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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.
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