XLM (Stellar Lumens) is known for its fast, low-cost transactions, making it a popular choice for sending and receiving crypto. This article explains how XLM fees work and what to expect when using the Bitcoin.com Wallet app.
📑 Table of Contents
1. What is XLM (Stellar)?
XLM is the native asset of the Stellar blockchain, designed for fast, low-cost payments and asset transfers. Stellar aims to bridge traditional financial institutions with decentralized blockchain technology.
2. Why XLM Has Fees
Fees on the Stellar network serve two main purposes:
Prevent spam: A small fee deters network abuse.
Support the network: Validators are rewarded to keep the system secure and operational.
3. Types of XLM Fees
Fee Type | Description |
Base Fee | Charged for each operation in a transaction (e.g., send) |
Account Reserve | Minimum balance required to keep an account active |
Trustline Reserve | Additional reserve required when adding tokens |
4. XLM Fee Amounts in the Bitcoin.com Wallet
Here’s what you can typically expect when using the Bitcoin.com Wallet app for XLM:
Action | Estimated Fee |
Sending XLM | ~0.00001 XLM |
Creating a New XLM Account | Requires 1 XLM minimum |
Adding a Trustline | +0.5 XLM per asset |
💡 Note: The base transaction fee (0.00001 XLM) is far less than $0.01, making XLM one of the most economical cryptocurrencies to use.
5. Why You Might See a Fee Even for Small Transactions
XLM uses a minimum balance system. Each account must hold at least 1 XLM to be active. If your balance is too low, you may not be able to send funds until it’s topped up, and you could see an 'insufficient funds' error message.
6. How to Check or Adjust Fees
In the Bitcoin.com Wallet app:
Open your XLM wallet.
Tap Send and enter the recipient and amount.
The app will display the estimated fee before you confirm the transaction.
Fees are fixed and typically cannot be manually adjusted on the Stellar network.
7. Conclusion
Using XLM with the Bitcoin.com Wallet app is extremely cost-effective thanks to Stellar’s ultra-low fees. Just be aware of the minimum balance and trustline requirements as mentioned in the article above.
8. 🙋 Need Help?
In-App Assistance:
Open the Bitcoin.com Wallet app.
Tap “More” (located in the lower right corner of the screen).
Tap “Help & Support.”
Select “Speak with a support agent.”
Click the chat icon to connect with a live support agent.
Email Support:
You can also reach out via email at [email protected]. Our team is available 24/7 to assist you.