The Blockchain Wallet allows you to buy, sell, swap, and hold cryptocurrencies, including Bitcoin, Ether, USD Pax, Bitcoin Cash, and Stellar Lumens (XLM).
Blockchain has partnered with the Stellar Development Foundation to give away $125,000,000 in free Stellar Lumens (XLM) to Blockchain Wallet users.
Stellar Lumens (XLM) is a token that enables fast, cheap worldwide transactions, and it was designed to transact with your friends and family across the globe in seconds.
Blockchain will give each user $50 worth of XLM for free just for verifying your identity, (amount of XLM per airdrop may vary by region).
To qualify, you simply verify your identity by taking a selfie and photo of your identity card to get your $50 in Stellar XLM.
After you receive your $50 in Stellar XLM, you can cash out your crypto to your linked bank account or PayPal account.
Basically, you can get $50 for free in about 15 minutes of your time, and the process is relatively simple.
How To Get $50 Free XLM Crypto
1. Open a Free Blockchain Wallet: Register for an account at Blockchain.com/GetCrypto for free.
2. Verify Your Identity with Blockchain: Verify your identity by submitting your identification card and a selfie (this took me about 15 minutes, but it could take up to 5 business days).
3. Receive Your $50 Stellar XLM: After your identity is verified, the $50 in free Stellar XLM will be immediately credited to your account (I received $51.16).
How To Cash Out Your $50 XLM Crypto
You can either Swap your $50 Stellar XLM for Bitcoin directly in your Blockchain Wallet and then sell the Bitcoin to your linked bank account, or you can transfer your $50 Stellar XLM to Coinbase and then sell your XLM to your PayPal account.
Option #1 – Swap XLM for Bitcoin in Blockchain and Withdraw to Linked Bank Account
- Within Blockchain, select the Swap option, and then trade your Stellar XLM to Bitcoin.
- Next choose the Buy & Sell option, and then sell your Bitcoin using your linked bank account (availability may vary by region).
Option #2 – Transfer XLM to Coinbase and Withdraw to PayPal
- Open or log in to your Coinbase Account (get $10 bonus if you don’t already have one).
- In Coinbase, go to Accounts, and then click Receive next to your XLM Wallet to access your XLM Wallet Address and XLM Memo numbers (you need to use both).
- Within your Blockchain Wallet, click on Stellar in the sidebar, and then click Send.
- Fill in the XLM Wallet Address and Memo numbers and send the maximum amount to Coinbase (this should transfer instantly).
- In Coinbase, go to Buy/Sell, then click the Sell tab, and then select your XLM Wallet.
- You can sell your XLM into your USD Wallet, and then you can withdraw your funds to your PayPal account or linked bank account (you must link your PayPal account if you have not already).
Whether you decide to cash out using Blockchain or Coinbase, you should receive around $50 in cash for about 15 minutes of your time (minus any exchange fees).
XLM Promotional Giveaway Terms
- Offer available until XLM giveaway supply is depleted.
- Limit 1 XLM giveaway per person, unless participating in any bonus activities.
- A person can receive the XLM in only 1 Blockchain Wallet.
- XLM is provided on a first come first rewarded basis, with priority for those with the oldest, completed (i.e., accounts with a verified email address) Blockchain Wallets.
- Participants must have an eligible account, be willing to verify their identity, and reside in an eligible market or jurisdiction.
XLM Giveaway Availability
Availability in United States: Arizona, Arkansas, California, Colorado, Delaware, District of Columbia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, New Hampshire, New Jersey, North Dakota, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, West Virginia, Wisconsin, and Wyoming.
This offer is also available worldwide in many different countries.
Sign up for a BlockChain Wallet to get $50 in free Stellar Lumens (XLM) that you can cash out to your bank account or PayPal.
After you complete this Blockchain Wallet promotional offer, you can earn an additional $50 in free Stellar XLM through this special Coinbase Earn Promotion for both current and new members.