EUR to XLM: Convert Euro to Stellar instantly

You can buy Stellar (XLM) with EUR on various cryptocurrency exchanges. The process typically involves creating an account, completing identity verification (KYC), depositing Euros via SEPA transfer, bank wire, or credit/debit card, and then executing a trade on the XLM/EUR market pair.

Stellar (XLM) is primarily designed for fast, reliable, and low-cost cross-border payments and remittances. It also enables asset tokenization, allowing for the creation of digital representations of any asset. Its built-in decentralized exchange (DEX) facilitates peer-to-peer trading of these tokens.

The Stellar Consensus Protocol (SCP) is a form of Federated Byzantine Agreement. Instead of relying on miners, it uses a network of trusted nodes (a quorum slice) to validate transactions. This allows for fast confirmation times (3-5 seconds) and low energy consumption compared to Proof-of-Work systems.

Like any digital asset, investing in Stellar (XLM) carries risks due to market volatility. However, the Stellar network itself is secured by modern cryptographic principles and its consensus mechanism. To secure your XLM, use a reputable wallet and enable two-factor authentication (2FA) on your exchange accounts.

To sell Stellar (XLM) for EUR, you need to transfer your XLM from your personal wallet to an exchange that lists an XLM/EUR trading pair. Place a sell order on the exchange. Once the order is filled, you can withdraw the resulting Euro balance to your verified bank account.

Anchors are trusted entities on the Stellar network that issue credits for assets (like EUR, USD, or even other cryptocurrencies) and hold those assets in reserve. They act as a bridge between traditional financial systems and the Stellar blockchain, allowing users to deposit and withdraw real-world currency.

Both Stellar and Ripple focus on facilitating fast payments, but they have different target markets and philosophies. Stellar is an open, non-profit network focused on financial inclusion for individuals and developing markets. Ripple is a for-profit company primarily targeting banks and large financial institutions with its enterprise solutions.

Yes, the Stellar network has very small transaction fees (currently a base fee of 0.00001 XLM) to prevent spam and denial-of-service attacks. These low-cost transactions make it highly suitable for micropayments and remittances. A minimum balance of 1 XLM is also required to activate a new wallet.