How to Purchase Stellar (XLM) Using BlockFi (BFI)
To purchase Stellar using BlockFi, start by finding a cryptocurrency exchange that offers the XLM/BFI trading pair. Create an account, verify your identity, and deposit your BFI into your exchange wallet. Then, locate the XLM/BFI pair on the platform and place an order to trade your BlockFi for Stellar. If the pair is unavailable, you can first exchange BlockFi for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Stellar. Be aware of potential exchange fees, which can vary by platform and impact the total cost of your transaction.
How to Exchange Stellar (XLM) for BlockFi (BFI)
To sell Stellar for BlockFi, first, find a cryptocurrency exchange that supports the XLM/BFI trading pair. Create an account, verify your identity, and deposit your XLM into your exchange wallet. Locate the XLM/BFI pair on the trading platform and place a sell order to exchange your Stellar for BlockFi. If the XLM/BFI pair is unavailable, you can first sell Stellar for a stablecoin like Tether (USDT) or a fiat currency, then trade that for BlockFi. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
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