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Below is the Best10 Team's choice of the best Stellar Brokers & Exchanges available. We have narrowed the selection for you based on security, functionality, instruments, commissions and ease of use.
Best10 selects
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Stellar is a consensus-focussed blockchain cryptocurrency that shares similarities with the Ripple cryptocurrency and blockchain system. The similarities don't end there as the co-founder of Ripple is also the founder of Stellar - Jed McCaleb. It is a payment technology that wants to connect financial bodies in order to reduce costs and time drastically.
A lot of people don't like that Ripple is a centralized organisation. The co-founder of Ripple had other ideas. He founded Stellar as an alternative response. Stellar is an open source technology that isn't focused on institutional investors - like Ripple. It is focused on developing markets and the unbanked populations in order to help improve global access to banking facilities.
Stellar works on a decentralised payment structure. The biggest difference between Stellar and Bitcoin is a 'consensus protocol'. This means that the distributed ledger updates every 2-5 seconds across all nodes. Here are some of the unique selling points:
Stellar has one of the fastest processing networks.
Several companies have started to partner with Stellar. IBM is working with Stellar in providing South Pacific Islanders with access to a cryptocurrency blockchain payment system that will speed up cross-region bank transfers. Stellar have also partnered with Deloitte to work on a payment app. Furthermore, Stellar has announced a range of bank partners who are working on cross-border payment systems. These have yet to 'go live', so your ability to use Stellar remains limited.
We recommend you buy, sell or trade Stellar through a trusted broker. Our favourite is at the top of this page.
Risk Disclosure: Trading in financial instruments involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Before deciding to trade in financial instruments you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Best10Stockbrokers would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Best10Stockbrokers and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Best10Stockbrokers and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Best10Stockbrokers may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
