How to cash-in and cash-out of Stellar Network?

Abeeha Saeed
4 min readApr 20, 2021


Cyrptocurrency is a complex subject matter and a major problem is that there doesn’t seem to be much information out there to act as a comprehensive guide especially when we talk about Stellar Lumen in specific. Whether you’re looking to buy or looking to sell or simply looking to understand Stellar to avoid falling prey to fraudulent schemes, we’ve made a comprehensive guide on how to cash in and cash out of the Stellar Network.

Cashing out Stellar Lumens

If you’re hoping to sell your XLM and exit the Stellar Network, this is how you can go about it:

If you’re looking to cash out and sell your XLM you’ll need to find a cryptocurrency exchange that will support fiat transfer. If you’re based in USA there are two popular and safe crypto options that you can look at, namely Binance and Coinbase. Both of these platforms are known to support crypto trading whilst using fiat as the medium.

Between the two, you will need to register yourself on the platform in order to complete the first step of the process.

Once you’ve registered yourself, you move onto the next step which is very crucial and so you need to pay close attention. Stellar users will need to transfer their Lumens from their wallet into the exchange wallet and this is how:

  • On the exchange you’ll need to identify the deposit panel.
  • Once you do so, search for XLM on the cryptocurrency list.
  • When you’ve gotten the deposit address, you can transfer your Lumens to the address.
  • If you want to avoid having to go through the exchange’s support when getting your XLM back, you will need to enter the memo from your wallet.

Once these steps are complete, you can easily sell off your XLM for fiat. You can easily do this by clicking on the Trade option and then selecting Stellar Lumens. You will have to mention the account for money withdrawals.


In case you find this a slight bit too complicated for your liking, the good news is that there is an alternative way to cash out. You can simply convert your XLM to digital dollars. This basically means that rather than cashing out to your bank, you can convert to Anchor USD. This is a Stellar asset and is pegged to USD. In order to go down this route, you’ll need to join a SDEX such as the StellarTeam and then trade. If you check out the Stellar network, you’ll find a number of stable coins such as the Euro Token or Nigerian Token.

Cashing in Stellar Lumens:

What if the situation is reversed and you’re looking into entering the market rather than leaving it? Here is a guide on how to cash in Stellar Lumens.

To start off with, you have two options when it comes to cashing in. You can either do so by using fiat or by trading through cyrptocurrency.

Using Fiat:

If you wish to invest in Lumens and buy them using fiat miney such as EUR or USD the first step that is needed it for you to register on platforms such as Coinbase or Binance. These are crypto platforms where you will place your order. We would advise that once you place your order you move your fiat assets off the exchange.

Once you’ve made your purchase you’ll need a wallet to store the Lumens in and so you’ll need to invest in a crypto wallet before your order is complete. Suggestions include Trezor One and Ledger Nano S. You can also opt for a XLM wallet and all you have to do is create a new account. Just make sure to keep your private key safe.


The other alternative is to skip using fiat money and trade in cryptocurency. A popular option is to trade via Binance which is a popular exchange. Although Binance doesn’t use fiat money for deposits which means you cant use your bank cards, it does have 100 different coins to choose from to trade and trading in crypto is free. Binance is also very secure.

Another popular option is Poloniex. Again you cant use your bank cards but you have a wide range of cryptocurrency to choose from and the more you trade, the lesser your transaction fee!


This is perhaps the most simple way to explain a the complex world of Stellar Lumens. We hope this helped you make an informed decision!