Stellar XLM Review

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Stellar XLM Review


I think it is a smart way to do research if you are interested in a product before you decide to dive in and invest in it.

Having an informed decision is a must, so you can avoid possible scams and low-quality products that are being offered online.

I am not directly connected with this product, nor am I gaining commissions from reviewing this product but this review will help anyone who is on the lookout to gain financial freedom and know how to make money online.

Nowadays, everyone is on the lookout for a passive way to earn money in different ways and one of them is through various online processes. There are different ways to earn money online like Affiliate marketing, cryptocurrencies, MLM and this article will tackle the Stellar XLM review, whether it is a great investment or a waste of time.

Check out this review regarding secrets to balance your work life while earning money at home.

Product: Stellar Lumens XLM


Original Authors: Jed McCaleb, Joyce Kim

Developers: Stellar Development Foundation

Intended for: Individuals, Businesses, Non-profit organizations, Financial institutions and Governments


What is Stellar Lumens?

Stellar is an open-source network where it allows any type of currency to be transferred and exchanged in any part of the world via online means. Lumens or XLM, the shorthand for Lumens, is the native currency of Stellar.

Stellar connects people, banks and payment protocols easier. There are a lot of currencies available; transactions can happen very fast and for only a fraction of cost with the help of the crypto-asset Lumens also known as XLM as the bridge.

Stellar Lumens observes the similar operation of the other decentralized payment technologies available online. The network has decentralized servers with a specifically distributed ledger which is updated every 2 to 5 seconds.

Stellar is a non-profit foundation, its main purpose is to help and support the less fortunate by optimizing the power of the blockchain technology. Stellar Lumen’s initial release was 4 years ago, July 31, 2014, to be exact.

This platform helps individuals who do not own a bank account to receive or send money from anyone located in any part of the world.

What are Lumens?

One lumen or XLM is a unit of digital currency, just like a bitcoin.

As of this writing, there are 8,657,823,877 lumens distributed.

Just like other cryptocurrencies, Lumen is a digital currency and you will need it to move your money in different parts of the world by using different currencies fast and guaranteed a safe transaction.

When Stellar Lumens have been launched as a project in 2014, 100 billion Lumens have been created and it has an annual inflation rate of 1%.

What is the current exchange rate for Stellar XLM?

According to Coinmarket, $0.123464 USD (3.22%) 0.00003024 BTC (-3.81%) is the current exchange rate for Stellar XLM as per writing this review.

How does Stellar Lumens work?

Before using the Stellar network, you have to create an account first. An account is assigned with a public key, a secret seed and public key cryptography which is required for a safe and secure transaction every time.

An anchor then is needed for the next step. The anchor will hold your deposit and will then issue virtual credit into your newly acquired account on the network. The anchor serves as a bridge for the different currencies and the Stellar network. Most of the anchors are banks, remittance, and money-transfer companies.


Once the funds are uploaded to the anchor, you can now perform a quick and secured transfer on the Stellar platform.

Stellar Lumens serves as a bridging currency wherein it can be used by any individual to transfer or send any currency to anyone around the world. It helps conduct a smooth, fast, and secure transaction, making money transfers easy and no hassle at all.

Stellar uses blockchain technology with an open source platform or network that allows exchanging of money or tokens. Github hosts the source code of its platform.

Transactions of different accounts happen via a consensus process with trusted accounts and not via mining.

Lumens are the native asset of Stellar and are needed to create accounts, do operations and complete transactions on the network. It helps anyone who wants to transfer money easily.

There are different category types of cryptocurrency and Stellar Lumens falls into all of them:

  1. Stellar Lumens as a currency is used for exchanging goods and services anywhere in the world. It can be stored for its value as assets just like the Gold and Silver.
  2. As a platform coin, Stellar Lumens powers decentralized applications, smart contracts, power storage, and even voting. An example of this is ColorGlyph.
  3. Stellar Lumens, allows any individual to create their own token on the Stellar network. One example is Mobius. These said tokens are regarded as a type of utility or asset. These tokens can be used as an intermediate currency or bridging currency when exchanging different currencies, for example, you want to exchange USD to EUR.


Has support from different blockchain companies, last December 11, 2018, Alphapoint, one of the famous and leading blockchain companies announced their support for Stellar Lumens and this includes deposits, withdraws, trades, and transfers.

Has a faster transaction than other cryptocurrencies. The usual remittance duration takes a few days to some.

Has a partnership with IBM.

Has cheaper fees.

Has an awesome platform that is able to launch ICOs.

Has a built-in inflation mechanism.


Stellar Lumens price usually follows Ripple XRP closely. When XRP price drops, Stellar drops as well.

It requires a long-term hold, not advisable for a day to day basis trading.

Its platform is not totally decentralized; there are some aspects that are centralized like for example, the Stellar Foundation holds some of the token supply.


FAQS about Stellar Lumens:

  1. Which wallets I can use to hold my Lumens?

There are a lot of wallets that you can use to hold your Lumens.

  1. Astral Wallet
  2. Lobstr
  3. Ledger Nano S
  4. Foxlet
  5. Stargazer
  1. How to buy Stellar Lumens?

You can buy Stellar Lumens in different ways, here is one example.

  1. What is the minimum account balance for Stellar Lumens?

2 x base reserve = Minimum balance

The base reserve is equivalent to 0.5 XLM.

Please note that it is subject to change.

Ratings and Reviews about Stellar Lumens:

Weiss Ratings


As a non-profit organization, Stellar does not focus on maximizing profits like the other platforms. Thus, it may not deliver high price rises that the other cryptocurrencies have done to their buyers.

My Rating: 8 out of 10

Recommended: Yes, Stellar Lumens is an excellent way of earning money and I recommend it for those who are looking to earn money online, however, Affiliate marketing is a better and easier way with little costs needed to start up. 

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