We have come up with this easy guide to demonstrate how you can use our Stellar Lumens exchange platform. ChangeNOW offers the best exchange rates for more than 170 coins. Account setup is not needed!
How to exchange XLM to Bitcoin in 4 easy steps:
- Choose your cryptocurrencies
- Enter the recipient address
- Confirm your transaction
- Make a deposit
Step 1. Choose your cryptocurrencies
First things first, go to the main page of ChangeNOW’s website and find there a list of supported currencies. Please to a pair of currencies that you would like to exchange. In our example let’s choose Bitcoin as the currency to buy XLM with. Now enter the number of coins that you want to exchange. Check in with our special calculator as it will show you an estimated amount of XLM that you are going to get. Press Enter.
Step 2. Enter the recipient address
To complete this step please enter the recipient address, i.d. the address of the wallet that will receive the exchanged XLM. If you do not yet have a Stellar Lumens wallet press “Don’t have a crypto wallet yet?”. After the redirection, you will be able to choose one of the trusted services to create a wallet. Press Next to proceed.
Step 3. Confirm your transaction
Step 4. Make a deposit
Make your deposit by sending the BTS coins to the generated wallet address. As always, you may send it manually or using a QR code.
Step 5. Get NOW tokens!
To reward our customers for using ChangeNOW we grant them with NOW tokens. You earn them by running exchanges and spend to purchase special features of our platform. Those features include accelerated support, special exchange rates, and more! Your NOW tokens will be sent to the ERC-20 ETH wallet address that you should enter on this step.
Thank you for checking out this guide from ChangeNOW, the best instant cryptocurrency exchange and Stellar Lumens exchange platform! Stay tuned for more guides, price predictions, and other cool stuff on ChangeNOW’s blog!
Best Stellar trading platforms
The CoinEgg cryptocurrency exchange appeared in 2013 and is registered in the UK. Its creator is Peter Chan – the figure who is engaged in artificial intelligence development. CoinEgg is a relatively little-known trading platform, but it also has certain advantages. This platform can be a good solution for buying Stellar.
The first important advantage of CoinEgg is low fees. It is below the market average. A good service protection is also worth noting. In particular, they use a special protection against cyber attacks. So far, there has not been a single case of its hacking and theft of cryptocurrencies. Liquidity of the service is not bad. Despite the small audience, the trading is quite active. In addition, there is an interesting affiliate program that allows to make extra money on attracted users.
The main disadvantage of the service is the lack of support for fiat currencies. There is no possibility to deposit and withdraw money directly. Another nuance is the weak work of technical support. In addition, CoinEgg supports only English.
Coinbase has been working for the benefit of users since 2012. Initially, the service was registered under the name GDAX, but in 2018, the crypto-exchange was rebranded. The company is based in San Francisco, and managed to pass all the necessary registration procedures in the Securities and Exchange Commission of the United States (SEC), so the work of the service is completely legal.
Working with Coinbase is very convenient, primarily because of the advanced API. The number of trading pairs is not so great, but absolutely all the most popular cryptocurrencies are presented. Therefore, Coinbase will be a good option for beginners. Protection is provided by cold storage of cryptocurrencies on users’ devices. The platform has its own wallet. All money is covered by Coinbase insurance. Another major advantage is low fees, as well as their complete absence for makers. It is worth noting the referral program, which may be of interest to users.
The real drawback of Coinbase is only one. There are not enough ways to deposit and withdraw funds. The platform does not work with the world’s leading payment systems such as Visa and Mastercard. Cooperation is established only with American services. Also, users need to undergo mandatory verification, otherwise they will not be able to trade.
OKEx entered the global cryptocurrency market on June 15, 2015. Initially, the service worked in Hong Kong, but later the team decided to move to Malta, which is more attractive in terms of taxation. The crypto-exchange offers users trading without any restrictions (the only limit for unverified users is 1000 BTC per day). The platform is suitable for both beginners and professionals.
The service has a convenient, intuitive interface, which even a novice user will understand. OKEx supports a large number of languages, and the quality of translation is at a good level. The exchange shows good liquidity, there is a large number of users, and trading operations are conducted constantly. Trading with leverage is supported. There is an additional opportunity to reduce the already quite competitive commissions. OKEx token holders receive an additional discount.
Unfortunately, there are certain problems with the security of the service. The number of tools to protect users is insufficient, alas. Because of this, in 2017, there was a hacking of the trading platform. Experts who analyzed the incident noted that the main reason was the lack of two-factor authentication. Unfortunately, this problem has not yet been eliminated.
Poloniex is a fairly old cryptocurrency exchange, which was founded in 2014 in the United States. The popularity of the service came quickly enough. Due to the Poloniex wide popularity and high positions in various ratings, other third-party platforms are willing to cooperate with it. For example, there is a possibility to work with GunBot on the site. Also, the crypto-exchange has established cooperation with the MetaTrader trading service.
The list of cryptocurrencies supported by Poloniex is quite large. There are more than 100 trading pairs, including Stellar. There is a possibility of margin trading using leverage. It is worth noting good security at Poloniex. There is a large number of tools to protect accounts. No serious incidents involving Poloniex have ever occurred. Verification of users is optional in the system. You can work without it, but for users who haven’t confirmed their identity, a limit on withdrawal is set – no more than $ 2,000 per day. Another feature is the support of forks. For example, after Bitcoin Cash appearance, all BTC holders on Poloniex received their BCH coins.
As for the shortcomings of the service, it is only one. Poloniex does not support Fiat money. There is no possibility of direct deposit and withdrawal of fiat funds. The only option that users can consider is replenishment through a cryptocurrency wallet. Also, there is a lack of localization into several languages. The interface is available only in English, so representatives of other countries may feel uncomfortable to work with the platform.