What is Stellar (XLM)?
Stellar is both a payment network and public ledger that make funds transfer fast, and accessible for everyone. Stellar enables users to exchange different values in a seconds.
How did Stellar launch?
Stellar (and also a Ripple) was founded by Jed McCaleb. Who was also the driving force at MtGox and eDonkey..
Stellar was launched in 2014 and gained success with growing community and investors. Initially, the Stellar network has the same code base as Ripple. In the late 2015, the project created its own code base and also a Consensus algorithm called SCP (Stellar Consensus Algorithm). Both systems also have foundational differences. Both Stellar and Ripple are mostly open-sourced project but has different philosophies.
Stellar is a payment protocol with its own native asset called Lumen (XLM). Lumens are utilized for in-platform transactions. The Stellar ledger is a history of transactions that is placed into blocks. Every transaction is verified by validators (or so-called nodes). The reason why Stellar was invented is to make an easy cross-boarding currency transfer to be available for small companies, individuals and financial institutions interested in helping to fight poverty across the world. Stellar is pretty simple to use, so customers don’t need to be tech-savvy to work with the currency.
How to buy Stellar with Credit Card
You can buy XLM with VISA or MasterCard right in the interface of Atomic Wallet. Convert your USD or EUR to BTC and then exchange it to NEO.
Even if you have a JPY, CAD or any other currency card, those currencies are automatically converted to either EUR or USD, depending on your choice. It’s quite easy to use and doesn’t require specific tech skills.
The wallet empowers you with a high-level security with a convenient and clear interface, 300+ coins and tokens support, built-in cryptocurrency exchange and atomic swaps. Our motto is “Only you control your funds!” and it’s 100% true. Private keys are generated out of a unique mnemonic seed and securely kept on your device, so this is only YOU who controls them.
Rates, Security and how it works?
The fees are fixed at 2%. Each operation is fully conducted by Simplex, an EU licensed card processing company. You choose an amount and currency to buy and verify your ID. Then your bank holds funds until Simplex approves the request and makes an exchange. As a rule, you receive crypto in 24 hours. Otherwise, in case of some issue, you receive a decline and get a full refund.