Buy Stellar – How To Buy Stellar In The UK In Under 5 Minutes!
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Stellar (XLM) is a popular blockchain and cryptocurrency that facilitates fast, cheap, and highly secure transactions.
Launched in 2014, the project has since become a digital asset with a multi-billion pound market capitalization.
If you’re interested in buying XLM tokens today – this guide is you for.
Within it, we show you how to buy Stellar in the UK with a low-cost FCA-regulated broker that accepts debit/credit cards, PayPal, and bank account payments.
Table of Contents
#1 Broker to Buy Stellar – eToro
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How To Buy Stellar UK – Choose a Broker
The best five brokers that allow you to buy Stellar in the UK can be found below.
- eToro – Overall Best Broker to Buy Stellar UK
- Alvexo – Invest in XLM CFDs with a Regulated Broker
- Coinbase – Best Broker to Buy Stellar for Beginners
- OKEx – Best Low-Cost Broker to Buy Stellar UK via a Crypto Deposit
- Binance – Best Broker to Buy Stellar for Asset Diversity
- CoinJar – Best Broker to Buy Stellar UK for Those on a Budget
We review the above brokers in full detail further down in this guide.
How to Buy Stellar in the UK – A Quick Guide For 2022
Below you will find a quickfire guide on how to buy Stellar in the UK in less than five minutes.
If you need a more comprehensive walkthrough, you will find this further down in this guide.
- Step 1: Open an Account with eToro – The best broker to buy Stellar in the UK is eToro. Not only is the platform regulated by the FCA, but you can invest in Stellar on a spread-only basis. To get the process started, visit the eToro website and open an account.
- Step 2: Upload Your ID – If you are looking to buy more than $2,250 (about £1,600) worth of Stellar – you will need to upload some ID. If not, you can complete this step at a later date.
- Step 3: Deposit Funds – You can deposit funds into your eToro account with a debit/credit card or e-wallet. Bank transfers are also supported but may take a couple of days to process.
- Step 4: Buy Stellar – Finally, you can now proceed to buy Stellar. Simply enter ‘Stellar’ into the search box, click ‘Trade’, and enter your stake in the ‘Amount’ box (in USD). Once you click ‘Open Trade’ – your Stellar purchase will be executed instantly!
As eToro is heavily regulated, you can now leave your newly purchased Stellar tokens on the platform. In fact, you can keep them there until you decide to cash out.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
Where to Buy Stellar in the UK
Stellar has been a top-rated cryptocurrency since its launch in 2014.
As such, there are plenty of brokers that allow you to buy Stellar in the UK. Not all cryptocurrency brokers operate legitimately though, so you need to pick carefully.
To ensure you are able to buy Stellar in the UK safely and in a low-cost manner – below you will find a selection of the best brokers that list XLM tokens.
1. eToro – Overall Best Broker to Buy Stellar UK
After all, eToro is one of the most popular brokers globally with more than 20 million users.
Even more importantly, eToro is authorized and regulated by the FCA – as well as ASIC and CySEC.
The broker is often the go-to platform for newbies in particular, as eToro was designed with beginners in mind.
Once you have opened an account – which should take you no more than 5 minutes, you can then fund your account with a debit or credit card.
UK bank transfers and e-wallets like PayPal and Skrill are also supported.
Then, it’s just a case of searching for Stellar and completing your purchase.
The minimum stake per XLM token investment is just $25 – which is great for those on a budget.
Best of all, rather than charging a commission like other crypto brokers, you will only need to pay the spread at eToro. This is the difference between the buy and sell price of Stellar.
Once your purchase of Stellar is complete, the tokens will instantly appear in your eToro portfolio.
There, you can keep tabs on how your investment is doing, and when the time comes – cash out at the click of the button.
In terms of supported markets, it isn’t just Stellar that you can buy at eToro.
On the contrary, the broker offers lots of other digital assets.
This includes popular cryptocurrencies like Bitcoin and Ripple and even Defi coins such as Uniswap and AAVE.
You can even invest in a professionally managed digital currency portfolio at eToro. Known as a ‘CryptoPortfolio’, this will see you invest in multiple digital assets at various weights – all through a single trade.
You can also copy other cryptocurrency investors like-for-like through the eToro Copy Trading feature.
Outside of the cryptocurrency department, eToro also offers thousands of UK and international stocks.
These, as well as ETFs, can be purchased on a 0% commission basis and stamp duty is waivered too.
Other markets at eToro include forex, commodities, and indices.
Once you are all set up at eToro, you might also consider downloading the broker’s mobile app.
Available on both Android and iOS, this gives you unfettered access to your brokerage account.
As such, you can buy and sell cryptocurrencies and other assets, check the value of your open positions, and even deposit and withdraw funds.
Finally, eToro also offers a native cryptocurrency wallet app – should you wish to withdraw your Stellar tokens out of the platform.
Pros
- Invest in cryptocurrencies on a spread-only basis
- Buy thousands of UK and international stocks at 0% commission
- Minimum investment per trade from just $25
- Supports debit/credit cards, e-wallets, and local bank transfers
- Regulated by the FCA, CySEC, and ASIC
- Used by over 20 million people
- Perfect for beginners
- Social and copy trading tools
Cons
- Perhaps too basic for technical traders
- No support for MT4 or MT5
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
2. Alvexo – Invest in XLM CFDs with a Regulated Broker
If you’re looking for a reliable online trading broker that offers various asset classes, Alvexo is an excellent choice.
With various instruments available to trade through CFDs, Alvexo provides users with the ability to take advantage of market opportunities as they arise.
With Alvexo, you can trade cryptocurrencies, stocks, indices, commodities, and currencies. This gives you a wide range of options when it comes to choosing what to trade.
Alvexo provides a powerful and user-friendly web-based trading platform that is perfect for both novice and experienced investors alike.
You can also access extensive market analysis and research so that you can make informed decisions about your trades.
In addition to its web-based platform, Alvexo also offers a mobile app that is perfect for on-the-go trading.
Alvexo offers some of the best spreads in the business, starting at just 2.9 pips on their Classic accounts.
If you’re searching for a more sophisticated account with even lower spreads, Alvexo has you covered with spreads as low as 2.2 and 0.1 pips on their Gold and Elite accounts, respectively!
Alvexo is committed to making your trading experience as seamless and affordable as possible.
That’s why Alvexo offers no deposit fees or withdrawal fees and only charges a low fee of just $10 per month for inactive accounts that haven’t traded for three months.
So you can focus on making the profits you deserve! Start using Alvexo today!
Pros
- Heavily regulated by CySEC
- 0% commissions* when placing trades
- Offers five different asset classes to trade
- Full MT4 support
- Various account types to choose from
- Accepts PayPal
- Over 1.1m registered users
Cons
- Small inactivity fee applies
- The minimum deposit amount could be lower
70.81% of retail investor accounts lose money when trading CFDs with this provider.
3. Coinbase – Best Broker to Buy Stellar for Beginners
Launched way back in 2012, Coinbase is not only behind 35 million active user accounts but is now listed on the NASDAQ stock exchange.
As such, you can be sure that you are using a trusted and credible cryptocurrency broker.
The platform does, of course, allow you to buy Stellar in the UK. The XLM investment process at Coinbase is actually very straightforward – even if you have never purchased digital assets before.
First, you will need to open an account and upload a couple of ID documents (passport/driver’s license and proof of address).
Once you’ve got the setup process out of the way, you can then buy Stellar in the UK instantly via a direct debit card purchase.
All you need to do is enter your investment amount alongside your debit card details – and the XLM purchase is executed instantly.
Although super-convenient, the main drawback with the Coinbase Instant Buy feature is that you will need to pay a whopping 3.99% commission.
As such, this works out at £19.95 for every £500 you invest. If you want to reduce your costs, then you might consider transferring funds from your UK bank account.
This can be done on a fee-free basis, but you will need to wait 2-3 days for the funds to arrive.
Plus, you will then need to manually buy Stellar from the Coinbase website – which will cost you 1.49% in commission.
Compared to the spread-only pricing model offered by eToro, this is still expensive.
Nevertheless, if your main priority is security and user-friendliness, Coinbase is well considering. After all, this broker offers institutional-grade safety protocols.
This includes keeping 98% of client digital assets in cold storage and mandatory two-factor authentication.
The latter means that you need to enter a unique code that is sent to your mobile phone every time you log in to your account.
Pros
- One of the most popular cryptocurrency exchanges
- More than 35 million users
- Supports instant debit card purchases
- Dozens of digital currencies to choose from
- Institutional-grade security practices
Cons
- Debit card deposits are expensive at 3.99%
- You will pay a standard trading commission of 1.49%
at eToro, UK’s #1 Broker
Cryptoassets are highly volatile unregulated investment products. No EU investor protection
4. OKEx – Best Low-Cost Broker to Buy Stellar UK via a Crypto Deposit
This is because the platform allows you to obtain this digital token without needing to provide any personal information or ID.
This is, however, on the proviso that you deposit funds with a cryptocurrency as opposed to ‘real’ pounds and pence.
If this is an option for you, then all you need to do is transfer your digital tokens into OKEx and then swap them into Stellar.
Once the tokens arrive, which should take no more than 10-20 minutes, this process will cost you just 0.10% in fees.
As such, if you were to exchange £1,000 worth of crypto in XLM tokens, OKEx would charge you just £1. Once the purchase is complete, you should consider withdrawing the XLM tokens to a private wallet.
This will ensure that your funds are kept safe at all times.
Then, when you get around to cashing your Stellar investment out, you can just transfer the tokens back into OKEx to complete the sale.
Although OKEx is best suited for crypto-asset deposits and withdrawals, it is also possible to fund your account with a debit or credit card.
You can’t buy Stellar directly, however. Instead, you’ll have access to a small number of large-cap cryptocurrencies like Bitcoin, Ethereum, Ripple, and Tether.
The fees charged on debit/credit card purchases can be costly, which is why it’s best to stick with crypto-only deposits.
Nevertheless, OKEx, offers several other features – such as a comprehensive educational suite, crypto loans, and the ability to earn interest on idle tokens.
Pros
- Trusted crypto exchange with over 20 million users
- More than 400+ digital currency pairs
- Buy and sell cryptocurrencies with a debit/credit card or bank transfer
- Low commissions that start from 0.1%
- Fully-fledged mobile app on Android and iOS
- Great reputation and highly secure
Cons
- Debit/credit card fees could be more competitive
- Derivative products are too complex for beginners
at eToro, UK’s #1 Broker
Cryptoassets are highly volatile unregulated investment products. No EU investor protection
5. Binance – Best Broker to Buy Stellar for Asset Diversity
Binance needs no introduction in the cryptocurrency arena – with the online exchange home to over 100 million users.
The platform facilitates a significant amount of trading volume – with billions of pounds worth of crypto assets changing hands each and every day.
When using Binance to buy Stellar in the UK, you can pay for your purchase in several different ways.
The easiest option is to use your Visa or MasterCard – which allows you to invest in Stellar instantly. You will, however, first need to complete a KYC process – which requires a copy of your passport or driver’s license.
Binance will also need to take a photo of you in real-time via your webcam or mobile phone. This ensures that your identity is verified in less than 2 minutes.
Then, you can proceed to buy Stellar in the UK with your debit/credit card. Binance will charge you 1.8% – which is much lower than the industry average. It is, however, much more than 0.5% charged by eToro.
Nevertheless, the other option is to deposit funds with an alternative cryptocurrency – such as Bitcoin or Ethereum. You can then swap the respective digital token into Stellar.
This will save you lots in fees – as Binance charges a standard trading commission of just 0.10%.
In terms of storage, Binance offers several options.
You can either keep your XLM tokens on the platform itself or download the provider’s very own Trust Wallet. The latter is available from the Google Play or App Stores and is free to download.
Pros
- Facilitates billions of pounds in daily trading volume
- Supports hundreds of digital asset pairs
- Near-instant deposits via debit/credit cards and local bank transfers
- Trading commission starts at just 0.1% per slide
- Offers crypto savings accounts
- Ideal for both beginners and experienced traders alike
Cons
- Not all supported cryptocurrencies can be purchased with a debit/credit card
- No e-wallet deposits or withdrawals
at eToro, UK’s #1 Broker
Cryptoassets are highly volatile unregulated investment products. No EU investor protection
6. CoinJar – Best Broker to Buy Stellar UK for Those on a Budget
This is because CoinJar allows UK residents to ‘dabble’ in cryptocurrencies with really small investments.
For example, you only need to meet a minimum deposit of £5 – which you can then use to buy Stellar.
This is great for those that do not want to risk too much money. After all, Stellar – like all digital tokens, is super volatile and unpredictable.
In addition to Stellar, CoinJar lists a good selection of alternative cryptocurrencies. Large-cap tokens include Bitcoin, Ripple, and Ethereum.
You then have DeFi coins like UNiswap, Yearn.finance, and Chainlink. If you’re also interested in stablecoins – CoinJar offers the likes of Tether and USD Coin.
When it comes to fees, this will depend on your chosen payment method. For example, if you deposit funds via a UK bank transfer, this is free.
You will, however, need to pay a 1% commission when you process your Stellar process.
Alternatively, you can also buy Stellar in the UK via CoinJar by using your debit or credit card. This comes with an all-in purchase fee of 2%.
You can complete your crypto investments via the CoinJar website or by downloading the broker’s iOS/Android app.
Pros
- Has been active in the crypto brokerage arena since 2013
- Very user-friendly platform – so perfect for beginners
- Mininmum deposit of just £5
- No fees to deposit funds via Faster Payments
- Debit/credit cards also supported
- Top-rated mobile app
Cons
- Too basic for experienced cryptocurrency traders
at eToro, UK’s #1 Broker
Cryptoassets are highly volatile unregulated investment products. No EU investor protection
How to Buy Stellar in the UK – Detailed & Explained in Full
In this section of our guide – we are going to show you how to buy Stellar in the UK step-by-step. This will ensure that you complete your investment in a safe and secure way – as the steps below walk you through the process with eToro – which is regulated by the UK’s FCA. Simply follow the tutorial to buy Stellar in the UK in less than 5 minutes!
Step 1: Open a Crypto Broker Account
You will first need to open an account with eToro – which can be completed in a few simple steps. On the provider’s homepage, click on the ‘Join Now’ button and proceed to enter your personal information. You’ll also need to choose a username and a strong password. These credentials will be used when you log in to your eToro account.
You also need to provide your email address and mobile telephone number – both of which need to be confirmed. You can do this by clicking on the link emailed to you and entering the code that eToro sends to you via SMS.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
Step 2: Verify Your Identity
You will now be asked to go through a quick identity verification process. This is so that eToro complies with KYC and anti-money laundering laws. Simply upload a copy of your passport/driver’s license and a proof of address. The latter can be a recently issued bank account statement or utility bill. The eToro system will then check your documents and in most cases – verify your account in less than a minute.
Note: As a UK resident, you can upload your documents later as long as you do not deposit more than $2,250 approx (£1,650). You will need to do this before you can withdraw funds out of eToro, however.
Step 3: Add Funds to Your Account
In order to invest in Stellar at eToro you will first need to make a deposit. To benefit from an instant deposit, choose from a debit/credit card or e-wallet. The latter includes PayPal, Skrill, and Neteller. If you want to do a UK bank transfer, this is also an option. However, the payment might take 1-2 days to show in your eToro account – which will delay the Stellar investment process.
Step 4: Search for Stellar
Assuming that you now have money in your eToro brokerage account, you can buy Stellar. To go to the relevant page, you can enter ‘Stellar’ into the search bar at the top of the page and click on the result that loads.
Then, click on the ‘Trade’ button.
Step 5: Buy Stellar UK
You will now see an order box – like the image below. Here, you will need to enter the amount of money that you wish to invest in Stellar. Everything on eToro is denominated in US dollars – so in the ‘Amount’ box, enter your stake in USD.
The minimum is just $25 – and you don’t need to buy full XLM tokens. Instead, you can invest any amount of your choosing as long as you meet the minimum. To complete your Stellar purchase, simply click on the ‘Open Trade’ button.
At this stage, your XLM tokens are now being safely stored by eToro. You can view how your investment is doing by heading over to your portfolio. If at any time you want to sell your Stellar tokens back to cash – just hit the ‘Sell’ button.
Buy Stellar Lumens – Best Place to Buy Stellar in the UK
When thinking about how to buy Stellar in the UK – you need to consider the best place to complete your investment. By this, we mean choosing a suitable cryptocurrency broker or exchange. Below we explain the best options on the table for UK residents.
Online Cryptocurrency Broker
The best place to buy Stellar in the UK is through an online broker that is regulated by the Financial Conduct Authority. This means that you will be investing your capital with a trusted broker that is required to comply with a vast range of regulatory requirements. This includes investor protections surrounding client fund separation and risk awareness.
In choosing an FCA-regulated broker like eToro – you will also be able to buy Stellar in the UK with your chosen payment method. This includes debit/credit cards, a bank transfer, and even e-wallets like PayPal. Online brokers like eToro also give you the option of storing your XLM tokens on the platform itself – meaning that you don’t need to understand how cryptocurrency wallets work.
In this respect, buying Stellar at eToro is not to dissimilar to investing in traditional shares. This is because once the XLM purchase is made, you don’t need to do anything else until you decide to sell. This part of the process can be completed 24/7 by simply hitting the ‘Sell’ button from within your eToro account.
Cryptocurrency Exchange
In addition to brokers, you can also buy Stellar in the UK from a cryptocurrency exchange. In fact, there are dozens of exchanges listing XLM tokens – so your options are plentiful. However, you do need to be careful when using a cryptocurrency exchange, not least because most operate without an FCA license. These platforms are able to operate in an unregulated manner because usually – they have no relationship with fiat money.
In simple terms, this means that such platforms cannot process deposits in the form of debit/credit card or bank account transfers. Instead, you’ll need to deposit funds with crypto. If you don’t have any crypto to hand, then you’re out of luck. Plus, you need to think about the safety of your funds when using an unregulated exchange to buy Stellar in the UK – as you have no investor protections to fall back on.
Ways to Buy Stellar UK
If you have a particular payment method in mind – you need to check whether or not your chosen broker accepts it before signing up. Nevertheless, below we discuss the best ways to buy Stellar in the UK.
Buy Stellar With Debit Card
To easiest way to buy Stellar in the UK is to use your everyday debit card.
- Most regulated crypto brokers support Visa and MasterCard – so it’s just a case of going through the account opening process and uploading a copy of your ID.
- Then, you can enter your debit card details and choose how many XLM tokens you wish to buy.
- Once you confirm the order, your Stellar investment will be processed instantly.
Just be wary of the fees when buying Stellar in the UK with a debit card – as some brokers charge more than 5% for the pleasure.
Buy Stellar with 0% Commission Now >
Buy Stellar With Credit Card
You might also have the option of buying Stellar with a credit card. There are, however, a couple of things to consider. First, not all UK-based credit card companies permit cryptocurrency investments.
Secondly, if you are going direct with a specialist cryptocurrency broker like Binance or Coinbase – your credit card issuer might charge you a cash advance fee (averages 3-5%). You might be able to get around this by using a traditional brokerage firm like eToro – but you should check this first with your credit card provider.
Buy Stellar With PayPal
Wondering how to buy Stellar with PayPal? If so, you can do this with FCA-regulated broker eToro. The process is no different from using a debit/credit card, insofar that you will need to first deposit funds into your account. Then, you can proceed to buy Stellar. Just make sure you already have a PayPal account with a linked payment method so that you can process the payment instantly.
Buy Stellar With Bitcoin
You can also buy Stellar in the UK by using cryptocurrency as your means of payment. Popular exchanges like Binance and OKEx offer several pairs that contain XLM – meaning that you can buy Stellar with the likes of Bitcoin, Ethereum, and Tether.
You won’t need to provide any ID or personal information if you take this route. You can also benefit from super-low fees – with the two aforementioned exchanges charging a commission of just 0.10%.
Buy Stellar with 0% Commission Now >
Why Buy Stellar UK?
If you are looking to buy Stellar in the UK on a speculative basis – you might want to temporarily take a step back. This is because Stellar is a super-volatile asset and thus – you stand the risk of seeing the value of your investment go down very quickly. To counter these potential risks, you should do some research on Stellar to ascertain whether the digital token is a worthy addition to your investment portfolio.
The main points to consider when thinking about reasons to buy Stellar in the UK are listed in the sections below.
Banking the Unbanked
First and foremost, let’s look at the project itself. In a nutshell, Stellar and its underlying blockchain were designed to facilitate domestic and cross-border transactions. Unlike its industry counterpart Ripple, Stellar isn’t looking to focus on transactions made by banks or financial institutions. On the contrary, Stellar serves individuals that are ‘unbanked’.
In other words, Stellar allows people from all over the world to send and receive funds without needing a third-party intermediary. The unbanked market alone is believed to consist of over 2 billion people globally.
Innovative Technology
Leading on from the section above, the Stellar blockchain is able to generate fast, cheap, and secure transactions. In fact, transactions typically take less than a second to process – irrespective of where the sender and receiver are located. Transactions are virtually fee too – costing just a tiny fraction of 1p.
IBM Partnership
Stellar has managed to secure some highly notable partnerships since it was launched in 2014. Perhaps the most prominent is that of the global powerhouse IBM. The two firms have been working together for some time now – with Stellar providing the technology that enables IBM to transfer funds between its international subsidiaries. This partnership with IBM in itself gives the Stellar project huge credibility.
Huge Gains Since Launch
In terms of financial gain, Stellar has performed extremely well since its launch in 2014. Back then, XLM tokens were trading at just $0.002. This means that an initial investment of $100 would have got you 50,000 Stellar. Moving forward to May 2021 – Stellar hit 52-week highs of $0.76. As such, this represents 7–year gains of over almost 38,000%.
Enter the Market While Crypto is on a Short-Term Slump
Make no mistake about it – the crypto markets have enjoyed an incredible 2021 – with many coins seeing gains in excess of over 1,000% this year alone. However, the markets peaked in May – meaning that most coins have since lost value. Stellar is not immune to this market slump – with XLM tokens trading at just $0.21 as of late July 2021.
This means that in comparison to its May 2021 high of $0.76 – Stellar is now trading at a 72% discount. Sure, those that bought the token when it was approaching the $0.76 level are now looking at huge losses. But, if you are yet to enter the market and are able to purchase Stellar at sub-$0.30 – you are arguably getting a good deal.
This is, of course, on the proviso that Stellar eventually recovers its prior 52-week high of $0.76. If it does, this would require an upside of over 260%.
The Cost of Buying Stellar
Irrespective of the cryptocurrency you are looking to purchase – a number of fees will apply. After all, online brokers and exchanges are in the business of making money – so they need to charge an assortment of fees to remain profitable.
Below we discuss the main costs of buying Stellar in the UK.
Deposit Fees
Most cryptocurrency brokers charge deposit fees – especially if you are using a debit/credit card.
- As noted earlier, this averages 5% of the transaction amount in the crypto arena.
- Fortunately, you then have platforms like Binance that charge a more reasonable 1.8%.
- eToro is even more competitive – with the FCA-regulated broker charging just 0.5%.
You can normally get a better deal if you decide to deposit via a UK bank transfer – as this costs the respective broker or exchange less to process the transactions. But, you will likely need to wait at least 1-2 working days for the funds to arrive.
Trading Commissions
When you buy Stellar from a broker or exchange – you will need to pay a commission. This is no different from paying a share dealing fee at a UK stock broker. The commission will vary depending on your choice of platform – with the likes of Coinbase and Gemini charging 1.49%.
Well-known exchange Coinmama charges even more at 3.9%. At the other end of the scale, you have brokers like eToro – which only charges the spread. This is the difference between the buy and sell price of Stellar – as dictated by market conditions.
Risks of Buying Stellar in the UK
There are several risks you need to consider before you buy Stellar in the UK. In doing so, you will ensure that you enter the XLM marketplace with your eyes wide open.
Below we discuss what these risks are.
Platform Risk
The first risk you need to think about is that of the respective broker or exchange you decide to buy Stellar from. This is because over the past decade – many cryptocurrency exchanges have been hacked – resulting in the loss of client funds. In more extreme cases, a number of exchanges have turned out to be a scam – with those behind the platform shutting down their servers and running away with client assets.
Taking this into account, it’s absolutely crucial that you only buy Stellar from a reputable and fully licensed broker. Once again, this is why most UK investors will turn to eToro – as the cryptocurrency broker is regulated by the FCA.
Storage Risk
Some investors in the UK prefer to keep their digital tokens in a private cryptocurrency wallet – as opposed to storing them at an exchange. This does, however, come with added risks if you do not know how to safely secure your wallet.
After all, there is every chance that somebody hacks your wallet externally – which will result in you losing your Stellar tokens. As such, it’s best to keep your XLM tokens at a regulated broker that is licensed by the FCA.
Financial Risk
It goes without saying that – like all financial investments, you stand the risk of losing money when you buy Stellar. This will happen if the value of XLM goes down and you decide to sell. This is why you should consider keeping your stakes modest when investing in Stellar – as the asset has a history of enhanced volatility.
Selling Stellar: A Quick Overview
Wondering how to sell Stellar in the UK? If so, the process depends on how you made the purchase and where the tokens are being stored.
- If you bought Stellar from eToro – the tokens will remain in your account until you decide to cash out. Whether that’s in days or years – you simply need to hit the ‘Sell’ button. eToro will then convert your Stellar tokens into cash – which you can instantly withdraw to your bank account or debit/credit card.
- If you bought Stellar from an exchange and withdrew the tokens out, there is an extra step to take. This is because you first need to transfer the tokens back to the exchange and then you can proceed to sell.
Once again, this highlights why buying Stellar from a regulated broker like eToro is the easiest option on the table for UK residents.
How to Buy Stellar UK – Conclusion
In conclusion, the process of how to buy Stellar in the UK doesn’t have to be complex or cumbersome.
On the contrary – when you use a trusted FCA-regulated broker like eToro – you can invest in XLM in a matter of minutes. It’s just a case of registering an account and making a deposit with your debit/credit card or bank account.
Then, you can buy Stellar at a minimum stake of $25 on a spread-only basis – meaning that you can invest without paying the extortionate fees typically charged by other brokers in this industry.
eToro – Best FCA Broker to Buy Stellar UK
FAQs
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