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Buy XLM on Coinbase

Table of Contents

Introduction

In order to engage in seamless TFT transactions on the Stellar network, it is essential to acquire XLM (Stellar Lumens) as a prerequisite. XLM serves as the native cryptocurrency of the Stellar network, enabling fast and low-cost cross-border transactions.

This section of the manual will guide you through the process of obtaining XLM using Coinbase Exchange, a reputable cryptocurrency exchange service. Coinbase offers a user-friendly platform that simplifies the buying, selling, and storing of various cryptocurrencies, including XLM.

By acquiring XLM, you will have the necessary funds to cover transaction fees on the Stellar network, ensuring smooth and efficient TFT transactions within your chosen Stellar wallet. While this guide focuses on Coinbase Exchange as the preferred exchange platform, please note that XLM can also be purchased from other exchanges that support it.

Follow the steps outlined in this manual to acquire XLM on Coinbase and lay the foundation for your TFT transactions. Let's get started on this crucial prerequisite to enable your seamless engagement with TFT on the Stellar network.

Prerequisites

  • Coinbase Exchange Account: You will need a Coinbase Exchange account to get started using Coinbase. Click here for the complete guide of getting started with Coinbase.

  • Fiat Payment Methods: Additionally, to purchase XLM (Stellar Lumens) on Coinbase Exchange, you will need link a fiat payment method to your Coinbase account, such as a linked bank account or a credit card. This fiat currency will be used to exchange for XLM. Click here for the complete guide of adding payment method to Coinbase.

Tutorial

Coinbase Exchange has taken steps to simplify the process of purchasing Stellar Lumens (XLM) by providing a this comprehensive XLM Purchase guide.

This guide offers detailed instructions on how to buy XLM directly from the Coinbase platform. By following the steps outlined in the guide, you can navigate through the buying process seamlessly.

Read about the difference in between Coinbase vs Coinbase Wallet here

Important Notice

Important Notice: Please be aware that this tutorial specifically focuses on buying XLM (Stellar Lumens) from the Coinbase Exchange on https://www.coinbase.com/exchange/, not the Coinbase Wallet. It is important to note that as of February 2023, Coinbase Wallet no longer supports XLM. However, rest assured that these two platforms, Coinbase exchange and Coinbase Wallet, are distinct and serve different purposes.

Remember to exercise caution and verify the compatibility of your chosen wallet or exchange with XLM before initiating any transactions. Keeping this distinction in mind will help ensure a seamless experience and prevent any potential confusion between the different platforms.

Withdrawing XLM From Coinbase to Your Stellar Wallet

After successfully purchasing XLM from Coinbase, you can begin the process of withdrawing your XLM to another Stellar wallet of your choice. This allows you to have full control over your XLM and engage in transactions within the Stellar network.

To learn more about the steps involved in withdrawing XLM from Coinbase to another Stellar wallet, click here. This resource will provide you with detailed instructions and guidelines on how to initiate the withdrawal process and ensure a smooth transfer of your XLM to your preferred Stellar wallet.

Get a TFT (Stellar) Wallet of your choice here!