What is Stellar & Where To Trade It

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

Broker
Features
Our Score
Visit Site
Best Provider 2021
  • $200 Min. Deposit
  • 24/7 Trading
  • CySEC & FCA Regulated

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Most Popular Choice
Visit Broker
Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees.
3000+ Stocks
$200 Minimum Deposit
Mobile App
  • No.1 trading app in the UK and Germany
  • Regulated by FCA
  • Zero commission stock trading service

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Most Popular Choice
Visit Broker
Your capital is at risk
10K+ Global Stocks
$10 Minimum Deposit
Mobile App
  • Low spreads
  • No commissions
  • Fast execution.

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Most Popular Choice
Visit Broker
Your capital is at risk. Other fees may apply.
2000+ Instruments
£100 Minimum Deposit
Mobile App
  • Currently unregulated
  • Low trading fees
  • Mobile and desktop apps available
  • Registered in Saint Vincent and the Grenadines

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Most Popular Choice
Visit Broker
Your capital is at risk
All Main Cryptos
$100 Minimum Deposit
Mobile App

What is Stellar?

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.

Why the big fuss?

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 doesn't rely on 'entire miner network' systems
  • Stellar uses Federated Byzantine Agreement (FBA) algorithms to enable faster transactional processing - this is done by protecting a quarter of the network just for transactions
  • The node system works on the 'trustworthy' context whereby a node chooses a 'set' of nodes and once this set has validated a process, the approval is granted.

Stellar has one of the fastest processing networks.

What can I buy with Stellar?

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.

Where can I buy, sell or trade Stellar?

We recommend you buy, sell or trade Stellar through a trusted broker. Our favourite is at the top of this page.

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