XLM - Stellar Lumens – Coinmetro Help Centre

What is Stellar (XLM)?

Stellar is an open-source network for currencies and payments. Stellar makes it possible to create, send, and trade digital representations of all forms of money—dollars, pesos, bitcoin, pretty much anything. It’s designed so that all the world’s financial systems can work together on a single network.

Stellar has no owner; if anything it’s owned by the public. The software runs across a decentralized, open network and handles millions of transactions each day. Like Bitcoin and Ethereum, Stellar relies on blockchain to keep the network in sync, but the end-user experience is more like cash—Stellar is much faster, cheaper, and more energy-efficient than typical blockchain-based systems.

How to Deposit XLM Into Your Coinmetro Account

For all information on how to deposit XLM into your Coinmetro account, please see the following help center article: How to Deposit XLM.

How to Withdraw XLM From Your Coinmetro Account

For all information on how to withdraw XLM from your Coinmetro account, please see the following help center article: How to Withdraw XLM.

Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be confirmed via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.

Withdrawals waiting for approval can be canceled and the withdrawal status can be found by selecting the Wallet on your Coinmetro Dashboard. Please note that already-approved withdrawals cannot be canceled. If there is no Cancel button visible, this unfortunately means the withdrawal can no longer be canceled, and you will find a transaction ID (TXID) instead. This is a link to the relevant transaction hash on a Blockchain Explorer website where the status can be checked further.