Stellarterm assets are subject to high market risks and volatility. Past performance is not indicative of future results. Investments in blockchain assets may result in loss of part or all of your investment. StellarTerm does NOT endorse ANY asset on the Stellar network. Please do your own research and use caution.
StellarTerm does not endorse any of these issuers. They are here for informational purposes only.
To get listed on StellarTerm, please read the instructions on GitHub. StellarTerm is an interface for accessing the Stellar Network. While this technically makes it something different than a cryptocurrency exchange.
Stellarterm does bare some resemblance to other trading venues. This review will not focus on the principle features and potential of Stellar, but look at the current iteration of StellarTerm, form a trader’s perspective. Some of the technical terms may be oversimplified.
|Number of currencies handled
||Over 25 types
Stellarterm Account Registration Method
- First, click “Sign Up” in the upper right corner from the Stellarterm top page
- Then set up your email address and password.
- After setting the mail address and password, click “Get code”
- Since an e-mail code is sent to the registered e-mail address.
- If you click “Get code”, there is a time limit of 60 seconds, so let’s input within 60 seconds.
- Finally, check the agreement of the terms of service and check “Sign Up” and register your account with Stellarterm .
How It Work Stellarterm
The internet is made up of network servers containing Stellar Network’s data, websites, and applications. Just like the internet, Stellar comprises decentralized servers in multiple locations to power a distributed ledger, which records every transaction in the system for people and companies. A complete copy of the global ledger is available on each Stellar server.
Since any entity can run a server, the network becomes more robust with more servers. The Stellar servers communicate with each other directly to verify transactions and to synchronize the ledger after every two to five seconds, in a mechanism known as consensus. The ledger records your money as credit, which is issued by anchors, which serve as bridges between a given currency and the Stellar Network. Examples of real-world anchors include banks and payment processors.
The most Powerful distinguishing feature of this “non-exchnage” is the fact it allows you to participate in what can effectively be called a decentralized exchange. StellarTerm only provides the interface and has nothing to do with the trading environment.
No Extra Fees
Unlike other companies which provide access to decentralized exchanges, StellarTerm is a non-profit and does not charge clients anything for the service. The low costs of trading on the Stellar Network are one of its main advantages. One would have to pay 100 stroops (that is, 0.00001 XLM) per transaction.
Accessing the entire Stellar Network means exactly that – being able to trade all the assets available. They mention this point just to list the more popular coins supported: BTC, ETH, XRP and OMG. Additionally all the tokens are supported (which still aren’t as numerous as the ones on the Ethereum system). Trading is done vs XLM and there are a few fiat currency tokens available.
StellarTerm does not track your actions on this client.
StellarTerm does not store cookies and the website does not contain any analytics scripts.
StellarTerm developers never see your private keys.
While StellarTerm does not track you, this does not mean your actions are private. Take note of other privacy issues that may affect you:
- Stellar is a public ledger. Anyone can see anything that happens on the network.
- Your inflation vote is publicly visible.
- Your computer might be compromised.
- The StellarTerm website might be compromised.
Your own responsibilities
You, the user, are solely responsible for ensuring your own compliance with laws and taxes in your jurisdiction. Cryptocurrencies may be illegal in your area. You, are solely responsible for your own security including keeping your account secret keys safe and backed up.
Is it safe to use Stellarterm
Stellarterm enforces two-factor authentication (2FA) to protect your account. So users have to verify that they actually are the account holder before they can log in. The use of 2FA means you get extra security against any hacking attempts. It also helps in decreasing the risk of identity theft.
The Information Presented Here Does Not Constitute Investment Advice Or An Offer To Invest. The Statements, Views, And Opinions Expressed In This Article Are Solely Those Of The Author/company And Do Not Represent Those Of Coinworldstory. We Strongly Advise Our Readers To Do Your Own Research (DYOR) Before Investing In Any Cryptocurrency, Blockchain Project, Or Ico, Particularly Those That Guarantee Profits. Furthermore, Coinworldstory Does Not Guarantee Or Imply That The Cryptocurrencies Or Projects Published Are Legal In Any Specific Reader’s Location. It Is The Reader’s Responsibility To Know The Laws Regarding Cryptocurrencies And Icos In His Or Her Country. Please Respect Your Country Law & Take Advice From Your Advisor .