ETH to XLM Exchange: Yay or Nay?

With a new token or coin releasing every now and then, the crypto world is diversifying. Many new investors and traders are entering the cryptocurrency arena. Out of the variety of coins, some are more popular and widely known than others. ETH and XLM are such examples. 

With Bitcoin, people were sceptical and did not believe in how much money this digital asset could make them earn. There was fear of losing the capital and no trust exchanges, but now people are developing more interest. Different exchanges are increasing their layers of security and making the transfer of these coins more secure. It has added more adoption to the cryptocurrency overall. Let’s now learn more about ETH and XLM investment opportunities and opt for either one or another (or even both).

ETH to XLM Exchange: Yay or Nay?

What is Ethereum (ETH)?

Ethereum is the second most popular cryptocurrency. It is built on its own blockchain, called the Ethereum blockchain. It is a decentralized ledger for the verification of transactions. All the transaction details are available for the public to see.

Ethereum is much different from many other crypto projects. It was not just built to serve as a source of payment but to allow the development, creation, modification, and working of different decentralized applications.

What is Ethereum (ETH)?

In terms of value, the ETH coin is second only to Bitcoin. The coin is used by investors as a store of value, by traders as the mode of payment, and on the network to pay gas and network fees. Bitcoin and Ethereum are considered the top cryptocurrencies gaining value throughout the time; many individuals choose Bitcoin between two for the long run. So, it’s always relevant to know where you can exchange ETH to BTC at the best rate instantly.

ETH can be exchanged for many other coins and is available on many exchanges. Such as you can buy XLM with Eth or vice versa. It is different from Bitcoin as Bitcoin is only there to act as a store of value and as a mode of payment. In contrast, ETH serves a lot of other purposes and boasts itself to be a programmable cryptocurrency blockchain project.

What is Ethereum?

What is Stellar Lumens (XLM)?

Stellar Lumens or XLM is a cryptocurrency and a blockchain network developed by the Stellar Foundation. The cryptocurrency is referred to as Lumens and is traded under the symbol XLM. The underlying Stellar lumens blockchain is an open-source, decentralized blockchain network that uses the public ledger for the verification of transactions.

In terms of value, XLM is one of the altcoins that have shown the best performance in the last 5 years. The current supply of XLM is around 2.5 billion, and the maximum supply is around 50 billion. It is one of the coins that form a trading pair with ETH, and many Stellar crypto exchanges have this trading pair. Thus, you can easily exchange ETH to XLM.

Stellar Lumens (XLM)

XLM vs ETH

The major differences of Stellar Lumens vs. Ethereum are given in the table below:

Ethereum

Stellar Lumens

Ranked 2nd on Coinmarketcap.com

Ranked 25th on Coinmarketcap.com

Market cap of around $477,322,660,776

Market cap of around $7,604,880,203

Circulating supply around 118,518,852.37 ETH

Circulating supply around 24.34B XLM

Supported by Ethereum blockchain

Supported by Stellar Lumen blockchain

Used as a store of value, mode of payment, and for the development of Dapps.

Used as a store of value and mode of payment

The current price is around $4,030.93

The current price is around $0.3126

XLM vs ETH

Why exchange ETH to XLM?

There are many reasons why many traders exchange ETH with XLM. ETH is a highly volatile coin. In cases of high market volatility, one may always want to decrease the percentage of loss by buying an asset at a lower price. In addition to that, a price ranging below 1$ XLM holds great potential of reaching up to 1$ soon; therefore, exchanging your ETH to XLM may prove fruitful.

As an investor, one should always diversify his portfolio. In this regard, buying an altcoin along with ETH or exchanging ETH to XLM can be a good portfolio diversification strategy.

Why exchange ETH to XLM?

How to exchange ETH to XLM or buy Stellar Lumens with Ethereum?

Two cryptocurrencies can be exchanged, bought, or sold on various cryptocurrency exchanges in the world. Swapzone is a popular platform that helps to trade ETH for XLM or XLM for ETH in a matter of a few clicks. Here, you can make an informed choice from 20+ providers. Users only have to follow these basic steps to convert Ethereum into XLM or vice versa.

Step 1. Launch Swapzone on your computer browser.

Step 2. In the “select pair” tab choose ETH as the coin that you wish to exchange to receive XLM.

Step 3. In the section “get up to” enter XLM.

Step 4. After you’ve entered these details along with the correct amount, Swapzone will provide you with a number of Stellar exchange offers from the exchange platforms it has partnered with.

Step 5. Go through the different offers and select the one that you want.

Step 6.  Once you’ve narrowed down an offer you want, select it and click on “exchange” to proceed.

Step 7. Do provide a wallet address to receive your Stellar coins. You may also provide additional details if you so wish. Click on “proceed to exchange” to initiate the process.

Step 8. Once the transaction begins, it may take a while before your coins show up in your wallet. Just give it a few minutes.

Step 9. The process will finalize and you will receive your coins at your wallet address. After this, just take a moment to rate the experience and leave behind an honest review.

FAQ about exchanging ETH to XLM

Users and consumers usually have a lot of confusion and questions when they try to convert their assets into other coins. Following are the most frequently asked questions about Ethereum to Stellar exchange:

What is better: Ethereum or Stellar?

Ethereum and Stellar are two different projects. Lumens is an altcoin which means it is directly affected by the changes in the value of Bitcoin and Ethereum is an entirely different project. Both have their own benefits in terms of acting as a store of value and mode of payment.

What is better: Ethereum or Stellar?

What is the real-time ETH to XLM exchange rate?

The real-time exchange rate is the rate at which one cryptocurrency can be exchanged with the other. The exchange rate on the Swapzone is updated very often. These exchange rates reflect the current prices but different exchanges have different rates depending on the supply and demand, mining rewards, and costs. At the time of writing, you can exchange 0.5 ETH for up to 6459.46142529 XLM on Swapzone.

What is the real-time ETH to XLM exchange rate?

Why is Swapzone the best place to exchange ETH to XLM?

Swapzone is the best place to exchange ETH to XLM because it provides a myriad of options both in terms of trading pairs and exchanges. On the platform, you can find different exchanges. Before exchanging any pair, you can compare the rates, fees, and swap timings to find the best option.

Since you have many exchanges listed on a single interface, you do not have to waste your time searching for different options separately to find the perfect exchange.

Why is Swapzone the best place to exchange ETH to XLM?What is Celsius Network?

What are the other options to buy Stellar?

Buying Stellar is not limited to the ETH/XLM pair. Rather you have a number of trading pairs when it comes to XLM. On Swapzone, you can buy XLM through the following other crypto pairs:

What are the other options to buy Stellar?

Conclusion

When looking for the best ETH to XLM converter, there can be no better option than Swapzone. It is an exchange aggregator, and therefore you get everything on a single platform. You can find instantaneous transfers and some of the best rates. One should strategically diversify their crypto investments, and the features of Swapzone can help them in doing so rather conveniently.

Conclusion