How to get XLM coins? This article teaches you how to get XLM coins

XLM coins can be obtained through various means including cryptocurrency exchanges, airdrops, Stellar faucets, providing liquidity on DEXs, staking, purchasing XLM products, earning rewards from mobile apps, mining, and receiving remittances.

Oct 01, 2024 at 02:18 am

How to Obtain XLM Coins

XLM, the native cryptocurrency of the Stellar network, can be acquired through various methods. This article provides a detailed guide on how to obtain XLM coins.

1. Purchase on Cryptocurrency Exchanges:

• Open an account on a reputable cryptocurrency exchange that supports XLM.
• Deposit fiat currency (e.g., USD, EUR) or other cryptocurrencies.
• Search for the XLM trading pair and place a buy order.
• Exchanges with the highest XLM trading volume: Binance, Coinbase, Kraken, KuCoin, Huobi Global.

2. Earn Through Airdrops:

• Participate in airdrops conducted by projects or businesses that distribute XLM to promote their products or services.
• Follow the instructions provided by the airdrop organizers to complete tasks and claim your XLM tokens.

3. Use Stellar Faucets:

• Visit Stellar faucets that dispense small amounts of XLM for free.
• Complete simple tasks or watch advertisements to earn XLM.
• Examples of popular Stellar faucets: Stellarport, Freestar.io.

4. Provide Liquidity on DEXs:

• Become a liquidity provider on decentralized exchanges (DEXs) like Stellar DEX.
• Deposit XLM and other cryptocurrencies to the liquidity pool.
• Earn XLM rewards for providing liquidity and facilitating trades.

5. Earn Through Staking (Anchorage Protocol):

• Use the Anchorage Protocol, a decentralized lending and borrowing platform on the Stellar network.
• Deposit XLM and earn rewards from interest payments generated on loans.

6. Buy XLM Products:

• Some companies offer products and services that can be purchased using XLM.
• Explore the Stellar website or use the Stellar Marketplace to find merchants who accept XLM.

7. Rewards from Mobile Apps:

• Certain mobile apps offer rewards in XLM for completing tasks or participating in programs.
• Install the apps and follow the instructions to earn XLM.
• Examples of mobile apps: XLM Carpool, XLM Bank.

8. Mine XLM:

• Set up a Stellar Lumens Consensus Protocol (SCP) node and contribute to validating transactions.
• Participate in quorum slices to help secure the network.
• Receive XLM as inflation rewards for running an active node.

9. Receive as Remittances:

• Transfer XLM internationally to send remittances quickly and cheaply.
• Receive XLM tokens in your Stellar wallet or on exchanges.