We are very excited to announce that you can now buy and sell Stellar (XLM) on the Coinberry web portal. You will soon be able to purchase it through our mobile app as well. Sign in here to make you first Stellar trade!
What is Stellar Lumen (XLM)?
Stellar Lumen is traded exclusively on the Stellar network. According to the creators of this network,
“Stellar is an open-source network for currencies and payments. Stellar makes it possible to create, send and trade digital representations of all forms of money – dollars, pesos, bitcoin, pretty much anything. It’s designed so all the world’s financial systems can work together on a single network.”
The decision to add Lumen to the list of cryptocurrencies that our members can purchase on Coinberry stems from a combination of user feedback, market research, and the values shared by both Coinberry and the Stellar Lumen Development Foundation.
At Coinberry, we take the opinions of our users very seriously. That’s why, when deciding on which coin to launch next, we conducted a poll.
The overwhelming majority of users said they would like to see us offer Stellar Lumen as our next coin. We’ve found that there are several reasons users are interested in Stellar Lumen, including:
- Fast transactions
- Low fees
- Secure network
- Universal transfers
- Market performance
…and many others.
We also made a point of considering the market performance before deciding to add Stellar Lumens to our platform.
If you look at Lumen’s performance over the last month in the chart above (or here), you’ll notice a major dip in early March where Stellar reached a low of $0.0363. Stellar has since demonstrated its impressive ability to rebound just like BTC, and the price has climbed steadily back up to $0.07. This equates to a 92.84% increase over the last few weeks.
Keep in mind, like any cryptocurrency, large price fluctuations can be expected. The market performance of Lumens is also influenced by the behavior of Bitcoin in the markets like any other cryptocurrency.
And based on the many unique features of the Stellar network, one can expect that this cryptocurrency will continue to gain popularity in the future.
The vision behind Stellar runs parallel to our own as well. Stellar was created with one thought in mind – to provide a fast and efficient payment system that is easy to use and accessible to all, with the goal of unlocking the full potential of digital currency.
Similarly, we believe that an all-inclusive blockchain-based economy is the way of the future. That’s why we are thrilled to have Stellar Lumens on our platform.
What’s Next for Us?
The addition of Stellar to our platform is a huge milestone in our growth as a customer-first focused company.
We are constantly striving for improvement. It’s this driving force that has motivated us to provide users with great features like 0% withdrawal fees, lowest trading fees in Canada, 24/7 trading, live support, and many more.
This mindset has also enabled us to become a FINTRAC-registered cryptocurrency platform and the only one trusted by Canadian municipalities to collect property tax payments through Coinberry Pay.
As we progress into 2020, we look forward to improving the experience for Coinberry users and continuing to play our part to promote the use of digital currency worldwide.
Click here to buy or sell Stellar Lumens (XLM) on Coinberry.