How to Trade Stellar (XLM) in Kazakhstan

From Kazakhstan, exposure to Stellar runs through a USDC-settled perpetual.

Is Stellar trading legal in Kazakhstan?

Kazakhstan is not a country where crypto is simply legal or simply banned: holding it is unregulated, but the venue you use it on is tightly enclosed, and the enclosure moved again in 2026. The Law on Digital Assets splits digital assets into digital financial assets (asset-backed, securities-like) and 'unsecured digital assets' — bitcoin and everything like it.

What the contract is

The contract itself does not change by geography: a XLM perpetual settles in USDC everywhere.

Sign up on Canborsa with email, X or a wallet

No document upload to open the account. Canborsa is non-custodial: your collateral stays under your own keys until a position opens.

Email X Wallet

Fund the account with USDC

Deposit USDC over Canton, Robinhood Chain, Ethereum, Base, BNB Chain or Arbitrum. Canborsa takes no fiat, so buying the USDC happens wherever you normally buy stablecoins.

→Robinhood Chain

Open XLM-PERP

Pick XLM in the markets list. The ticket shows the live price, the current funding rate and max leverage 5x .

XLM-PERPPerpetual · USDC marginLONG

Choose Buy / Long, then set size and leverage

Buying $1,000 of XLM at 5x uses $200 of collateral. Higher leverage moves the liquidation price closer to your entry: your exposure is the position size, whatever margin you posted. Set a stop-loss below your entry before you walk away.

Personal income tax on the gain applies at the general progressive individual rate, with no crypto-specific rate: 10% on annual taxable income up to 8,500 times the monthly calculation index (MRP), and above that the tax on 8,500 MRP plus 15% of the excess.

Trading XLM from Kazakhstan: regulated.

National Bank of the Republic of Kazakhstan licenses and supervises exchange operators of unsecured digital assets and trading platform operators; inside the Astana International Financial Centre it is the AFSA.

Personal income tax on the gain applies at the general progressive individual rate, with no crypto-specific rate: 10% on annual taxable income up to 8,500 times the monthly calculation index (MRP), and above that the tax on 8,500 MRP plus 15% of the excess.

Kazakhstan traders can fund Stellar positions using Bank transfer from a Kazakh second-tier bank and QazPost (national postal operator).

13 platforms serve Kazakhstan for Stellar trading, among them ApeX, Aster and dYdX.