How to Purchase Stellar (XLM) Using Defispot (SPOT)

To purchase Stellar using Defispot, start by finding a cryptocurrency exchange that offers the XLM/SPOT trading pair. Create an account, verify your identity, and deposit your SPOT into your exchange wallet. Then, locate the XLM/SPOT pair on the platform and place an order to trade your Defispot for Stellar. If the pair is unavailable, you can first exchange Defispot 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 Defispot (SPOT)

To sell Stellar for Defispot, first, find a cryptocurrency exchange that supports the XLM/SPOT trading pair. Create an account, verify your identity, and deposit your XLM into your exchange wallet. Locate the XLM/SPOT pair on the trading platform and place a sell order to exchange your Stellar for Defispot. If the XLM/SPOT pair is unavailable, you can first sell Stellar for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Defispot. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.