Buy Stellar (XLM) with Credit Card

Buy Stellar (XLM) with Credit Card – Fast, Secure, and Simple

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Why Buy Stellar (XLM) with Atomic Wallet?

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• Secure Stellar Wallet: Store, manage, and exchange your XLM in a free, non-custodial wallet.
• User-Friendly Experience: Perfect for beginners and seasoned crypto enthusiasts alike.
• No Hidden Fees: Transparent pricing for every transaction.

What is Stellar (XLM)?

Founding and Purpose

Stellar is a decentralized, public blockchain network launched in 2014 by Jed McCaleb, who also co-founded Ripple and the cryptocurrency exchange Mt. Gox. The goal was to process up to 60% of all cross-border payments in specific regions. The overarching purpose of Stellar is to unlock human and economic potential by creating borderless opportunities through digital asset products and services that enhance access to the global financial system.

Stellar aims to offer a more inclusive financial network by providing affordable financial services to individuals in underbanked regions. This mission is evident in their multiple initiatives, such as enhancing financial inclusion and deploying stablecoins.

Partnerships and Adoption

Stellar has formed key partnerships to broaden its adoption and enhance its blockchain applications. In 2016, Deloitte announced a partnership with Stellar to develop a payments app, marking the beginning of Stellar's strategic collaborations. By 2017, Stellar had signed up 30 banks to use its blockchain for cross-border transfers, showcasing its growing influence in the financial sector.

The Stellar network supports over 81,000 onramp locations globally for easier access to digital currencies. With 480+ grants issued from September '23 to August '24, Stellar demonstrates a robust commitment to fostering development on its platform.

Stellar's ability to facilitate real-world financial applications is further exemplified by the UNHCR's launch of Stellar Aid Assist in Ukraine. This initiative uses Stellar's technology to facilitate bulk payments, underscoring how Stellar plays a pivotal role in global financial access initiatives.

Stellar’s strategic initiatives and partnerships point toward its objective of increasing financial inclusion and providing efficient cross-border payment solutions (Sources).

Stellar Technology

Consensus Protocol

Stellar's consensus protocol utilizes the Federated Byzantine Agreement (FBA) algorithm, setting it apart from traditional proof-of-work systems like Bitcoin. This design enables faster transaction processing and reduces latency, allowing for thousands of network operations per second. The FBA algorithm is integral to the Stellar Consensus Protocol (SCP), which provides decentralized control, low latency, flexible trust, and robust security. Unlike centralized systems, SCP allows anyone to join the consensus process, ensuring no single entity dominates the decision-making power.

Lumens Cryptocurrency

The native cryptocurrency of the Stellar network is Lumens (XLM). Initially, Stellar launched with a total supply of 100 billion XLM in 2015. However, in a strategic move, the Stellar Development Foundation burned more than half of the supply, reducing the total to 50 billion XLM. Presently, the circulating supply is around 20.7 billion XLM. The remaining tokens are allocated as follows: approximately 30 billion XLM are controlled by the foundation, with portions designated for marketing, development, and investments in other blockchain ventures.

Network Speed and Efficiency

The Stellar network is renowned for its speed and efficiency. It boasts an average ledger closing time of 5.8 seconds, making it one of the fastest blockchain-based systems available. This rapid processing capability ensures that transactions are confirmed almost instantly and cheaply. Stellar's architecture is also highly energy-efficient compared to traditional blockchain systems, which contribute to its low operational costs and minimal environmental impact.

Stellar's technological advancements are foundational to its real-world applications and adoption, driving its use in various financial inclusion initiatives, peer-to-peer networks, and stablecoin deployments. Through its efficient consensus protocol, robust cryptocurrency, and swift transaction speeds, Stellar offers a compelling platform for the future of decentralized finance.

Stellar Use Cases

Stellar, known for its innovative solutions in the cryptocurrency space, offers a variety of use cases that cater to financial inclusion, stablecoin deployment, and peer-to-peer networks.

Financial Inclusion Initiatives

Stellar plays a significant role in facilitating financial access on a global scale. Its network enables organizations, including nonprofits with minimal IT budgets, to participate effectively. The UNHCR has launched initiatives like Stellar Aid Assist in Ukraine to facilitate bulk payments using the Stellar network. Stellar's Lumens cryptocurrency (XLM) is instrumental in providing liquidity and streamlining payment processes, enhancing the reach of financial inclusion efforts.

Stablecoin Deployment

The deployment of stablecoins on the Stellar network highlights its growing adoption and utility. Notably, Societe Generale-FORGE selected Stellar to deploy its EUR-backed stablecoin, EURCV. This strategic choice underscores Stellar's robustness in asset tokenization and its ability to handle stablecoin transactions efficiently.

Peer-to-Peer Network

Stellar serves as an effective peer-to-peer (P2P) network, with its native currency, XLM, acting as an intermediary for transactions. The protocol converts money into XLM quickly and then into the requested currency, minimizing transaction times and fees. Stellar also doubles as a decentralized exchange and marketplace, tracking ownership of Stellar assets and allowing users to manage buy/sell orders effectively. This functionality enhances the efficiency and cost-effectiveness of P2P transactions.

Stellar's diverse use cases demonstrate its capacity to meet various financial needs, from facilitating humanitarian aid to enabling efficient P2P transactions and stablecoin deployment. This makes Stellar a versatile platform in the cryptocurrency ecosystem.

Stellar Supply and Security

Lumens Supply and Distribution

The native cryptocurrency of the Stellar network is known as Lumens (XLM). Lumens were created to facilitate transactions on the Stellar network, acting as a bridge currency between different fiat and cryptocurrencies. Concerns have been raised about the high number of XLM tokens controlled by the Stellar Development Foundation (SDF). To address these concerns, the SDF intentionally destroyed 55 billion Lumens tokens in 2019.

This strategic move aimed to increase transparency and confidence in the network by reducing the total supply. As of now, the total supply of Lumens is capped at 50 billion, with around 20 billion currently in circulation.

Stellar Consensus Protocol

The Stellar network operates on a unique consensus mechanism known as the Federated Byzantine Agreement (FBA). This protocol is designed to enable faster transaction processing compared to traditional Proof of Work (PoW) systems like Bitcoin. The Stellar Consensus Protocol (SCP) leverages quorum slices to achieve consensus, allowing the network to process thousands of transactions per second.

The SCP is known for its efficiency, security, and low latency. This makes it an ideal choice for financial transactions that require quick and reliable processing. The average ledger closing time on the Stellar network is approximately 5.8 seconds, which stands in stark contrast to the 10 minutes required for Bitcoin's ledger closure.

Strategic Partnerships

Stellar has established numerous strategic partnerships to expand its global reach and utility. The network supports over 81,000 onramp locations worldwide, facilitating easy access for users to buy and sell digital assets using their local currencies.

The Stellar Development Foundation also issues grants to encourage the development of applications within its ecosystem. From September 2023 to August 2024, more than 480 grants were issued, providing significant support for innovation and adoption within the network.

Through these partnerships and initiatives, Stellar continues to strengthen its position as a versatile and reliable blockchain network designed to connect global financial systems.

How to buy Stellar (XLM)?

There are two options for purchasing Stellar (XLM):

1. Purchase Stellar (XLM) directly on the Atomic Wallet website.
2. Download and install Atomic Wallet on your device (desktop or mobile), then navigate to the 'Buy Crypto' page.

If you encounter any difficulties with any of the steps, feel free to contact our customer support by filling out this form.