Cryptocurrencies

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How to get XLM coins? One article explains all the ways to get XLM coins

To acquire XLM coins, investors and users can purchase them through cryptocurrency exchanges, participate in P2P marketplaces, earn free tokens through airdrops, utilize lending platforms like Lumen Lend, transfer assets via Horizon Bridge, participate in reward programs, develop smart contracts, or engage in unofficial mining.

Oct 02, 2024 at 11:42 am

How to Get XLM Coins

XLM, the native cryptocurrency of the Stellar network, is a popular choice for investors and users alike. Here are the primary ways to acquire XLM coins:

1. Cryptocurrency Exchanges

Register on reputable exchanges like Binance, Coinbase, or Kraken.
Deposit your preferred currency (e.g., USD, EUR) or other cryptocurrencies like BTC or ETH.
Use the deposited funds to purchase XLM at the current market price.

2. Peer-to-Peer (P2P) Marketplaces

Create an account on P2P platforms like Binance P2P, LocalBitcoins, or Paxful.
Connect with sellers offering XLM coins.
Agree on a mutually acceptable price and payment method (e.g., bank transfer, PayPal).

3. Airdrops and Faucets

Participate in airdrops and events hosted by the Stellar Foundation or other projects on the Stellar network.
Claim free XLM tokens by completing tasks, such as signing up for a newsletter or sharing social media posts.

4. Lumen Lend and Horizon Bridge

Lumen Lend: A decentralized lending platform that allows you to borrow and lend XLM coins. By participating as a lender, you can earn interest on your XLM holdings.
Horizon Bridge: An interoperability solution that enables the transfer of assets between different blockchains. You can use Horizon Bridge to move XLM tokens from other networks into the Stellar network.

5. Reward Programs

Join loyalty programs offered by cryptocurrency exchanges or businesses that support Stellar.
Earn XLM coins by completing purchases, referrals, or other promotional activities.

6. Earnings Through Smart Contracts

Develop smart contracts on the Stellar network that can distribute XLM coins as rewards or incentives.
Create decentralized applications (dApps) that provide services in exchange for XLM payments.

7. Mining (Unofficial)

While the Stellar network does not support traditional mining, there is an unofficial mining pool called Stellar GPU Mining.
This method requires specialized hardware and consumes significant electricity. However, it is not recommended for most users.

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