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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.

Image courtesy of Theguruseye via Flickr

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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