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Buy Stellar in 3 simple steps

Buy Stellar in 3 simple steps

Buy the currency of the future within minutes.

1

Create a Stellar wallet

Create an account with a corresponding wallet in which you can securely manage your digital currencies. Every customer is welcome to us. We aim to make digital currency accessible to everyone. You pay no fixed costs, registration is free.

2

Transfer amounts

Transfer an amount for the purchase of digital currency. This is easy thanks to the payment methods we support. For your protection we offer a modern security system and a professional team.

3

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Buy the currency of the future. At Bitvavo you can buy and sell digital currency directly from your Bitvavo panel without any technical hassle. Transactions are instantly processed by Bitvavo.


What is Stellar?

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Technical description

Stellar (in full: Stellar Lumens) is an open source protocol for the exchange of value carriers based on a blockchain technology that attempts to cooperate with governments and institutions.

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In other words...

Stellar is comparable to Ripple in the sense that the technology is not as decentralized as for example Bitcoin. However, it is open source, unlike Ripple.


When and why was Stellar developed?

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Non-profit

Stellar started 2014 from a non-profit organization called the ”Stellar Development Foundation”. The token that can be traded is called the Stellar Lumens (abbreviation: XLM).

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Based on Ripple

When it was launched, Stellar used the Ripple protocol. However, Stellar was split from this (”forked”) when the Stellar team decided that the protocol was not good enough.

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Fully rewritten

In April 2015, the entire code of the Stellar algorithm was rewritten. This renewed network went live in November of the same year.


What are the features of Stellar?

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Hybrid

Stellar is a hybrid blockchain technology that combines both public and private elements. As a result, anonymity remains guaranteed to a certain extent.

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Developing countries

Stellar has a focus on the third world where it tries to be an addition in a world without a reliable existing economic infrastructure.

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Different validation algorithm

Bitcoin uses ”Proof of Work” and other coins also use ”Proof of Stake”. Stellar uses a completely different algorithm that they have based on Ripple's algorithm.

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Reduced computing power

Stellar's validation algorithm requires less computational power than other blockchain technologies. This means less energy is needed and transactions can be confirmed faster.


Buy Stellar

Buy Stellar with ease on the platform of Bitvavo.

Want to buy Stellar without technical hassle? Bitvavo makes cryptocurrency accessible to everyone. Registration is easy and within minutes you own the currency of the future. You can access your own digital currency from anywhere you like thanks to our advanced platform. We do not use minimum amounts and joining Bitvavo is possible for everyone. At Bitvavo you can take advantage of rapidly growing technologies and buy and sell multiple digital currencies. Our mission is to offer digital currency in a secure, simple and accessible manner. If you have any questions, feel free to contact us. Our team consists of people with a passion for digital currency, and we are always willing to help you.

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