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Exchange XLM with eToroX – Advanced digital asset exchange
eToroX is a powerful digital asset exchange, where you can buy, sell and convert stellar for other crypto assets. eToroX is the blockchain and crypto arm of the eToro Group, home of the world’s largest social trading platform (eToro) and a leader in the innovative Fintech field for well over a decade. eToroX is one of only a few regulated crypto exchanges in the world, which together with the experience and reputation of eToro Group offers a level of security and assurance to all those that use it.
Trade stellar with eToroX
- You can trade XLM for a whole range of other popular and unique digital assets
- Start trading tokenized assets and grow the diversity of your investment portfolio
- Take advantage of superior trading technology, which employs the latest security measures
What is Stellar?
Stellar is actually the name of the decentralized payment infrastructure, rather than the cryptocurrency itself. The platform runs on a net of servers that are hosted by individuals and entities across the world. These servers host the distributed ledger that keeps on top of all the transactions and data across the network. Stellar comes with the premise of offering a “worldwide financial network open to anyone.” In effect, it connects people, institutions, and payment providers through its platform. The platform allows you to make payments to anywhere in the world instantly, using any currency or cryptocurrency, with the ability to convert it to the local currency, when it reaches its destination for the lowest rate available.
You can also use the stellar order book to exchange currencies, cryptocurrencies, and even trading pairs eg. GBP/USD for BTC/USD.
Stellar was established by Jed McCaleb, who prior to this created the infamous Mt. Gox (he left before the massive $450 million hack!). He then created Ripple but left in 2013. Stellar itself has an extremely impressive advisory board which includes Naval Ravikant (AngelList Founder), Matt Mullenweg (WordPress Founder) and Patrick Collison (Stripe CEO).
Learn About the Cryptocurrency XLM
A lumen is a digital cryptocurrency that is native to the Stellar platform, meaning built in. All transaction fees are paid for in lumens, these cost 0.00001 lumens per transaction. Each account holder must have a minimum number of lumens in their account in order to keep their account open on the distributed ledger. This acts as an anti-spam measure which prevents DoS attacks eg. someone trying to make loads of transactions to bring the network down.
At the end of 2014 XLM saw a 5X price hike which then started to drop over the next few years. Then in May 2017 XLM came into its own with a massive price increase. Over 2018 it has followed the other cryptocurrencies in a price drop, but significantly less than the other cryptocurrencies.
The above content is for informational purposes only and should not be construed as financial or any other type of advice. All trading involves risk of capital loss. Digital Assets trading also involves additional special risks not generally shared with official currencies, goods or commodities. For more information on the risks please refer to our Risk Disclaimer.