Interested in purchasing Stellar (XLM) in Germany? We’ve handpicked the best exchanges, including Bybit, where you can invest in Stellar securely and benefit from low trading fees.
Investing in Stellar and other cryptocurrencies has never been easier.
Simply sign up on the listed crypto exchanges, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets.
- Where to buy Stellar in Germany
- How to purchase Stellar in Germany
- How to safely store Stellar
- How to withdraw Stellar
Here's a step-by-step guide on how to buy Stellar in Germany.
When choosing a crypto exchange to buy Stellar in Germany, prioritize platforms with low transaction fees to enhance investment returns, ensure the implementation of robust security protocols to safeguard your assets, and opt for user-friendly platforms with reliable customer support and positive user feedback.
Here are the best crypto exchanges where you can purchase Stellar (XLM) in Germany:
+ A very well-known crypto exchange platform
+ Supports fiat-crypto acquisitions
+ P2P trading option
+ Very low trading fees
+ Helpful customer support
1. Create an account on a crypto exchange
When buying Stellar in Germany, the first step is selecting a reputable Stellar exchange that operates within the legal framework of the country.
In this tutorial, we will be using Bybit to purchase Stellar (XLM).
2. Secure your account
Ensure stronger protection of your account by setting Google 2FA code, anti-phishing code, and trading password.
3. Verify your account (KYC)
After signing up for the exchange you will need to verify your identity and address, which is part of the Know Your Customer (KYC) process.
4. Add a payment method
Add a credit/debit card or bank account after verifying your Bybit account.
5. Buy Stellar (XLM)
Use a variety of payment options to buy Stellar (XLM) on Bybit.
After creating an account on your preferred exchange, follow these steps below to purchase Stellar:
Step 1: Make a deposit or buy Stellar (XLM) with a Credit or Debit Card
There are several methods and payment services available for funding a cryptocurrency exchange account. Choose the option that best suits your needs:
Crypto Deposit: If you opt to fund your account through a crypto deposit, you will transfer digital assets from a crypto wallet to your exchange account. Ensure you use the correct address for each supported cryptocurrency on the exchange, as using the wrong address or sending unsupported crypto may lead to a loss of funds.
Bank Deposit (Wire Transfer): Alternatively, you can fund your account through a bank deposit (commonly known as a wire transfer) using supported fiat currencies like USD, EUR, and GBP. Before initiating a bank deposit, it's essential to verify whether the exchange supports your preferred local currency.
Credit Card or Debit Card Purchase: Purchasing Stellar via credit card or debit card is not only the easiest but also arguably the most popular option.
Step 2: Go to the trading page and find the relevant crypto trading pair
After funding your account, navigate to the trading page to select the appropriate crypto trading pair. Whether you're looking to trade crypto-to-crypto or crypto-to-fiat, choosing the right pair is crucial for a successful transaction.
Note: In this tutorial, the trading pair used is BTC/USDT, but in this particular case, make sure you choose the correct one (XLM/USDT), XLM/USD), etc.).
Depending on the exchange you’re using, there should be multiple trading pairs available (a trading pair refers to two different assets that can be traded against each other; e.g., XLM/USDT).
As a rule of thumb, most crypto exchanges support both crypto-to-crypto (e.g., XLM/USDT and crypto-to-fiat (e.g., XLM/USD) trading pairs.
Choose the right trading pair – crypto or fiat – depending on the deposit method you’ve chosen.
Step 3: Make a buy order for XLM
Decide whether to choose Market or Limit order when buying Stellar.
Here’s a brief overview of each:
“Limit” order option: set the price at which you want to buy XLM.
“Market” order option: fills out your order at the best price automatically.
If you want to buy XLM when it reaches a certain price, use the Limit order.
Enter the price you desire and the amount of XLM you want to purchase, then click the “Buy” button.
If you want to buy XLM at the latest price, click on the Market tab, then enter the amount of XLM you want to buy. The order should be done almost instantly and the coins will be added to your balance soon.
You are now a proud investor of Stellar (XLM)!
Step 4: Store your XLM
The best way to store XLM varies based on your needs and preferences.
While keeping it in your exchange account offers convenience for trading, using non-custodial Stellar wallets gives you full control over your private keys and, consequently, your assets.
Store XLM in your Bybit Account
Holding your crypto in your Bybit account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. Bybit serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own.
Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.
The crypto community widely acknowledges the rule, "Not your keys, not your coins."
If prioritizing security, consider transferring your XLM to a non-custodial wallet. Opting for a non-custodial or self-custodial wallet ensures you have full control over your private keys. This can include various types of wallets like hardware wallets, Web3 wallets, or paper wallets.
Keep in mind that this option may be less convenient if you frequently trade XLM or want to actively use your assets. Ensure the safekeeping of your private keys, as losing them could lead to the permanent loss of your XLM.
Exchanges offer straightforward methods for cashing out your XLM, allowing you to transfer your assets back into fiat currency or into another digital asset.
Germany, officially known as the Federal Republic of Germany, is situated in central Europe. It boasts a robust population of nearly 84 million people, making it the most populous country within the European Union (EU). Denmark shares a northern border with Germany, while Austria and Switzerland lie to the south, and France, Luxembourg, Belgium, and the Netherlands border it to the west. The German language is the official tongue, and both the Bybit app and website fully support it.
The Euro (EUR) serves as Germany's official currency, allowing you to engage in Stellar (XLM) and various cryptocurrency trading and investments on Bybit. Whether you find yourself in Berlin, Hamburg, Munich, or any other German city, Bybit is readily available to serve your cryptocurrency needs.
Germany holds the distinction of being the largest music market in Europe, with a rich history of renowned composers spanning from the classical era to modern times. Notable figures like Ludwig van Beethoven, Franz Schubert, and Richard Wagner emerged during the Romantic era, which extended from approximately 1830 to 1900. For those interested in delving into this musical heritage, a visit to Beethoven's birthplace in Bonngasse, Germany is a must. The museum offers a glimpse into Beethoven's world with over 100 original exhibits that transport visitors back to his time, providing insights into his thoughts and emotions while creating his magnificent compositions. Additionally, the museum hosts approximately three annual temporary exhibitions on various Beethoven-related topics.
Buying Stellar FAQs
Where to buy Stellar in Germany?
Nowadays, acquiring and securely storing Stellar (XLM) is a straightforward process with a CEX such as Bybit. You can use your debit/credit card, conduct a bank transfer, or engage in peer-to-peer trading for Stellar investing. This can be conveniently done on your computer, tablet, iOS, or Android devices.
How to purchase Stellar with a Credit or Debit Card in Germany?
To buy Stellar (XLM) with a credit or debit card in Germany, you need to choose a card and an exchange that specifically facilitates Stellar online purchases and credit card transactions such as Bybit.
How to buy Stellar with PayPal in Germany?
If you want to buy Stellar using PayPal, you can check if Stellar is available on your PayPal Crypto Hub or Finances section.
How to buy Stellar without KYC in Germany?
You can buy Stellar (XLM) without ID verification on a No-KYC crypto exchange such as MEXC.