What are Stellar and XLM?
Stellar is a public blockchain built for payments. It was designed to support digital representations of different currencies, and its native token is the lumen (XLM).
Stellar accounts must hold a small number of lumens, which are used to pay transaction fees on the network. That gives XLM a specific role: it helps denominate network requirements and can act as a medium of exchange between otherwise illiquid assets.
How can you buy Stellar in Australia?
One option is the Crypto.com App. Here's how to buy:
- Create your account and confirm your email.
- Complete identity verification.
- Add funds to your account.
- Tap 'Buy', search for Stellar and enter the amount you want to spend.
- Confirm your purchase.
Trading is subject to account verification and eligibility.
What payment methods can you use to buy Stellar?
Australian users can deposit funds by PayID, debit or credit card (Visa or Mastercard), Apple Pay, Google Pay or crypto transfer. The Australian dollar (AUD) is the primary fiat currency accepted.
PayID deposits are free on Crypto.com, making it a handy way to fund your account before buying Stellar. Other transaction fees and spread may apply.
Can you buy a fraction of Stellar?
Yes. You don't need to buy a whole coin. Cryptocurrencies are highly divisible, so Australian users can buy fractional amounts of Stellar for as little as AUD 20.
