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What is the difference?

Exchange Stellar Lumens to Ethereum Classic

What do you need to know?

  • ­ The average time to exchange XLM for ETC is from 1 to 2 minutes
  • ­ You need 1 confirmation of the XLM blockchain for the exchange
  • ­Need to enter Memo when sending XLM

A brief history of Stellar Lumens

Stellar is a publicly available decentralized marketplace with various assets in circulation. The platform also has its own open source cryptocurrency Stellar Lumens (XLM).

The currency is based on the Stellar Consensus Protocol (SCP), which is similar in principle to the BFT protocol of the Ripple platform, but has a significant difference — all network validators are equivalent, there are no central control nodes in the blockchain. XLM coin is more decentralized than Ripple, but less decentralized than Proof-Of-Work cryptocurrencies (such as Bitcoin and Ethereum).

What is a Memo and do I need to specify it?

When sending XLM, there is an additional Memo field. Memo is the ID of the payment. It is unique, and with its help the service identifies the sender and recipient. Be sure to include it when paying for the order.

If you forgot to enter a Memo or entered it incorrectly, write to our technical support. We will solve this problem.

Stellar Lumens network speed and fees

XLM is considered to be a fast blockchain. The transaction is confirmed in a few seconds. The fee is very small, on average 0.00001 XLM.

A brief history of Ethereum Classic

In 2015, the Ethereum platform was launched, which quickly gathered like-minded people interested in smart contract technology. In 2016, an attacker discovered a vulnerability with which he stole $50 million. After this event, a hard fork occurred, as a result of which two coins appeared — Ethereum with an updated protocol and Ethereum Classic as the initial version of Ethereum.

Ethereum Classic blockchain speed

The exchange requires 30 confirmations. Blocks on the ETC blockchain appear approximately every 13 seconds. Average exchange confirmation time is 6.5 minutes.

exchange in 3 easy steps

  1. Enter the desired amount of Stellar Lumens and write your wallet address to receive currency.
  2. Click the "Exchange now" button and you will be taken inside your order.
  3. Send Stellar Lumens to the address from your order, after the required network confirmation, Ethereum Classic will be sent instantly.