Wallet

Top 5 best stellar lumens wallet

We’ve reviewed top 5 best stellar lumens wallet in this article. So folks, let’s start our journey. Stellar Lumens is a decentralized payment platform created to connect payment systems, banks and people. In fact, it is a payment distribution network offering reliable, affordable and fast cross-border transactions and an ideal platform for hosting ICOs. Stellar has grown rapidly in the recent time and it has now become one of the top 10 largest cryptocurrencies around the globe. If you’re going to buy Lumens (XLM), you must have a safe and secure stellar lumen wallet to store your digital currency.

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Top 5 best stellar lumens wallets

Stargazer (Mobile and desktop stellar lumens wallet)

It’s a stellar lumens wallet available for both the mobile and desktop devices. For instance, if you’re using Mac OS X, Linux or Windows operating systems, you can easily download Stargazer. It also works on Android devices and you can download it from Google Play, however, there is still no app for iPhone users.

It’s really easy to operate Stargazer and you can conveniently send and receive lumens. It allows you to set up federated addresses and rely on multi-layer security.

However, when we checked its reviews, we found more than half of the negative reviews for the Stargazer app on Google Play at the time of writing this article. People are mostly unhappy about several in-app bugs and we think the developers must pay attention about this aspect.

Lobstr (Mobile stellar lumens wallet)

Next in the list, we have lobstr stellar lumens wallet. If you want to store your XLM in easiest and simplest way then you must go for the option of lobstr. Right from the setting up of the wallet through to the daily transaction handlings, Lobstr is straightforward, uncomplicated and functional. Especially, if you’re a newbie, Lobstr is designed for you. It is available on both the IOS and Android devices. You can easily send and receive digital currency. For added convenience, it also offers a quick XLM price converter.

Secure PIN protection, fingerprint support and 2FA enhance the overall security of this stellar lumens wallet. However, keep in mind the fact that mobile wallet never offer the same level of security as offline wallets. If you’re looking to store multiple digital currencies, you won’t be able to do it in this Lumens-only wallet.

Astral (Web stellar lumens wallet)

It is a web-based stellar lumens wallet with a host of handy features. One of the most distinctive features of this wallet is that it offers convenient and simple access to your lumens whenever you wish and you can quickly send and receive your currency as desired.

As far as the security feature is concerned, data is encrypted with AES-256 and you’re also required to set two factor authentication. You’ve to confirm your email address if you withdraw your digital currency to a new address. To organize funds conveniently, it also allows you to generate multiple addresses. When you open an Astral stellar lumens wallet, all eligible accounts are directly listed into an inflation pool. As a result, you get bonus XLM weekly based on the balance of your account.

But keep in mind the fact that there are always risks associated with online web wallets. If you’ve large balance of XLM, it’s wise to keep them in an offline wallet.

Learn more: Asset Transactions Ravencoin

Stellar Desktop Client (desktop stellar lumens wallet)

It is an open-source desktop wallet. If you’re using Mac, Linux or Windows operating systems, you can easily download it. It allows you to encrypt your private key before storing it on your personal computer. In this scenario, you need not to share your keys with a third party. Transactions are signed offline and you need not to register to execute them.

With this stellar lumens wallet, you can also withdraw and deposit Chinese Yuan (CNY). You can easily send and receive XLM from this wallet. It is quite easy to handle this wallet. However, it is only compatible with XLM and if you want to store multiple digital currencies then you’ll have to look for other better options.

Ledger Nano S (Hardware stellar lumens wallet)

If you want to store large amounts of XLM then you must go for this wallet. It is one of the most popular hardware wallets designed to store cryptocurrencies. It is a tiny portable device connectable to your PC via USB. It supports multiple currencies like Lumens (XLM), Ethereum (ETH), Dash (DASH), Litecoin (LTC), Bitcoin Cash (BCH), Bitcoin (BTC) and many more.

Handling of this hardware wallet is quite easy due to its compatibility feature. The Nano S shows full compatibility with Ledger’s own companion apps or any other compatible software. As far as the security is concerned, you can protect your private keys by a secure PIN. In addition to that, you can manually check and verify transactions thanks to a built-in OLED display and buttons. You can buy it for $97 plus tax on the Ledger website and it is considered as a downside of this stellar lumens wallet.

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