How to Buy Stellar Lumens in South Africa | Economy Watch

Stellar Lumens (XLM) is a bit different from Bitcoin or any of the other cryptocurrencies out there. In essence, its main strength is actually the underlying blockchain system, which is designed to allow people to move currency across borders with meagre fees quickly.

As luck has it, South Africa is a country that relies heavily on the Stellar system, especially when it comes to banking. Obviously, this helps Stellar in terms of reputation, especially when you consider that it was created by one of the people involved in Ripple.

If you are interested in buying Stellar Lumens in South Africa, follow the steps in this article and choose one of the many exchanges that have this coin on offer.

How to Buy Stellar Lumens in South Africa

The steps required for buying Stellar in South Africa are quite straightforward. Here is what you need to do:

1. Get yourself an eToro account – eToro is one of the most trusted trading platforms out there, with millions of traders relying on it every day. It offers a lot of other cryptocurrencies besides Stellar as well, not to mention the fact that you can also go into other types of assets.
2. Verify your account to get started – The first thing you need to do after creating an account is to verify it in order to prove your identity. This doesn’t take long, and it’s a mandatory step.
3. Load up some cash into your account – Depositing fiat money is quite simple on eToro, and there are multiple payment methods to choose from. However, a minimum of $200 is required for your first deposit.
4. Buy Stellar Lumens – The last step is to actually search for the XLM listing and make a purchase, after which the coins are added to your online wallet.

3 Providers that match your filters

for $ 100 you get

330.0282XLM

What we like

• Trade real cryptos and crypto CFDs
• Licensed broker with deposit insurance
• Integrated wallet

for $100 you get

330.0282 XLM

CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 75% of retail investor accounts lose money when trading CFDs from this provider.

for $ 100 you get

337.7762XLM

What we like

• Amount of withdrawal fee: $0
• Large amount of cryptocurrencies for CFD trading
• Minimum deposit: $20

for $100 you get

337.7762 XLM

CFDs are complex instruments that have a high risk of losing money quickly due to leverage. 72.6% of retail investor accounts lose money trading CFDs with this provider.

for $ 100 you get

333.1172XLM

What we like

• Careful selection of cryptocurrencies
• Regulated by CBI and MiFID in Europe
• No commissions and low spreads

for $100 you get

333.1172 XLM

CFDs are complex instruments and carry a high risk of possible rapid loss of capital due to their leverage. 71% of retail investor accounts lose capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take high risk in losing your capital.

What Are Stellar Lumens?

As mentioned before, Stellar is actually more about the underlying…