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Here's how you can buy Stellar Lumen's XLM easily - Global Coin Report
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Here’s how you can buy Stellar Lumen’s XLM easily

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Buy Stellar Lumens XLM
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Stellar Lumen’s cryptocurrency gives you a decentralized, international network which enables you to do international transactions very quickly and at a remarkably low cost. That is their goal, to make things swift and painless for you. They do thousands of transactions per second, and it typically takes only three seconds to complete one.

If you’re keeping an eye open on the cryptocurrency market, you know that Ripple has been the star (in performance if not overall price) because it’s just been doing great. This is not that much of a surprise since Stellar Lumen is, in fact, a Ripple fork (they went their own way in 2014).

It’s been a while since that happened, but you can still compare them directly and gain some knowledge. Both currencies are all about international payments (as opposed to a retail currency you can use to buy, say, cigarettes and everyday items) and transfers and they’ve been performing amazingly well.

Stellar’s token (or coin) is called a lumen. They are all pre-mined (which means they don’t need a calculation to become usable). Lumens have been airdropped to qualifying users, and there are around 20 billion lumens in circulation already. This is a huge number when you remember that Bitcoin ‘s maximum number of coins is twenty-one million only. Stellar has a hundred billion lumens available, but they are holding the remaining 80 billion for the time being.

It matters to learn how Stellar works because it affects the currency even before it hits the market. Most alt-coins serve international transactions by converting them into digital currency, sending them around, and then converting them back to fiat money. But that’s not exactly what Ripple or Stellar do.

It works like this. When you go for payment through Stellar or Ripple, the system finds a trusted intermediary that holds the funds turns them from fiat money into digital currency and then does the trick again in the target country. It sounds complicated because it is, but the system is so efficient that it all happens in seconds. It works which is why the financial world is going for it.

Here’s how you can get Stellar’s currency (3 simple steps)

Get a Stellar wallet

This is how you get started. There are several options. Each one has its pros and cons. Consider them.

  • Ledger is a market leader. It supports Lumen’s currency (but also Bitcoin, Ether, and Ripple) and it’s very safe to use. It’s un-hackable, and it will make your life so much easier.
  • Stellar Desktop Client. That’s an option as well. It sends, receives or trades the lumen currency. The software can never be as safe as a hardware wallet is, but this comes pretty close. It gives you access to the Stellar network so you can do what you need or want.
  •  Lobstr. It’s a mobile wallet, and it does a good job. You can get it on Android and IOS. It’s user-friendly and functional, but if you go for this mobile wallet (or any other mobile wallet), you need to keep in mind that security is not the best. It’s the price you pay for convenience.

Get some Stellar Lumens

This was the whole point, right? Just be careful. Stellar’s coin is currently trading under XLM, but it used to be STR, so you need to pay attention because not all exchanges have fixed that situation.

The easiest trade you will find is eToro’s Stellar Trading platform. It’s easy and convenient for sure, but you need to keep in mind that this platform will allow you to speculate on Lumen but not to withdraw your coins. Just be aware and choose right.

You also should always know that cryptocurrencies are a risk, not a guarantee.

Use your fiat currency to buy Stellar

The best way to do this, as far as my personal experience is concerned, is CEX, which has been around since 2013 and is a trusted exchange. It’s based in London and is absolutely reliable.

Buy XLM (Stellar) with Bitcoin or Ethereum

You can also buy Stellar’s XLM coin using other digital coins, and you have several options. You can use Binance, Bittrex, Poloniex or Kraken among many other exchanges. They all allow for exchange among Stellar and other currencies. They are efficient and cheap.

You can’t buy Stellar easily with your credit or debit card right now. You have to go through the exchanges. That could be different soon, but for now, it is just like that.

Withdraw your Lumens

This was the whole point. Make sure once you invest your hard earned money on lumens you withdraw them to your very own wallet from the exchange.

Keep in mind that as long as your coins are in exchange, you remain vulnerable. You could be hacked, or you could be theft victim. So plan correctly in a way in which your Lumens are always available to you in your digital wallet.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Top 3 Crypto Trends That Might Go Big in Q2 2019

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crypto trends
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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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Ripple
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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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