StellarTerm crypto exchange is an open-source trading client that allows users to access the Stellar DEX. In other words, it is like a gateway to the Stellar DEX. StellarTerm is built on the Stellar Network with a focus on the XLM token and other Stellar assets. The platform was launched in 2017. StellarTerm provides a wide range of trading features, including trading in real-time with direct access to Stellar DEX, asset-to-asset trades, and advanced trading.
StellarTerm cryptocurrency exchange is a decentralized exchange, and, as such, there are no restrictions on who can participate on the platform. It is, however, prudent to check your country’s regulatory stand on cryptocurrency trading activities before you proceed. In terms of KYC requirements, users just need to connect their crypto wallets to gain access to the platform. For accounts that perform large transactions, verification with government-issued identification cards may be necessary to withdraw and perform swaps as well.
Wallets supported by StellarTerm include WalletConnect, Ledger, Freighter, and Trezor.
Markets
All 56 StellarTerm trading pairs available are supported by XLM, which is the only market on the platform. StellarTerm crypto exchange supports only crypto-to-crypto pairs. Furthermore, it supports crypto deposits and purchases of crypto coins with credit or debit cards.
In terms of withdrawal and deposit fees, StellarTerm crypto fees are dependent on the network in question. This allows users to decide the best cost-effective way to carry out their transactions. There are charges on credit and debit card transactions. The estimated StellarTerm exchange fee for this type of transaction is 1% of the amount being purchased.
Additionally, users can swap between crypto assets using the Swap feature of the platform. This is a low-cost option for users who wish to perform swap transactions.
About the Company
StellarTerm was developed in 2017 by Ultra Stellar LLC, creators of the LOBSTR wallet. It was founded by Iris Li. Details about Iris Li are quite scarce online, but she is rumored to be experienced in cryptocurrency and blockchain technologies. The leading team is composed of several talented developers, finance experts, and marketers. However, Iris Li has left the platform and it is now administered by the LOBSTR team.
In January 2023, the StellarTerm trade volume fluctuated around $470,000. Though if you want to see the current StellarTerm volume, take a look above.
