Stellar Lumens is a cross-border, open-source cryptocurrency. XLM is the token that drives the Stellar network. For any other Stella token it owns, an account must also hold a small stake of Lumen (acting as a bridge currency between tokens on the Stellar network for moving funds abroad). Stellar has partnerships with IBM and has gone on to be one of the most popular cryptocurrencies of all time in terms of market capitalization.
To buy Stellar Lumens in New Zealand, create a free Swyftx trading account. With NZD deposits and withdrawals, trading Stellar Lumens has never been easier.
It is generally considered that the easiest way to buy XLM in New Zealand, is to sign up to a registered cryptocurrency exchange like Swyftx. To get started, you must provide a few personal details to create your free trading account. This will include providing your name, email address and phone number, as well as creating a secure password. Then, you’ll need to verify your account by providing a form of government-issued photo ID. Once your account has been verified, you can deposit funds into your account via bank transfer. When the funds have landed in your account, you can buy Stellar Lumens and other digital assets.
There may be a number of cryptocurrency exchanges where you can buy XLM in New Zealand. Every exchange differs in terms of trading fees, assets listed and platform features. Swyftx is a feature-rich designed to streamline the trading experience for both new and seasoned traders. We have our own demo mode which is perfect for crypto beginner’s looking to learn the market with zero financial risk. This demo mode allows you to trade $20,000 in artificial currency. When you’re ready to buy XLM for real with NZD, Swyftx has automatic, price triggered buy and sell orders. This means that as soon as XLM or any other digital asset hits a certain price, you will atomically buy or sell the asset without you having to lift a finger. additionally, Swyftx is known for its outstanding personalised customer support. If you have any questions or concerns, don’t hesitate to contact our online chat team, who aim to give customers an in-depth response in a speedy manner.
The best place to buy Stellar Lumens is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.
Yes, Swyftx is a safe and secure platform to buy and sell Stellar Lumens (XLM). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.
Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.
You can find more information on our security practices here.
The price of XLM is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.
Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:
Swyftx also allows you to deposit cryptocurrency from another wallet into your account.
Swyftx does not allow you to directly buy Stellar Lumens with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy XLM instantly.
Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.
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