About Stellar & Where To Trade It

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1


eToro

5 Star Rating

9.9


  • $200 Min. Deposit
  • 24/7 Trading
  • Top Traders Program
  • CySEC & FCA Regulated

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2


IQ Option

9.8


  • £100 Min. Deposit
  • 24/7 Crypto trading
  • Buy in 1 Click
  • Free $10k Demo Act

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Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk.

Stellar’s Latest Price


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What is Stellar?

Stellar is a consensus-focussed blockchain cryptocurrency that shares similarities with the Ripple cryptocurrency and blockchain system. The similarities don’t end there as the co-founder of Ripple is also the founder of Stellar – Jed McCaleb. It is a payment technology that wants to connect financial bodies in order to reduce costs and time drastically.

Why the big fuss?

A lot of people don’t like that Ripple is a centralized organisation. The co-founder of Ripple had other ideas. He founded Stellar as an alternative response. Stellar is an open source technology that isn’t focused on institutional investors – like Ripple. It is focused on developing markets and the unbanked populations in order to help improve global access to banking facilities.

Stellar works on a decentralised payment structure. The biggest difference between Stellar and Bitcoin is a “consensus protocol”. This means that the distributed ledger updates every 2-5 seconds across all nodes. Here are some of the unique selling points:

  • Stellar doesn’t rely on ‘entire miner network’ systems
  • Stellar uses Federated Byzantine Agreement (FBA) algorithms to enable faster transactional processing – this is done by protecting a quarter of the network just for transactions
  • The node system works on the ‘trustworthy’ context whereby a node chooses a ‘set’ of nodes and once this set has validated a process, the approval is granted.

Stellar has one of the fastest processing networks.

What can I buy with Stellar?

Several companies have started to partner with Stellar. IBM is working with Stellar in providing South Pacific Islanders with access to a cryptocurrency blockchain payment system that will speed up cross-region bank transfers. Stellar have also partnered with Deloitte to work on a payment app. Furthermore, Stellar has announced a range of bank partners who are working on cross-border payment systems. These have yet to “go live”, so your ability to use Stellar remains limited.

Where can I buy, sell or trade Stellar?

We recommend you buy, sell or trade Stellar at a trusted broker. Our favourite is at the top of this page. You can read our reviews of the top brokers here.

Choose A Regulated Broker

eToro
24Option
IQOption
eToro

eToroeToro has an established reputation, especially amongst cryptocurrency traders. The option to automatically copy successful traders is particularly interesting for new traders. A new account is set up within minutes, and you can start trading with as little as $200 deposit.

VISIT SITE Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk.
24Option

24 Option24Option is optimally suited to trade cryptocurrencies. The low fees and easy trading make the broker interesting for beginners and more advanced traders alike. The fact that no wallet or software is needed helps newcomers take their first steps in trading.

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IQOption

IQ OptionWith their innovative trading platform, you can start building your crypto portfolio today on IQ Option. You can buy either with or without a wallet, which makes IQOption a great broker for buyers and investors alike.

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