Introduction
Coinbase has expanded its cryptocurrency offerings by adding support for Stellar Lumens (XLM). Users can now trade, store, and manage XLM on Coinbase.com and its mobile apps. This inclusion aligns with Stellar’s mission to revolutionize global financial connectivity.
Key Features of XLM on Coinbase
- Buy/Sell/Convert: Trade XLM seamlessly against other supported cryptocurrencies.
- Send/Receive: Transfers require an XLM destination tag for security.
- Storage: Securely hold XLM in your Coinbase wallet.
Availability
XLM is accessible in most regions, excluding:
- United Kingdom
- New York (U.S. state)
About Stellar Lumens (XLM)
Stellar’s network, powered by XLM, aims to bridge financial systems for faster, low-cost transactions. Launched in 2014, its goals include:
- Connecting banks and payment providers.
- Enabling efficient cross-border transfers.
- Democratizing financial access, akin to the internet’s impact on information.
Coinbase’s Commitment to Asset Expansion
Coinbase prioritizes user demand for diverse tradable assets. Recent updates include:
- A transparent listing process for new cryptocurrencies.
- Educational resources like XLM asset pages and a learning portal.
👉 Explore more cryptocurrencies
How to Get Started
- Sign up for a Coinbase account.
- Fund your account via bank transfer or card.
- Begin trading XLM instantly.
FAQs
Why does XLM require a destination tag?
Destination tags ensure transactions reach the correct recipient on Stellar’s network, similar to bank routing numbers.
Is XLM available worldwide?
Most regions support XLM, but restrictions apply to the UK and New York due to regulatory compliance.
How does Stellar differ from other blockchains?
Stellar focuses on financial inclusivity and interoperability, offering faster settlements and lower fees than traditional systems.
Conclusion
With XLM’s integration, Coinbase continues to broaden its ecosystem, empowering users to participate in Stellar’s vision of a unified financial network.
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