Convert Stellar (XLM) to British pound (GBP)

Convert Stellar to British pound Across Multiple Blockchains

Transak lets you enjoy the flexibility and convenience of converting your Stellar (XLM) to British pound(GBP) across various blockchain networks.

Step-by-Step Process:

1. Select Your Blockchain Network

Start by choosing the blockchain network from which you wish to convert your Stellar. Transak supports multiple networks (based on the cryptocurrency), giving you the flexibility to choose the one that best suits your needs.

2. Enter Conversion Amount in XLM

Specify the amount of Stellar (XLM) you want to convert. Transak will display the equivalent amount of British pound you'll receive based on the current exchange rate and the blockchain network you selected.

3. Complete KYC Verification (if necessary)

Transak employs a multi-level KYC solution. Based on the amount of cryptocurrency you are selling and the region, you may be prompted to complete a quick KYC verification.

Full KYC-verified users do not have to undergo the check again in the future.

4. Choose GBP Payout Method

Enter the bank details or card information where you want to receive GBP. Ensure the details are accurate as money once transferred cannot be refunded.

5. Confirm Transaction and Transfer XLM

Review your details and click “Confirm.” Acknowledge the disclaimer and capture the provided wallet address. Transfer the specified amount of cryptocurrency to the wallet address. Select “I have paid” once the transaction is successful.

Convert Stellar to GBP with Visa

Visa is helping Transak enhance its global off-ramp service by implementing Visa Direct capabilities. This collaboration allows Transak users in over 162 countries to seamlessly convert their cryptocurrency holdings into local fiat currencies through real-time card withdrawals.

This partnership is a significant step towards the mainstream adoption of digital currencies, making it easier for users to access and utilize their crypto assets in the real world.

Read more about the Transak-Visa partnership here.

Why Convert Stellar to British pound?

Start by choosing the blockchain network from which you wish to convert your Stellar. Transak supports multiple networks (based on the cryptocurrency), giving you the flexibility to choose the one that best suits your needs.

Why Sell Stellar (XLM)?

Selling Stellar (XLM) is a personal decision and we encourage doing your own research. Below are a few reasons why users may choose to sell XLM:

• Realize Profits: If the value of your Stellar has increased since you acquired it, selling allows you to lock in those gains and convert them into spendable British pound.

• Liquidity Needs: Selling Stellar can provide immediate liquidity for other investments, paying bills, or covering unexpected expenses.

• Portfolio Diversification: Converting some of your crypto holdings for fiat can help diversify your investment portfolio, balancing the potential risks and returns.

• Regulatory and Tax Considerations: Depending on your jurisdiction, there might be tax advantages to selling XLM. Talk to a financial advisor for more information.