How to Buy Stellar Lumens


What is Stellar Lumens (XLM)?

Stellar Lumens (XLM) is the native token of the Stellar ecosystem. Stellar aims to enable fast, efficient, and cheap cross-border payments. Users can create, send, and trade digital representations of all forms of money using the Stellar network. Stellar was created by Jed McCaleb, the founder of Ripple. The main utility of XLM is to act as a bridge between two different currencies and enable seamless cross-border transfers.

Originally, 100 billion XLM were premined with an annual 1% inflation rate. Unlike Bitcoin and Ethereum, XLM isn’t mined via a consensus mechanism. The Stellar Consensus Protocol (SCP) uses quorum slices to coordinate agreement throughout the network. In 2019, the network decided to reduce the overall supply and remove the inflation mechanism via a governance vote.

What can you do with Stellar Lumens?

Connect Banks Across The Globe

The main utility of the Stellar networks is to connect banks from all over the world with each other. As per the Stellar website, they have two major Enterprise use cases – Stellar Remittances and Stellar for Cross-border Payments. The XLM token acts as a go-between two foreign currencies.

Hold Stellar Lumens

Many people buy XLM for the profit expectations and benefit from long-term gains. If you do have a "buy-and-hold" strategy, then we recommend transferring your coins to a cold hardware wallet like Ledger Nano. Having said that, CoinSmart has taken several security measures to ensure user fund protection. These include – mandatory 2FA, withdrawal confirmation emails, cold storage & BitGo user funds insurance.

Buy/Sell/Trade Stellar Lumens

Buy and Sell XLM on CoinSmart’s highly liquid platform. Fund your account and buy Stellar Lumens with CAD, USD, or EUR on our platform. You may also use the SmartTrade feature to instantly trade XLM for other coins in one click.

Send Stellar Lumens To A Friend

The Stellar Lumens tokens can be used for simple transactional purposes as well. As long as two people have a compatible wallet, they can send XLM to each other from anywhere in the world.

Learn About Stellar Lumens

Learn More About Stellar Lumens by checking out our detailed guides on GetSmart Hub. The GetSmart Hub has a bunch of guides and research pieces on Stellar Lumens and other cryptocurrencies.

Steps to Buying Stellar Lumens

Purchase Stellar Lumens with Credit Card

With CoinSmart you can instantly fund your account with your credit card (up to 6% fees) and make your trades.

Purchase Stellar Lumens with Bank Transfer

Use bank wire transfer, bank draft, and Interac e transfer to instantly fund your account on the very same day and buy XLM.

Purchase Stellar Lumens with Other Cryptos

Use SmartTrade to convert one of your other cryptos to XLM in one step. SmartTrade allows you to instantly buy and sell Stellar Lumens and other cryptocurrencies.

Why Buy XLM
on Coinsmart?

Trade safely with our powerful security

CoinSmart utilizes world-class cybersecurity practices to ensure that your funds are always safe. Our funds are insured by BitGo, to guarantee protection in the unlikely event of a hack. User accounts and withdrawals are further kept secure via Google 2FA and Email Withdrawal Confirmations.


CoinSmart is the perfect starting point if you are new to crypto, thanks to its 24X7 client service and jargon-free approach. Everything in our interface is straightforward. Extra care has been taken to ensure simplicity in each and every step.

XLM Trading Now In Your Pocket

CoinSmart gives you on-the-go access to XLM and other popular cryptocurrencies. The intuitive mobile app simplifies the digital asset buying, selling, and trading process. The app is available on both Android and IOS.

Made with <3 in Canada

CoinSmart is proudly Canadian. We want to create the ideal crypto platform for our users in Canada, Europe, and beyond. To provide a safe environment for our users, CoinSmart has worked closely with the Ontario Securities Commission (OSC) to obtain the license as a restricted dealer. In simple terms, we are legally obliged to operate transparently and ethically.

About Coinsmart

Regulation First

CoinSmart is working closely with regulators, being a publicly-traded company. Currently, we are obtaining licenses for jurisdictions around the world to work hand-in-hand with regulators. Regulated, centralized exchanges with a fiat on-ramp are necessary for the future growth of the ecosystem.

Commitment to Transparency

CoinSmart is required by law to adhere to strict principles of fund transparency. CoinSmart’s financial reports are regularly published on both our website and SEDAR. Users can easily keep track of any and all operational expenses.

A Powerhouse Team

CoinSmart is led by a fantastic group of individuals and a board of directors. The three co-founders have previous experience in successfully founding and running startups. The board includes a “Top 40 Under 40” recipient, a founding member of the “Women General Counsel Canada” (WGCC), and the SVP of a multi-billion dollar company.

Reviews &

“The Coinsmart staff has been very helpful and assisted me when I had any issues. They answered all my questions and resolved any problems that I encountered! This has been a great support as a newbie in this space.”
– Al Torjdamn
“Very impressed that I got live customer support at 2 AM! They were very helpful and even told me about some new features coming to CoinSmart. I will recommend CoinSmart to all my friends. Keep up the great work!”

– Hayley

“I use CoinSmart as my primary exchange. It’s got a nice layout, it’s easy to navigate, the verification process was quick and easy and I was able to fund my count without issues afterward. I had a couple of questions and they were very informative in answering them. The customer support even reminded me of their referral options which have ended making me a little extra cash to play with.”
– Brandyn Funk
Start Buying XLM

Ready to buy Stellar Lumens?  Signup for CoinSmart to get started.

Download your CoinSmart app from both IOS and Android and buy XLM:

Buy XLM Now