How to Buy Stellar Lumens (XLM) in the UK (2020)

The cheapest way to buy Stellar Lumens (XLM) in the UK is via the Crypto.com app with a EUR SEPA transfer. With this route, you’ll pay less than 0.5% in fees – but it’s less convenient.

An easier and quicker way to buy Stellar Lumens (XLM) in the UK is via the Wirex platform. It allows you to buy Stellar Lumens (XLM) with GBP using a UK bank transfer, debit card, or credit card. For the added convenience, you’ll pay slightly higher fees (1%).

Read on to find out more.

Where Is the Best Place to Buy Stellar Lumens (XLM)?

This table shows where you can buy Stellar Lumens (XLM) in the UK with various payment methods.

ProviderPayment MethodsFees (Approx.)
Crypto.comSEPA Transfer< 1%
Coinbase ProUK Bank Transfer< 1%
KrakenUK Bank Transfer
Bitcoin (BTC)
< 1%
BinanceBitcoin (BTC)
Ethereum (ETH)
Tether (USDT)
< 1%
WirexUK Bank Transfer
SEPA Transfer
Debit Card
Credit Card
1%
BC BitcoinUK Bank Transfer4%

Coinbase Pro, Kraken, and Binance all have low fees. However, none of them allow you to buy Stellar Lumens (XLM) directly with GBP. This means you’ll have to buy Stellar Lumens (XLM) with Bitcoin (BTC).

I’ve found it easier and cheaper to buy cryptocurrencies like Stellar Lumens (XLM) via the Crypto.com app. This allows you to buy cryptocurrencies at the real market rate, with no other fees.

However, my preferred option is Wirex. It allows you to buy cryptocurrencies Stellar Lumens (XLM) and a handful of other cryptocurrencies quickly and easily with GBP. They offer the real market rate for all cryptocurrencies but charge a fixed fee of 1%.

How to Buy Stellar Lumens (XLM) in the UK

#1: Crypto.com

Crypto.com is the cheapest way to buy Stellar Lumens (XLM) in the UK.

However, this requires a few extra steps. That’s because Crypto.com doesn’t currently support GBP deposits. This means you’ll have to deposit EUR via a SEPA transfer.

This isn’t ideal. If you live in the UK, most high street banks will charge fees for:

  • Exchanging GBP for EUR.
  • Sending EUR via a SEPA transfer.

To sidestep this problem, you can use Revolut. This is a mobile banking app that allows you to exchange up to £1000 worth of currency and send EUR via a SEPA transfer without paying any fees.

Few things to keep in mind if you take this route:

  • Only exchange money on Revolut on weekdays. If you do this on weekends, you’ll pay a fee of at least 0.5% (which negates the benefit of this route!)
  • SEPA transfers are only processed on weekdays, so any EUR you send over the weekend won’t be processed until Monday.
  • SEPA transfers can take a while to be processed (up to 48 hours). However, all my deposits to Crypto.com have been credited in under 24 hours.
Overview of Option #1

  • Create a Crypto.com account. You’ll need to verify your identity, but they approved my submission in just a few minutes.
  • Create a Revolut account. Again, you’ll need to verify your identity.
  • Activate your EUR account in Revolut.
  • Deposit GBP (via UK bank transfer or debit card) to your GBP Revolut account.
  • Exchange GBP for EUR in Revolut (at the real exchange rate, instantly).
  • Send EUR from your Revolut account to Crypto.com.
  • Buy Stellar Lumens (XLM) with your EUR balance.

#2: Wirex

Wirex (Dark Green) Full Logo

Wirex provides crypto-friendly currency accounts which allow you to store, transfer, and exchange cryptocurrencies like Stellar Lumens (XLM) for GBP, EUR, and USD. They also provide one of the best crypto debit cards available in the UK.

You can buy Stellar Lumens (XLM) on Wirex with a UK bank transfer, debit card, or credit card. There are no hidden fees in the exchange rate, but you will be charged a flat fee of 1% when you buy or sell cryptocurrencies using its platform. This is slightly more expensive than Crypto.com, but it’s much easier and quicker.

Two things to keep in mind if you take this route:

  • You’ll need to verify your debit or credit card before you can use it on Wirex. This can take a few days. After it’s verified, you can deposit GBP with a debit or credit card instantly.
  • Wirex supports UK bank transfers via the Faster Payments Service (FPS). This means that you can send money from your bank and it’ll be credited within a few hours. I don’t tend to use this, as I find using a debit card more convenient.
Overview of Option #2

  • Create a Wirex account. You’ll need to verify your identity, but you’ll get approved quickly.
  • Deposit GBP (via a UK bank transfer or debit card) to your Wirex GBP wallet. You won’t pay any fees to do this.
  • Buy Stellar Lumens (XLM) with the funds in your GBP wallet. You’ll be charged competitive rates (just 1% in fees).

Best Stellar Lumens (XLM) Wallets

What Hardware Wallets Support Stellar Lumens (XLM)?

The following cryptocurrency hardware wallets support Stellar Lumens (XLM):

I’m a fan of the Ledger Nano S. It supports more cryptocurrencies than any other hardware wallets and is one of the cheapest options out there. In the UK, it costs just £60 including delivery.

To find out more about it, check out my Ledger Nano S Review (2020).

Where Can I Store Stellar Lumens (XLM)?

If you’ve bought Stellar Lumens (XLM) from Crypto.com or Wirex, you can keep it stored there. I’m a fan of Atomic Wallet, which is a multi-currency wallet that supports Stellar Lumens (XLM) and is available for desktop and mobile devices.

The official Stellar website has a list of software wallets that you can check out here. Two options which look decent are Solar Wallet and Lobstr.

Other Crypto Guides

Looking to find the best place to buy other cryptocurrencies?

Check out my other UK-orientated guides. They’ll walk you through how to buy other cryptocurrencies with a range of payment methods.

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