StellarTerm

All these products have been designed for the members of the Stellar community as they serve to empower the Stellar DEX. At this, the mission of the company is to contribute to the global market by introducing fast, cheap, and borderless payments. The goal of StellarTerm is to make one more step to the environment, where fiat money, bonds, stocks, and cryptocurrencies can be exchanged within a single network.

The StellarTerm platform

Stellarterm represents a web application that runs in a browser. It means that its users don’t have to download any desktop apps to use the system. Besides, transactions are signed locally so there is no necessity to share private keys with the central server. A desktop version is also available for those who are accustomed to using such type of software. One may find Windows, macOS, and Linux apps on the official Github page of the project. The software is not equipped with the automatic update feature, though, so users should take care of updating the software on time themselves.

The platform publishes documents under Apache License 2.0. With open-source code available on GitHub, the project is open to community suggestions. Thus, any programmer with relevant experience can review the latest version of the code and suggest changes to improve the work of the facility. At this, the code is self-contained in the downloads.

Despite the simplicity of the interface, StellarTrem offers rich functionality to the members of its community. There are hundreds of different cryptocurrency pairs that can be traded in real-time. Besides, the platform provides live stats, orderbook, and relevant prices. The functionality of StellarTerm allows switching markets seamlessly as it is possible to edit and manage live offers. Users can also take advantage of the transaction history, the list of their current orders, and a convenient notification system. The built-in TradingView graphs make it easy to perform the technical analysis without leaving the platform. The service offers easy-to-read charts for beginners, while professional traders can rely on more sophisticated instruments. It is possible to make use of different types of graphs including line charts, candlesticks, and bar charts. Needless to say that all of them come with numerous stats, indicators, and axis types.

Stellarterm security and customs support

Since the exchange is noncustodial, users are responsible for keeping and protecting their own assets. The customers retain sole custody of their funds and control their keys, which are typically stored in an encrypted form on their devices inside the browser. Regardless of what type of app one uses, a desktop or a browser version, the encrypted data never leaves the device, thus protecting users from hacking attacks. When users log out, the encrypted data is removed from the secure storage.

The platform’s software is also fully compatible with the Ledger hardware wallet as it allows users to log in and sign transactions with this device. However, users have to purchase these wallets for that themselves first. As an alternative, it’s possible to rely on the multisignature layer of the Stellar protocol to protect your funds.

In addition, StellarTerm offers quick access to users’ funds via the secret key. This is a phrase known to a user only that starts with an “S” and contains 56 characters. With its help, users can send funds to their peers in a few clicks of a mouse by simply entering the key and avoiding the complicated signup procedure.

On StellarTerm, the simple and clear design enables users to navigate the platform in a fast and easy way. Besides, the platform offers a convenient helpdesk that clarifies the basic questions for its customers. If some issues arise, it is possible to contact the support team via email. Users can also contact the members of the StellarTerm team through Twitter. Also, there is a troubleshooting section on the official website of the platform.

StellarTerm’s financial aspects

StellarTerm facilitates the process of purchasing crypto by implementing credit and debit card support for this purpose. Also, the system has integrated payments via Moonpay, a convenient payment technology solution, equipped with a secure and robust infrastructure.

It’s worth adding that the platform sells Stellar Lumens along with the most popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, etc. The depositing fees are equal to the Stellar network fees. The same refers to trading and withdrawal fees of the Stellarterm exchange. The system supports some fiat currencies such as Brazilian Real, Argentine Peso, Canadian Dollar, etc. along with cryptocurrencies. The team standing behind the platform constantly works on expanding the list of supported assets.

StellarTerm team

Dmitri Gmyza is the co-founder and CEO of StellarTerm. He also co-founded LOBSTR Stellar Wallet in 2014. In 2020, Dmitri became a co-owner of StellarX. There is no information about other team members available on the web, though.