The Stellar Coin has risen steadily over the past year and has given its users an impressive return. The coin is currently consolidating near the region of $0.31 at the time of writing. The token could gain another 20-30% from the current price level if the bulls manage to push prices up.
How and where to buy Stellar in Germany and elsewhere
If you want to buy crypto tokens, you need to register an account with a crypto exchange/broker platform. All you need to do is provide your full legal name, email address and phone number. At this stage, an additional step is required as part of the regulation of Know Your Customer (KYC). You must verify your account by providing proof of identity and address. To do this, you can provide copies of your driver’s license and utility bill.
It is important to avoid decentralized exchanges because they are unregulated. For your convenience, we have shortlisted two of the best platforms for trading.
eToro
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CEX.IO
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What is Stellar?
The Stellar network is primarily used as a payment system focused on cheap and fast cross-border transfers. It costs only 0.00001 XLM in transaction fees. The Stellar network is a direct competitor to other payment systems such as Ripple (XRP) and has managed to build strong partnerships to promote quick and easy payment transfers.
Should I buy XLM today?
The Stellar token is currently in a strong bull market accompanied by increasing volumes. The early owners of XLM could be generously rewarded if the token continues to rise in the future.
The Stellar token has the potential to recover further due to the large volume of purchases, and the coin could break through the $0,5 mark if the bulls can maintain the current rally.
This article is for informational purposes only – none of the content should be construed as financial or investment advice.