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 GBP UK bank transfer. You’ll pay nothing to deposit GBP into your account and absolutely no fees to buy Stellar Lumens (XLM). 0%.

Another way to buy Stellar Lumens (XLM) in the UK is via Wirex. 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 higher fees (2.5%).

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
2.5%
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’d 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. It’s now my preferred way of buying cryptocurrencies.

Another option is Wirex. It allows you to buy Stellar Lumens (XLM) and a handful of other cryptocurrencies quickly and easily with GBP. There’s a fixed fee of 1%, but they’ve recently added an additional fee (about 1 – 1.5%) to the exchange rate you’re offered.

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 with GBP.

They’ve recently started to accept GBP deposits via UK bank transfers. Because they support UK Faster Payments Service (FPS), you’ll pay nothing to deposit GBP and it’ll be credited within hours.

You can then just buy Stellar Lumens (XLM) using your GBP wallet balance. You’ll be provided with the real exchange rate and you won’t pay any fees to buy some.

The only downside of Crypto.com is that there’s a small fee to withdraw cryptocurrencies from your Crypto.com wallet. In this case, it’s not much of a problem – as it’s only equivalent to £0.007!

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.
  • Send GBP (via UK bank transfer or debit card) to your GBP Crypto.com wallet.
  • Buy Stellar Lumens (XLM) with your GBP balance (real exchange rate, 0% fees).

#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. They’ve added a small hidden fee into the exchange rate (about 1 – 1.5%) and you’ll also get charged a flat fee of 1% whenever you buy or sell cryptocurrencies.

Given that Crypto.com is cheaper than Wirex (and just as straightforward), I wouldn’t use Wirex to buy Stellar Lumens (XLM) anymore. 

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 pay approximately 2.5% 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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