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 CoinZoom?
CoinZoom customers from eligible regions can buy XLM from CoinZoom and CoinZoom Pro. To see which regions support trading XLM, please see our Supported Digital Currencies page.
Purchased XLM will be displayed as an asset within your CoinZoom wallet in your Accounts page on CoinZoom.com or in the CoinZoom mobile app.
There is no minimum purchase amount of XLM on CoinZoom.
Can I send XLM to CoinZoom?
Yes, however, XLM utilizes Destination Tag technology and a Memo is required to send XLM to CoinZoom. Omitting or using an incorrect Destination Tag/Memo will cause a delay in crediting the transaction to your CoinZoom 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 CoinZoom. However, most exchanges charge a minimum of 2 XLM to send XLM. Sending XLM from CoinZoom requires a minimum send of 2 XLM.
Please note, CoinZoom 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 CoinZoom, customers must use the XLM memo associated with thier XLM CoinZoom wallet. Customers can send XLM from CoinZoom using a memo ID or memo Text.
For more information on how Memos work, please visit our help page.