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 Lumens)?
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.
Maintain balance in the system: The lumens collected from transaction fees are removed from circulation (placed in a locked account, not accessible by anyone), helping prevent misuse and maintain network integrity.
Prioritize transactions during surge pricing: Fees also help determine which transactions are processed first when the network is congested.
3. Types of XLM Fees
Fee Type | Description |
Base Fee | The base fee is the multiplier used to calculate transaction costs (base fee × number of operations). However, the actual network fee may vary depending on factors such as network traffic and resource usage |
Network Fee | (Or transaction fees) are charged per transaction based on the number of operations, traffic, and resources consumed (resources apply mainly to smart contract transactions) |
Account Reserve | A minimum amount of XLM you must keep in your account so it stays active. This amount increases slightly as you add more features (like trustlines or offers) |
Trustline Reserve | An extra amount of XLM that must be locked in your account whenever you add a new token (other than XLM) that you want to hold |
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?
The Bitcoin.com Support Team is available 24/7 to assist you.
🖥️ Web Support (Help Center):
Visit support.bitcoin.com
Tap the chat icon in the lower-right corner
Select Ask a question to start chatting
📱 In-App Assistance:
Open the Bitcoin.com Wallet app
Tap More (bottom-right corner)
Select Help & Support
Tap Speak with a support agent
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