Sell Stellar Lumens

Broader trends in the crypto market will inevitably drag the price of XLM up and down. If Bitcoin, especially, experiences bearish or bullish spells, then you should expect to see that reflected in the price of Stellar Lumens.

You can sell XLM on crypto exchanges. Simply select one of the list above, sign up for an account, deposit your Lumens and you're ready to start trading.

A crypto exchange (or cryptocurrency exchange) is a marketplace where buyers and sellers trade cryptocurrencies. Just like regular stock exchanges, a cryptocurrency exchange serves as a middleman who sets the market price at which an equal number of buyers and sellers can be found.

There’s always risk associated with a decision to trade a volatile commodity like a cryptocurrency. If you sell at the wrong time, you risk missing out on gains. Don’t rely on consensus to make your selling decision, and be aware of the possibility that you might lose out.

Don't miss out on a good selling point and set a yourself price alert.

There are a few hidden fees associated with selling a cryptocurrency of any kind, and XLM is no exception. Sometimes, these fees are hidden in the price you’re selling at. Think about the fees charged by the exchange. If you want to compare your options before you come to sell Stellar Lumens, then you can do so with the help of Cryptoradar.

In most territories, selling your Stellar Lumens for a profit will incur capital gains tax. There are a few exceptions, like Singapore, but if you invest in Stellar Lumens with a view to selling it, this is something you need to bear in mind. Crypto tax software can help you calculate and file your taxes.