Stellar Lumens (XLM) FAQ

What is Stellar Lumens (XLM)?

XLM is the cryptocurrency used by the Stellar distributed ledger, which facilitates cross-asset transfers of value. XLM can function as an intermediary currency in transactions involving different currencies in use on the XLM network.

How do I buy XLM on Coinbase?

Coinbase customers from eligible regions can buy XLM from Coinbase and Coinbase Pro. To see which regions support trading XLM, please see our Supported cryptocurrencies page.

Purchased XLM will be displayed as an asset within your Coinbase wallet in your Portfolio page on Coinbase.com or in the Coinbase mobile app.

There is no minimum purchase amount of XLM on Coinbase. 

Can I send XLM to Coinbase? 

Yes, however, XLM utilizes Destination Tag technology and a Memo is required to send XLM to Coinbase. Omitting or using an incorrect Destination Tag/Memo will cause a delay in crediting the transaction to your Coinbase account. Under certain circumstances, these funds may not be creditable.

For more information on Memos, visit our help page.

Is there a minimum amount to send?

There is no minimum amount required to send funds to Coinbase. However, most exchanges charge a minimum of 2 XLM to send XLM. Sending XLM from Coinbase requires a minimum send of 2 XLM. 

Please note, Coinbase does not support Federation for XLM.

What is a Memo?

A memo is type of Destination Tag that is used with XLM transactions. To send XLM to Coinbase, customers must use the XLM memo associated with thier XLM Coinbase wallet. Customers can send XLM from Coinbase using a memo ID or memo Text.

For more information on how Memos work, please visit our help page.