Stellar lumens (XLM) are now available for trading on CoinJar!

Stellar lumens (XLM) are now available for trading on CoinJar!

We’re excited to welcome XLM to the CoinJar lineup!

From today, XLM is now available to buy and sell through the CoinJar platform, joining our already stellar line up of digital currencies that members can send, receive and store using CoinJar.

Stellar lumens are designed to facilitate cheap global payments with low network transaction fees. This allows CoinJar to provide Stellar lumens withdrawals to external wallets and other exchanges at no cost to our members.

XLM will not be available on CoinJar Exchange at launch and will come later this year with the following trading pairs: BTC/XLM, XLM/AUD and XLM/GBP.

What are Stellar lumens (XLM)?

Stellar lumens are the flagship token of the open source decentralised Stellar payment network. The Stellar Network exists to facilitate creating, sending and trading of digital representations of any currency and therefore providing a cheap and simple global payments system. Stellar lumens have a special role in the network as they are used to pay for transaction fees on the network.

Unlike other tokens, all lumens in current circulation were created when Stellar was pioneered. There are currently 50 billion lumens in existence and this number is expected to remain unchanged for the foreseeable future.

You can learn more, view live prices, and purchase XLM here.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high‑risk investment and you should not expect to be protected if something goes wrong. Take 2 minutes to learn more:

Cryptoassets traded on CoinJar UK Limited are largely unregulated in the UK, and you are unable to access the Financial Service Compensation Scheme or the Financial Ombudsman Service. We use third party banking, safekeeping and payment providers, and the failure of any of these providers could also lead to a loss of your assets. We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets. Capital Gains Tax may be payable on profits.​​

CoinJar’s digital currency exchange services are operated in Australia by CoinJar Australia Pty Ltd ACN 648 570 807, a registered digital currency exchange provider with AUSTRAC; and in the United Kingdom by CoinJar UK Limited (company number 8905988), registered by the Financial Conduct Authority as a Cryptoasset Exchange Provider and Custodian Wallet Provider in the United Kingdom under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended (Firm Reference No. 928767).