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, and these lumens are used to pay transaction fees on the network. This 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 the UAE?
One option is the Crypto.com App. Here is the buying flow:
- 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?
In the UAE you can deposit funds by bank transfer in AED, SWIFT transfer in USD, debit or credit card (Visa or Mastercard), Apple Pay, Google Pay or crypto transfer. You can hold your balance in either AED or USD.
Bank transfers in AED and SWIFT transfers in USD are free on Crypto.com, while crypto deposits may incur other charges. Other transaction fees and spread may apply when buying Stellar.
Can you buy a fraction of Stellar?
Yes. You don't need to buy a whole coin. Cryptocurrencies are highly divisible, so in the UAE you can buy fractional amounts of Stellar for as little as 10 AED.
