Stellar
About Stellar
Stellar is a decentralized and peer-to-peer network that aims to make financial services accessible to all income levels. The Stellar Development Foundation launched the platform, aiming to facilitate seamless and cost-effective cross-border transactions. It uses its native digital currency, Lumens (XLM), to act as an intermediary in transactions, reducing transaction fees and offering protection from flood attacks. Providing access to global economies through fast and simple transactions, Stellar targets residents of developing countries and ordinary users.
In the last hour, Stellar's price has seen a change of -0.18%, and over the past 24 hours, its price has moved by -1.54%. Over the previous week, Stellar's price has moved by +10.20%. The current price of Stellar is $0.2167, accompanied by a trading volume of 184.3M in the last day. Stellar's price is currently 76.90% below its all-time high of $0.9381, which remains the highest price Stellar has achieved since its launch. The circulating supply of Stellar stands at 34.97B, translating to a total market capitalization of 7.579B.
Market stats
Frequently asked questions
What is Stellar's consensus mechanism?
Stellar operates on a federated Byzantine agreement algorithm, which allows for faster transaction finality as consensus is reached more quickly. This mechanism ensures the security and integrity of the network without the need for mining.
How does Stellar facilitate cross-border payments?
Stellar's platform connects banks, payment systems, and individuals in a decentralized network, enabling low-cost and near-instant cross-border transactions. By using the XLM cryptocurrency as a bridge asset, Stellar makes it easy to convert and transfer value across different currencies.
What sets Stellar apart from other cryptocurrencies?
Stellar focuses on financial inclusion and aims to provide affordable financial services to the unbanked population worldwide. Its low transaction fees, fast settlement times, and scalability make it a preferred choice for cross-border payments and microtransactions.
How to invest in Stellar?
Rain offers you a number of ways to start investing in Stellar, including buying Stellar through bank transfers or by using your bank card. To purchase Stellar on Rain, you can select Stellar in your Rain account, then click Trade and select Buy. Enter the amount you wish to buy and click Next to review and confirm your purchase.
How to buy Stellar with card?
Once you add your bank card to your Rain account, you can use it to buy Stellar directly. You can start by adding your card to your payment options on your Rain account. To purchase Stellar using your bank card, you can select Stellar, click Trade then select Buy. Enter the amount you wish to buy and choose your card from the payment options. Click Next to review and complete your purchase by following the instructions on the screen.
note: The purchase option with debit or credit card is not available for our users in Turkey
How to buy Stellar through bank deposit?
Rain enables you to buy Stellar using your local currency. You can deposit funds through bank transfer, a process which takes 1-4 business days depending on your location. You can start by depositing funds to your Rain account from your bank account. Simply click on Deposit and enter the amount you would like to transfer. Click next and copy the instructions that will appear on your screen to complete the transfer from your bank account. Note that Rain does not automatically pull funds from your bank account and you will need to manually transfer the funds from your bank account to Rain's banking information.
Within 1-4 business days, the funds will be available in your Rain account and you will be able to use them to complete purchasing Stellar. To do that, you can select Stellar in your Rain account, click Trade and select Buy. Enter the amount you wish to buy with and click Next to review and confirm your purchase.
How to sell Stellar?
This is an easy process that requires only a few clicks. Here are the steps needed to sell Stellar successfully:
On your Rain account, select Stellar then click Trade and select Sell. Enter the amount you wish to sell and click Next to review and confirm your sell transaction by entering an OTP. You will receive a confirmation email once the transaction is done with the details.
How to convert Stellar into cash?
Rain gives you the opportunity to sell Stellar and withdraw your funds from your Rain account to your local bank account. First, you need to add your personal bank account to your Payment Methods option on your Profile.
Once your bank account is added, you can sell Stellar and withdraw the funds to your bank account by clicking on Withdraw and entering the amount you wish to withdraw. Click Next to review and confirm your withdrawal information by entering an OTP.
Once the withdrawal request is submitted, you will receive a confirmation email that the withdrawal is being processed. Processing your withdrawal request can take between 1-4 business days.
How to receive Stellar?
If you would like to receive Stellar in your Rain account, simply click on Receive and select Stellar from the list at the top of the page. You can then either copy the address visible at the botom of the screen or share the QR code to to complete your receive transaction.
Make sure that you are using the correct network when receiving Stellar to avoid possible loss of funds.
How to send Stellar?
You can easily send your Stellar from your Rain account to any external wallet by clicking on Send and selecting Stellar from the list at the top of the page. Enter the amount you wish to send and add the external wallet address you are sending to. Click Next to review and confirm your send transaction by entering an OTP.
Why buy Stellar with Rain?
When you buy Stellar with Rain, you ensure that your assets are going to be safely stored on a regulated platform that follows strict compliance standards and is subject to periodic audits. Rain also uses bank-grade security measures like Cold Storage systems. Trading and storing Stellar on Rain also means that your asset is going to be stored on 1:1 basis, which means your assets will always be available to you.
What is a Stellar wallet?
A Stellar wallet is where you can securely store Stellar. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.
What is a Stellar address?
A Stellar address is a string of unique characters that is tied to your Stellar wallet. The address functions just like a bank account number and it is what you use in order to send Stellar from your wallet, or to receive Stellar to your wallet.
What trading pairs available for Stellar?
There are over 200 currency pairs available on Rain for you to trade with. You can trade Stellar with Bahraini dinar, Kuwaiti dinar, Emirati dirham, Omani rial or US dollar, depending on your location. Additionally, you can swap Stellar with 200 other assets like BTC, LTC, XRP, ETH. You can explore your options by visiting the market page on your Rain account: https://www.rain.com/market
What is the minimum order size to buy Stellar?
You can trade Stellar with any amount above $30 or equivalent in your account's currency. You can start trading Stellar now by clicking the Trade button on your Rain account.
What are the most popular cryptocurrencies besides Stellar?
Besides Stellar, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.
What blockchain is Stellar built on?
Stellar is built on the XLM blockchain. This determines how transactions are verified, fees are structured, and how compatible it is with wallets and other decentralized applications (dApps).
How do I keep my Stellar safe?
To keep your Stellar safe, make sure to use trusted wallets that support XLM. Enable two-factor authentication (2FA), store long-term assets in cold wallets, and never share your private keys with anyone. You can always refer to our Security & Policies section for more tips.
What will the price of Stellar be in next 5 years?
Price predictions for Stellar over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.
Is trading Stellar taxable?
Trading Stellar may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.
What is Stellar's ATH?
Stellar’s all-time high (ATH) was $ 0.9381 on 04 Jan 2018. This represents the highest recorded market price of the asset to date.
What is the market cap of Stellar?
With a market capitalization of 7.579B, Stellar is ranked 17 among other crypto assets.
What is the all-time high of Stellar?
The highest valuation of Stellar since its launch was at $0.9381, marking its all-time high.
What is the 24-hour trading volume of Stellar?
The trading activity of Stellar over the last 24 hours was at 184.3M, highlighting its liquidity in the market.
How many Stellar are there in circulation?
There are approximately 34.97B units of Stellar currently in circulation, affecting its market dynamics.
What is the relative popularity of Stellar?
Stellar market cap is around 7.579B.
When was Stellar created?
Stellar was introduced on 30 Jul 2014.
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