How to get XLM coins? Understand how to obtain XLM coins in one article

To acquire XLM coins, consider purchasing them through reputable cryptocurrency exchanges like Binance or Coinbase, earning them through Stellar faucets, trading on Stellar DEX using user-friendly apps like Lobstr, participating in airdrops, or providing liquidity on the Stellar Network.

Oct 12, 2024 at 11:30 am

How to Obtain XLM Coins

1. Purchase from Cryptocurrency Exchanges

• Binance: A reputable and popular exchange that allows XLM trading.
• Coinbase: A user-friendly exchange that offers XLM for purchase.
• Kraken: A secure and trusted exchange with a large selection of cryptocurrencies including XLM.

Instructions:

• Create an account on the chosen exchange.
• Verify your identity through KYC (Know Your Customer) process.
• Deposit funds using a supported payment method (e.g., bank transfer, credit card).
• Search for XLM and place a buy order.
• Store the XLM coins in a secure wallet (recommended).

2. Earn through Stellar Faucets

• Stellar faucets are websites or apps that distribute free XLM to users.
• Example: Freestellar.com offers XLM giveaways.

Instructions:

• Visit a reputable Stellar faucet website or app.
• Follow the instructions for claiming free XLM.
• Complete tasks or sign up for services to earn more XLM.

3. Use Stellar DEX

• Stellar DEX (Decentralized Exchange) allows you to trade XLM directly without an intermediary.
• Lobstr: A user-friendly mobile app that facilitates XLM trading on Stellar DEX.

Instructions:

• Download the Lobstr app on your mobile device.
• Create an account and fund it with XLM.
• Search for XLM and place a buy order.

4. Participate in Airdrops

• Airdrops are promotional events where projects distribute free XLM to participants.
• Trustline: A Stellar-based project that has conducted airdrops in the past.

Instructions:

• Check the project's website or social media channels for airdrop announcements.
• Follow the instructions to create an account or complete requirements for eligibility.

5. Provide Liquidity on Stellar Network

• By providing liquidity to Stellar's decentralized exchange (SDEX), you can earn XLM rewards.
• Use platforms like Stellarport to add liquidity.

Instructions:

• Create an account on Stellarport.
• Fund it with XLM and other currency pairs for liquidity provision.
• Stake your liquidity position and start earning XLM rewards.