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XLM/ZAR - Stellar South African Rand

Currency in
Real-time Data
Day's Range
52 wk Range
1.8583 / 1.8602
Vol (24H)
Market Cap
Day's Range
52 wk Range
Max Supply
Circulating Supply
Strong Sell
Strong Buy
Strong Sell
Second:South African Rand
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What is Stellar Lumens?

Stellar Lumens is a decentralized protocol that aims to address the bottlenecks surrounding cross-border transactions. Founded by Jed McCaleb, one of the brains behind Ripple Labs, Stellar Lumens seeks to enable the seamless transfer of digital currencies to fiat money domestically and across regions in a low-cost and energy-efficient manner.

How to buy Stellar Lumens

The best means to buy Stellar Lumens (XLM) is through a crypto exchange or broker. Popular exchanges like Binance, Coinbase, Huobi Global, and Kucoin offer XLM trading and investing. Popular crypto brokers like eToro also support buying and selling of Stellar Lumens.

How to mine Stellar

Stellar uses a different consensus protocol called Stellar Consensus Protocol (SCP), which radically differs from the PoW algorithm known with cryptocurrencies like Bitcoin or Ethereum. It is also impossible to mine Stellar Lumens as all the tokens have been pre-mined during launch. The only way to get free XLM is through airdrops or crypto faucets.

What is Stellar Lumens (XLM) used for?

Stellar Lumens is primarily used to transfer digital currencies to fiat money locally and enable cross-border transactions. The asset allows users to transfer any form of accepted currency quickly across borders without paying any significant amount in transaction fees.

Where to store Stellar Lumens

Stellar Lumens are stored on digital wallets like all other cryptocurrencies. Wallets that support Stellar Lumens include hardware wallets such as Ledger Nano S and Trezor. Software wallets for Stellar Lumens include Keybase, Solar Wallet, Lobstr, Stellar X, Tangem, and BitGo. Web wallets like Coinbase, Blockchain.com, Litemint, Stellarport, and others can also store Stellar digital assets.
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Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
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