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Stellar Lumens (XLM)

What is Stellar Lumens?​

Stellar Lumens (XLM) is a blockchain network designed for fast, low-cost global transactions and cross-currency transfers.

Here are 5 key points about Stellar:

Fast settlement: Transactions finalise within seconds using the Stellar Consensus Protocol (SCP).

Low fees: Transactions cost just a fraction of a cent, making Stellar highly cost-efficient.

Bridge currency: XLM acts as a bridge for exchanging assets between different currencies, both fiat and digital.

Decentralised governance: Operates through a global, open-source network of nodes.

Spam prevention: A minimum XLM reserve requirement ensures accounts remain secure and prevents spam activity.

Stellar on Wraith Wallet​

With Wraith Wallet, you can:

Buy XLM with debit/credit cards.

Store XLM securely (note: 1 XLM is required to activate a wallet).

Send and receive XLM natively.

⚠️ Important: The 1 XLM reserve requirement is a rule of the Stellar network. This amount is locked and cannot be spent once the wallet is activated.

How to get Stellar (XLM)​

Buy XLM directly in Wraith Wallet.

Receive XLM with your unique Stellar address inside the app.

📌 Note: Receiving XLM does not require a memo when using Wraith Wallet.

Transaction fees on Stellar​

Standard fee is 0.00001 XLM per transaction.

This very low cost helps prevent spam attacks.

Fees remain consistent and predictable.

💡 You can adjust fees in-app under Network Fee to customise your transaction speed.

Checking balances​

Wraith Wallet connects directly to the Stellar network to show your XLM balance. You can also select View on Blockchair to see your wallet activity on-chain.

Blockchair is the default Stellar explorer integrated with Wraith Wallet.

Why choose Wraith Wallet for Stellar?​

Simple and intuitive: Easy for beginners while powerful enough for experienced users.

Self-custody security: You control your private keys and assets at all times.

Active development: Regular updates add features and improve functionality.

Summary Stellar Lumens makes international payments fast, affordable, and reliable. With Wraith Wallet, you can buy, store, and manage XLM securely while taking advantage of one of the cheapest and most efficient payment networks in crypto.

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