How to send Stellar tokens on the Stellar network
To send Stellar tokens, choose the asset, enter the recipient address and memo, then sign in your wallet. A wrong memo can strand a deposit.
Vahe HakobyanEditor-in-chief
Updated Oct 6, 20263 min readFact-checked
On this page
- Non-native Stellar tokens need a trustline before you send them
- A missing or wrong memo can strand an exchange deposit
- Keep the transaction hash for support and tax records
Stellar is an open network for moving value between currencies, and XLM is its native token. Jed McCaleb and Joyce Kim started it in 2014.
How do you send Stellar tokens?
You send a Stellar token by choosing the asset, entering the recipient's Stellar address, adding a memo when the receiving service asks for one, and signing in your wallet. Stellar requires a minimum XLM balance on every account.
- 1Open your walletUnlock the wallet that holds your Stellar tokens.
- 2Choose the assetPick the token from the asset list.
- 3Enter the addressPaste the address and check the first and last characters.
- 4Add the memoCopy the memo or tag exactly; a wrong memo can leave a deposit uncredited.
- 5Check the amount and feeConfirm the amount and the small XLM fee.
- 6Sign the paymentRead the address, memo, and asset once more, then approve.
What to check before sending
Not every wallet or exchange accepts every Stellar asset, so confirm the destination first. Tokens issued on Stellar other than XLM need a trustline. A trustline is a setting in your wallet that accepts one issuer's tokens.
Mistakes, fees, and warnings
Stellar charges a small XLM fee for each payment, and a confirmed payment is permanent. Check the address, the memo, and the asset before you sign.
After you send tokens
Your wallet keeps a record of each payment, and the transaction hash is the reference support teams and tax software ask for. The IRS treats cryptocurrency as property, so trading one crypto for another or paying with crypto is taxable.
- Copy the transaction hash from your wallet.
- Note the date, asset, amount, and dollar value.
- Keep the recipient's address and memo with it.
Frequently asked questions
The tokens go to whoever controls that address, and Stellar has no built-in reversal. If it is an exchange address, contact support quickly.
No. Once the network confirms it, a Stellar transaction is permanent, and your wallet has no cancel option.
A few seconds in most cases. The recipient usually sees the tokens right after you sign.
Open the wallet's asset list, search for the token or paste its issuer address, and confirm. Your account needs its minimum XLM balance first.
