As one of the strongest cryptocurrencies ever in the market, Stellar Lumens (XLM) gained a lot of followers globally. For those people who have to exchange money or sell money back home and have a different currency with their name on it, XLM is the perfect solution.
It is a faster and more efficient currency transaction technology that is trusted by people all over the world. We have to remember the world of cryptocurrencies is still in its infancy. Even with all its flaws, these new technologies are taking over. In the next few years, all the industries of the world would be impacted in some form. Therefore, all crypto exchanges need to be as transparent as possible to gain the trust of the people.
Where Can You Exchange XLM?
There are many places that deal with the trading of cryptocurrency, but some are known to the public and some are not. It is hard to know which ones are legit and which ones are not. For that reason, it would be wise for you to do your research and find the best places to change XLM. You would see how legit they are and how easy it would be for you to do business with them. The more reputable you are, the more you can expect the higher returns you get. So, here are the five best places to change Stellar Lumens. Take a look at a cryptocurrency overview to make a decision.
#1 - Cex.io
Cex is one of the biggest exchanges in the market, and it is one of the places where you can change Stellar Lumens. It is an exchange where investors can trade any digital currency for other ones. Apart from that, it also has other benefits like 24/7 customer service, 24/7 trading, high-level security, as well as fast and secure transactions. You can buy cryptocurrency here by visiting the Cex.io page and selecting your country of origin. Click on buy. You would then go through the process of the transaction. Your coins would be sent in a matter of minutes.
#2 - Changelly
Changelly is also a good place to change Stellar Lumens. It can handle the trading of fiat as well as digital assets. It has the ability to work in many countries all over the world. It has a user-friendly interface. On top of that, Changelly has the ability to send XLM and USDT.
So, all you have to do is to visit their website and go through the transaction page. Once you make the payment with Stellar (XLM) on Changelly, you would also get your funds in a matter of minutes. Now, there are a few things you need to consider:
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If you do not use a wallet that can deal with private keys, you have to change it;
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It would be best to use a cold wallet to perform a transaction;
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You might be required to pay some fees for the transaction.
All in all, Changelly is an easy-to-use and user-friendly exchange. It can handle both fiat and cryptocurrencies.
#3 - WalltetInvestor
WalltetInvestor is the best place to buy and sell both Stellar Lumens and Ripple. It has a very intuitive interface that is user-friendly and easy to understand. The exchange is one of the best because of the fact that it is available 24/7. With that being said, here are a few things to remember:
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Use a wallet that can deal with private keys for a secure transaction.
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Always use a cold wallet for your transaction because of the higher risk.
#4 - CoinDesk
CoinDesk is a fast-changing exchange. It is a platform that has two different parts: for fiat money (USA/EN/ EUR, etc) and for crypto. On the exchange, you can buy and sell XLM as well as other cryptos. All you have to do is to select the cryptocurrency you want to exchange and then use the buy button. You would then go through the process of your transaction, and within a few seconds, your coins would be sent to your wallet.
The good part about this exchange is that you can benefit from a fast and convenient process to exchange cryptocurrency. On the other hand, it has some disadvantages that you should look out for. Firstly, it is an exchange that might get shut down or change its policies. Secondly, you have to trust the fact that the exchange is running safely. You also have to use a wallet that can deal with private keys.
#5 - Currency.com
Currency.com is a platform that can deal with crypto as well as fiat. If you want to change XLM, you can go to their website, make a payment and then wait for some time to receive your coins. The good part about this exchange is that you can exchange your XLM for the fiat with the same platform.
* This is a contributed article and this content does not necessarily represent the views of sciencetimes.com
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