Find out more about Crypto.com Coin and Stellar and their functionality potential. Check what crypto exchange is more suitable for buying and selling nowadays.
Best Place to Exchange Crypto.com Coin and Stellar
The cryptocurrency market offers more than 17,000 coins for investors. Some of them provide entire networks with their own blockchains and exchange platforms. When it comes to exchanging Crypto.com Coin and Stellar, there are many reliable websites you can use. Which places are the best for exchanging CRO and XLM? Read below.
Functionality of XLM
Stellar, or XLM, is the name of the coin launched by the Stellar Development Foundation. You can trade this coin via most exchange platforms or using the Stellar network. This distributed ledger is based on blockchain technology and works as a bridge that connects financial institutions and payment systems with businesses and investors. It has low transaction fees and aims at moving assets across borders faster than traditional financial institutions.
The greatest advantage of XLM is its affordable and fixed fee. Every transaction you make with Stellar will cost only 0.00001 XLM. Considering the low price of the coin (about $0.2 in February 2022), charges are minor compared to those of more popular cryptocurrencies such as ETH or BTC.
The current market capitalization of XLM is higher than $5 billion, making it one of the biggest cryptocurrencies available. Also, the maximum supply of the coin is strictly limited, which makes it a real hedge against inflation.
Functionality of CRO
Crypto.com Coin (CRO) is a token created by the financial company Crypto.com. This cryptocurrency operates on a decentralized, open-source blockchain called Crypto.com Chain. The goal of the coin was to make cryptocurrency more common among regular users.
For example, by making purchases with CRO, users get cash-back rewards equal up to 8% of money spent. Also, there is an opportunity to get an annual interest by staking Crypto.com Coin.
The security of CRO is guaranteed by the Ethash function (an algorithm of the proof-of-work mining) because the Crypto.com chain is based on the Ethereum blockchain.
The total supply of CRO is strictly limited. There are over 25 billion coins in circulation (February 2022), and the maximum supply is around 30.2 billion.
Best Exchange Platform for Crypto.com Coin and Stellar
If you decided to buy Crypto.com Coin or Stellar, or trade XLM to CRO, you need to select a suitable exchange platform first. Your user experience and even the profitability of trading depends on this decision. While searching for a convenient service provider, you should be paying attention to the range of cryptocurrencies available.
When choosing the best exchange platform, you should pay attention to the following must-have features:
- Variety of exchange pairs
- Reasonable fees and rates
- Strong security measures in place (SSL encryption, 2F-authentification, cold storage, physical server protection, etc.)
- Variety of depositing and withdrawal options
- Certification and awards
- Usability and easy access
Here is a list of a few reliable exchange platforms:
- ChangeNow
The main features of ChangeNow are limitless transactions, over 50,000 crypto pairs available, and an average exchange time of 5 minutes. Also, the platform supports around 50 fiat currencies.
- LetsExchange
This platform provides a variety of available cryptocurrencies (more than 350) with limitless trading and without Know Your Customer (KYC) requirements.
- Godex
There are 300+ crypto assets for trading. Godex does not ask for personal information, offers fixed rates, and does not set exchange limits.
- Kucoin
This exchange also has a built-in social platform with over 10 million investors. It covers more than 200 countries with a total trade volume of around $600 billion.
- Alligat0r
The platform is totally anonymous and does not subject users to hidden fees. Alligat0r also provides the possibility to compare swap offers with a few clicks. It has more than 280 cryptos available.
Some of those platforms provide users with wallets to keep crypto, while others are non-custodial.
But, investing in cryptocurrencies is not possible without having a wallet. Also, for each crypto you want to buy, you have to get separate storage. For example, the best Tether USDT wallets are detailed in this post:
https://godex.io/blog/crypto-currencies/best-tether-usdt-wallets-for-various-purposes-godex-io
To Sum Up
Both Crypto.com Coin and Stellar are not as popular as other, more well-known cryptocurrencies. But still, you can buy both assets on many exchange platforms.
An XLM to CRO swap can be easy, fast, and completely anonymous if you use the specified above platforms. However, you should still keep in mind that trading crypto is risky because of the volatile nature of cryptocurrency.