Stellar’s cryptocurrency, the Stellar Lumen (XLM), powers the Stellar payment network. Stellar aims to connect banks, payment systems, and individuals quickly and reliably.
XLM is the cryptocurrency used by the Stellar distributed ledger, which facilitates cross-asset transfers of value. XLM can function as an intermediary currency in transactions involving different currencies in use on the XLM network.
Coinbase customers from eligible regions can buy XLM from Coinbase and Coinbase Pro. To see which regions support trading XLM, please see our Supported cryptocurrencies page.
Purchased XLM will be displayed as an asset within your Coinbase wallet in your Portfolio page on Coinbase.com or in the Coinbase mobile app.
There is no minimum purchase amount of XLM on Coinbase.
Yes, however, XLM utilizes Destination Tag technology and a Memo is required to send XLM to Coinbase. Omitting or using an incorrect Destination Tag/Memo will cause a delay in crediting the transaction to your Coinbase account. Under certain circumstances, these funds may not be creditable.
For more information on Memos, visit our help page.
There is no minimum amount required to send funds to Coinbase. However, most exchanges charge a minimum of 2 XLM to send XLM. Sending XLM from Coinbase requires a minimum send of 2 XLM.
Please note, Coinbase does not support Federation for XLM.
A memo is type of Destination Tag that is used with XLM transactions. To send XLM to Coinbase, customers must use the XLM memo associated with thier XLM Coinbase wallet. Customers can send XLM from Coinbase using a memo ID or memo Text.
For more information on how Memos work, please visit our help page.
The initiative, with additional partners Circle and the Stellar Development Foundation, will provide better access to crypto for the underbanked population in emerging market economies.
Thai conglomerate CP Group-bacekd Velo Labs has merged with Stellar co-founder Jed McCaleb's Interstellar in a nine-figure deal. The post CP Group-backed Velo merges with Stellar startup Interstellar in 9-figure deal appeared first on The Block.
The private messaging app has explored its own digital payments offering, pursuing a strategy similar to other tech players.
Ukraine's Ministry of Digital Transformation has inked a memorandum of understanding with the Stellar Development Foundation, with the two sides agreeing to cooperate on a number of digital asset-related initiatives. The post Ukraine signs agreement with Stellar Development Foundation to work on CBDC, digital asset strategy appeared first on The Block.
The Stellar Development Foundation (SDF) invested $3 million worth of Stellar lumens in Latin American cross-border payment and exchange platform Settle Network. The post Stellar Development Foundation invests in Settle Network to support stablecoin-based payment too appeared first on The Block.
Get the latest headlines on your favorite cryptocurrencies.
