We love Stellar Lumens at Dr Modafinil; if you are not familiar with it you should check them out; there is a lot to love about this exciting project. I find, there is nothing not to like about Stellar. It benefits from the following:
- It is a platform and not just a copy of another crypto-currency, so it serves a purpose. With the Stellar network, people can build smart contacts into their applications.
- Not only is it a platform it is an open source platform which is essential to trust and security.
- The proof is not only in the excellent documentation which as a developer I can sing its praises but at all the huge companies which are getting involved with Stellar (IBM, Deloitte and Stripe, to name a few) is a leading indicator to this being a great platform and cryptocurrency.
- It is extremely fast; the average payment takes less than 5 seconds and costs fractions of a penny.
For all the above reasons Stellar was the favourite Cryptocurrency for us to accept at Dr Modafinil! We are more than happy to accept Stellar (XLM) as payment and can only encourage you to buy Modafinil with Stellar.
About Stellar (XLM)
The Stellar network is an open source network, distributed and owned by the community that is used to facilitate value transfers between assets. Stellar aims to help promote the transfer of value of cross-asset to a fraction of a cent, while aiming to be an open business system that offers people from all income brackets access to affordable financial services. Stellar can manage exchanges between cryptocurrencies and fiat-based currencies.
Stellar.org, the organisation that supports Stellar, is centralised as XRP and is designed to process cross-platform transactions and microtransactions such as XRP. However, unlike Ripple, Stellar.org is not for profit, and its platform is open source and decentralised. By using its Lumens interim currency (XLM), a user can send any money he owes to any other person in another currency.
History of Stellar (XLM)
Stellar was established by Jed McCaleb in 2014. McCaleb is also the founder of Ripple and co-founder of Mt. Gox, which he sold way before the famous hack at Mt Gox; they launched the Stellar network system with attorney Joyce Kim. Stellar is also a payment technology that aims to connect financial institutions and drastically reduce the cost and time required for cross-border transfers. Both payment networks initially used the same protocol.
Where and How to Buy Stellar Lumens
Stellar is not the easiest cryptocurrency to buy, but it is more comfortable than most, and due to the quick transaction it is easy and quick to get confirmation, usually instant.
Purchase stellar lumens (XLM) in 3 steps:
Step # 1 – Get a stellar wallet
To store your lumens, you will require a wallet that can hold them. There is one that is compatible with Stellar; however, only one wallet with a good reputation admits both Stellar Lumens and other cryptocurrencies.
A bitcoin wallet that uses a physical piece of hardware to operate and keep it safer. Examples of hardware portfolios are TREZOR, LedgerWallet and Keep key. A hardware wallet is usually safer since it is considered a form of cold storage.
If you are searching for a wallet containing lumens (along with other currencies such as Bitcoin, Ether and Ripple), you will not find many better options than the Nano Ledger S. This wallet pocket hardware is excellent, and its friendly nature for the user makes for a happy cryptographic life. If you cannot afford a hardware wallet, Foxlet is an open source desktop wallet that can hold XLM. It permits you to encrypt your secret key and store it as a file locally on your computer.
Once you have your wallet, you will need an XLM address. Your XLM address is a long string of characters, all uppercase that start with a “G”. For example:
Step 2: Buy Stellar Lumens
The lumens carry the ticker symbol XLM, which was recently changed from STR. It is possible that some exchanges have not updated this change; therefore, check both when looking for transactions.
Buy Stellar through eToro
The simplest way to buy Stellar Lumens would be through eToro. It is essential to distinguish between real exchanges that allow you to purchase and maintain your lumens and platforms as eToro only enables you to speculate on the price (i.e., you can not remove coins). Amidst eToro you can buy/sell lumens for fiduciary currency (i.e., dollars, euros, etc.). IMPORTANT! If you use eToro, you do not need a Stellar wallet, since they do not provide you with real coins. Also, Cryptocurrencies can fluctuate widely in prices and are not appropriate for all investors. Any EU regulatory framework does not supervise cryptocurrencies. So have in mind that your money is at risk.
Buy Stellar With Fiat Currency (credit card).
The best way to buy Stellar Lumens (XLM) with Fiat currency is through CEX. The veteran cryptocurrency exchange with headquarters in London has existed since 2013 and offers fast and effective service. A convenient way to buy stellar lumens. Unlike most other options, CEX can accept deposits through a credit card as well as a debit card. For more advanced users, there is the option of using Kraken, Bitcoin exchange has expanded its selection of currency, and is a popular choice, although the system can sometimes be pretty latent.
Buy with Bitcoin or ethereum Stellar (change BTC / ETH by XLM) If you already have Bitcoin (BTC) or Ether (ETH), you can also exchange them for XLM in crypto to exchanges such as Binance. Other reputable exchanges that support the exchange of BTC or ETH to XLM include Bittrex and Poloniex
Step 3: Remove your lumens
If you bought Stellar Lumens in a bag, be sure to remove them to your wallet. Keeping your lumens in an exchange exposes you to the risk of pirouettes, theft and insolvency (from the exchange).
Buying Modafinil with Stellar, Stellar Lumens, XLM or whatever you want to call it is a breeze on our site, just add the items you wish to buy to your basket, when you choose to pay with Cryptocurrencies select Stellar from the list where you will be met with a unique payment address or just scan the QR code. You Buy Modafinil with Stellar the same way as you would pay with Bitcoin, Ethereum, Bitcoin Gold, Bitcoin Cash, Monero, Dash or Litecoin, it is easy to pay for Modafinil using Stellar XLM with us!
If you do have any queries about it though, don’t hesitate to Contact Us!