Buy, Sell, & Trade XLM
Exchange XLM with USD and Cryptocurrency
Many people are choosing to diversify their assets and get involved in new markets through cryptocurrency like XLM. Of course, before investing in and exchanging your XLM for USD, you need to be aware of its value. Rubix price charts make it easy to check current conversion rates.
What is XLM?
Lumen, or XLM, is the native cryptocurrency of a blockchain payment system called Stellar, which allows for the exchange of different currencies in one financial network. The market is capped at 50 billion, with 30 billion currently withheld by Stellar to be introduced into the market when necessary.
As of 2020, cryptocurrency has been used as a decentralized alternative to traditional fiat currencies (which are usually backed by some central government) such as the US dollar (USD). Meanwhile, cryptocurrency technology, including smart contracts and blockchain, has been used for a number of other purposes such as apps, cloud computing, and more.
As of September 2017, there were over 1,100 cryptocurrencies and the total market capitalization of all cryptocurrencies reached an all-time high surpassing $60 billion! Then, by December 2017, the total market cap reached $600 billion (a multiple of 10 in only two months).
Although the future is uncertain, cryptocurrency is proving itself to be more than just a fad. Today cryptocurrency is shaping up to be a growing market that (despite the pros and cons) is likely here for the long haul.
Who created XLM?
The first decentralized digital cryptocurrency can arguably be traced back to “bit gold” (not to be confused with Bitgold), which was worked on by Nick Szabo between 1998 and 2005 but was never implemented.
Although bit gold is widely considered the first precursor to bitcoin, cryptocurrency pioneer David Chaum’s company DigiCash (a company founded in 1989 which attempted to innovate digital currency), Wei Dai’s b-money (a conceptual system published in 1998 which Satoshi cites it in the Bitcoin white paper), and “e-gold” (a centralized digital currency that started in 1996) are all notable early mentions.
How do I exchange and Trade XLM
Users can convert their crypto token to USD by finding an exchange that deals both currencies and selling your crypto currency. Depending on the current exchange rate, fees and spreads that the exchange charges, users will withdraw a corresponding amount of USD. In fact, it fundamentally works the same way as any other currency conversion option. Rubix employs the latest safety measures and has a proven track record for fair, efficient transactions.
Exchange XLM using Rubix Swap
Rubix Swap allows you to easily trade Bitcoin and most major cryptocurrencies straight in your Rubix wallet. The trading is done completely on the backend of things. In fact, Rubix Swap settles the order books for you to minimize price slippage. This means that not only can you convert your crypto-assets to XLM near-instantly, but also at the most optimal price. Rubix Swap also supports fiat trading for XLM, allowing one to purchase XLM with major currencies like euros or dollars. Boasting both mobile and desktop platforms, Rubix Swap is an easy means of paying for products, sending money, and making bets with friends—all while knowing your funds are safe.