Lightning cryptocurrency exchange
Stellar is a publicly available decentralized marketplace with various assets in circulation. The platform also has its own open source cryptocurrency Stellar Lumens (XLM).
The currency is based on the Stellar Consensus Protocol (SCP), which is similar in principle to the BFT protocol of the Ripple platform, but has a significant difference — all network validators are equivalent, there are no central control nodes in the blockchain. XLM coin is more decentralized than Ripple, but less decentralized than Proof-Of-Work cryptocurrencies (such as Bitcoin and Ethereum).
What is a Memo and do I need to specify it?
When sending XLM, there is an additional Memo field. Memo is the ID of the payment. It is unique, and with its help the service identifies the sender and recipient. Be sure to include it when paying for the order.
If you forgot to enter a Memo or entered it incorrectly, write to our technical support. We will solve this problem.
Stellar Lumens network speed and fees
XLM is considered to be a fast blockchain. The transaction is confirmed in a few seconds. The fee is very small, on average 0.00001 XLM.
Monero is the most anonymous cryptocurrency
Monero runs on the CryptoNote algorithm, unlike public blockchains (e.g. Bitcoin, Ethereum etc.), when sending it, you can not see the sender, the recipient, or even the amount that was sent. This is possible due to the use of Ring Signatures and Stealth Addresses technologies.
What to do if you did not receive Monero after the exchange?
First, make sure that the order contains data about the transaction sent. In case there is no transaction data, try to wait a bit or contact technical support. Due to the fact that in the Monero network updates from November 30 at the protocol level, funds are blocked until 10 network confirmations are received, delays in payment may sometimes occur.
Secondly, check the synchronization of your Monero wallet. The last block in the wallet should correspond to the number indicated on the MoneroHash website in the “Blockchain Height” field of the “Network” block. If not, try restarting your wallet.
If the order contains the data of the transaction we sent, the wallet is synchronized, but the transaction is not visible in the wallet, contact technical support to request a private viewing key to decrypt the transaction and confirm the sending of funds.
When can I use the resulting Monero?
As mentioned above, in the Monero network updates dated November 30 at the protocol level, funds are blocked until 10 network confirmations are received. That is, until the transaction receives 10 confirmations, it will not be possible to use the funds received. On average, a transaction receives 10 confirmations within 20 minutes.
Transaction processing speed
The average block release time is about two minutes. But sometimes delays do occur, and the block exit time can take 10-20 minutes.
exchange in 3 easy steps
- Enter the desired amount of Stellar Lumens and write your wallet address to receive currency.
- Click the “Exchange now” button and you will be taken inside your order.
- Send Stellar Lumens to the address from your order, after the required network confirmation, Monero will be sent instantly.