How to Buy Stellar Lumens (XLM) in the UK (2021)

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The cheapest way to buy Stellar Lumens (XLM) in the UK is via Binance with a GBP UK bank transfer. You’ll pay nothing to deposit GBP into your account with this payment method and pay maximum trading fees of 0.1%.

Another way to buy Stellar Lumens (XLM) in the UK is via Coinbase Pro. It allows you to buy Stellar Lumens (XLM) with GBP using a UK bank transfer, with maximum trading fees of 0.5%.

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.)
BinanceUK Bank Transfer< 1%
Coinbase ProUK Bank Transfer< 1%
KrakenUK Bank Transfer< 1%
Crypto.comSEPA Transfer< 1%
CoinJarUK Bank Transfer1%+
WirexUK Bank Transfer
SEPA Transfer
Debit Card
Credit Card
2.5%
BC BitcoinUK Bank Transfer5%

Binance, Coinbase Pro, and Kraken all have trading fees which are less than 1%. However, none of them currently allow you to buy Stellar Lumens (XLM) directly with GBP. This means that you’ll have to:

  • Deposit GBP using a UK bank transfer.
  • Exchange GBP for Bitcoin (BTC).
  • Exchange Bitcoin (BTC) for Stellar Lumens (XLM).

So even though you’re paying low trading fees, you’ll have to pay these fees TWICE and go through a little more faff.

A simpler and easier way to buy Stellar Lumens (XLM) is via CoinJar. This allows you to easily and quickly buy Stellar Lumens (XLM) and a dozen other cryptocurrencies with a UK bank transfer.

Read on to find out more about these few options.

How to Buy Stellar Lumens (XLM) in the UK

1. Binance

Binance logo over their trading interface

In 2021, Binance has more than 15 million users and has the highest reported trading volume. And I’m not surprised by that. It’s a cryptocurrency exchange that provides access to loads of cryptocurrencies and charges low trading fees (maximum of 0.1%).

They’ve recently added support for GBP deposits via UK bank transfers, debit cards, and credit cards. It’s FREE to deposit GBP using a UK bank transfer. It doesn’t take that long either, as Binance support Faster Payments – which means that GBP deposits should be credited within just a few hours.

You can’t buy Stellar Lumens (XLM) directly with GBP, so there is a little bit of extra work involved.

Overview of Option #1
  • Create a Binance account. You’ll need to verify your identity, but it shouldn’t take long to get sorted.
  • Send GBP (via UK bank transfer) to your GBP wallet on Binance.
  • Buy Bitcoin (BTC) with GBP on the BTC/GBP spot market (real exchange rate, max 0.1% fees).
  • Buy Stellar Lumens (XLM) with Bitcoin (BTC) on the XLM/BTC market (real exchange rate, max 0.1% fees).

If you do decide to buy Stellar Lumens (XLM) with a debit or credit card on Binance, be aware that you’ll pay significantly higher fees than this.

Head over to the Binance website to learn more.

Find Out More

2. Coinbase Pro

Instructions to limit buy bitcoin (BTC) on Coinbase Pro (Step 1)

Coinbase Pro is another popular cryptocurrency exchange in the UK where you can buy Stellar Lumens (XLM).

You can deposit GBP into Coinbase Pro using a UK bank transfer for FREE. Because Coinbase supports Faster Payments, I’ve also found that (after my initial transfer) my GBP deposits are credited to my Coinbase Pro account within minutes of being sent.

On Coinbase Pro, you’ll pay maximum trading fees of 0.5%.

Overview of Option #2
  • Create a Coinbase account. You’ll automatically get access to Coinbase Pro when you signup.
  • Send GBP (via UK bank transfer) to your GBP wallet on Coinbase Pro.
  • Buy Bitcoin (BTC) with GBP on the BTC/GBP market (real exchange rate, max 0.5% fees).
  • Buy Stellar Lumens (XLM) with Bitcoin (BTC) on the XLM/BTC market (real exchange rate, max 0.5% fees).

You can’t buy Stellar Lumens (XLM) directly with GBP, so you’ll have to pay two lots of trading fees. This means that you’re actually paying closer to 1% in fees when you follow this process.

Head over to the official website to learn more.

Coinbase ReviewOfficial Website

3. CoinJar

CoinJar allows you to buy Stellar Lumens (XLM) and other cryptocurrencies directly with GBP using a simple and intuitive interface.

And you won’t be ripped off for the added convenience. It charges a fixed fee of 1% whenever you buy or sell any cryptocurrency. However, I have noticed that the exchange rate is about 0.2% to 0.5% worse than what I can find elsewhere. This is something to keep in mind and check before you make your purchase.

The only payment method CoinJar supports for UK residents is a UK bank transfer. They support Faster Payments too, which means that GBP deposits are credited within minutes (after your initial deposit has cleared).

Overview of Option #3
  • Create a CoinJar account. It shouldn’t take long to get verified.
  • Send GBP (via UK bank transfer) to your GBP wallet on CoinJar.
  • Buy Stellar Lumens (XLM) with your GBP wallet balance. Simple as that!

CoinJar also has an exchange which more advanced users can use. This is a bit more intimidating if you’re a beginner, but using it unlocks access to much lower fees (0% maker, 0.2% taker).

Signing up and getting verified doesn’t take that long either.

CoinJar ReviewCoinJar Website

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 (2021).

Where Can I Store Stellar Lumens (XLM)?

If you’ve bought Stellar Lumens (XLM) from one of the options we’ve covered, then you can keep it stored there.

But you can withdraw it to a cryptocurrency wallet on your computer or mobile phone. 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

Thanks for checking out this guide to buying Stellar Lumens (XLM) in the UK!

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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