) which are free & instant. It also supports BPAY, Card, Cash and Crypto deposits. For a full breakdown of the fees on CoinSpot, you can visit the Fees Schedule.