Stellar Lumens (XLM) were created to streamline payments by offering near-instant transactions and super-low transaction fees. There’s no way to purchase XLM with fiat currency, but Stronghold customers may purchase Lumens with Stronghold USD (USDS), our asset-backed U.S. dollar token.
1. Create a Stronghold account
First, create your Stronghold account. Submit a photo ID to complete the account verification process — after we’ve confirmed your identity, you can start trading.
2. Buy Stronghold USD
After we’ve verified your ID, log in to your Stronghold account, browse to the Trade page and click “Stronghold USD.”
On the next page, click “Deposit,” and select a preferred payment method:
- Bank Transfer: U.S. customers only
- Wire Transfer : U.S. and international customers
Click “Start” to begin the deposit process and enter your banking details — as soon as your account is approved to hold USDS, we’ll send you an email.
3. Buy XLM with USD
Once you have a balance of Stronghold USD in your wallet, return to the Trade page and select the XLM/USD market from the drop-down menu.
Fill in the order form with the price you’re willing to pay and the amount of XLM you want to purchase, then click “Place Buy Order.”
After your order is placed, it will appear with “My Open Orders.” When the order is filled, you’ll see your XLM balance listed in your Stronghold wallet on the My Wallets page.
If your order remains open for an extended period, you may want to adjust your price; orders with the lowest ask tend to execute quickly.
If you have any questions about trading on Stronghold, start here.