Best Stellar Lumens (XLM) Wallets [November 2018]

Stellar lumens (XLM) are units of a digital currency, not dissimilar to Bitcoin (BTC), that may be used for quick and easy cross-border payments. Unlike BTC, however, lumens are the native asset of the Stellar network, which means that they are built into the Stellar network. Like any cryptocurrency, finding the right place to store and transact your digital assets is crucial — which is why we’ve created a comprehensive list of the best wallets for your Stellar lumens.

Stellar Wallets

• Ledger Nano S
• Foxlet
• LOBSTR
• Interstellar
• BlockEQ

Editor’s Note: The content of this article is provided for informational purposes only. BeInCrypto is independent and has no relationship with any of the provided products or services. Interested users should do their own research before purchasing or using any of the products mentioned here.

Ledger Nano S

The Ledger Nano S is a hardware wallet that needs no introduction. It is one of the most popular and well-known multi-currency hardware wallets in the world and stores a wide variety of digital assets. It’s functionality as a USB device is second to none, and it boasts a secure chip like you’d find in any major credit card. It is as tried and true as wallets come, as certified by the sheer amount of positive reviews from both users and media outlets. A price tag of only $100 also makes it one of the best deals around. [bctt tweet=”The Ledger Nano S is almost certainly the best option for storing a large amount of lumens.” username=”beincrypto”]

Foxlet

Foxlet is an open source desktop client that provides users with the ability to encrypt their private keys and locally store the file on their computer. While this isn’t the most secure option available when it comes to XLM storage, it is a solution for those confident they won’t get hacked or have any hardware difficulties on their computer. The client itself allows for trading within it, and you can send your money to Bitcoin (BTC) directly. Foxlet is definitely worth checking out as a storage solution, but it might not be the best long-term option out there.

LOBSTR

When it comes to user-friendliness and ease-of-use, you’d be hard-pressed to find a smoother Stellar lumens wallet experience than LOBSTR. LOBSTR might just be the easiest way to get started with Stellar (XLM) and features a simplistic (yet, beautiful) user interface and instructions so clear that even your grandmother could understand. Like any good wallet, it encrypts all personal data and gives you, and only you, full control over your lumens. It is worth mentioning that to use LOBSTR, you must register with an email address and password. Compared to other wallets like BRD (which does not currently support XLM), this means that users are subject to slight KYC (know your customer) requirements. As such, privacy-focused individuals might want to look elsewhere. For average everyday users interested in sending and receiving lumens, however, LOBSTR is a great wallet.

Interstellar

Interstellar is a safe, secure, decentralized XLM wallet that boasts both a ton of features and an exchange — making it one of the best trading clients. It is compatible with Windows, Mac, Linux, and Android, and is a class above when it comes to online wallets. Interstellar supports hardware wallets and allows for the management of multiple accounts and assets. Users can trade or swap tokens using the platform, and take advantage of multisig security. Furthermore, it supports the funding of one’s Stellar account with BTC, LTC, and others, and supports the withdrawal of BTC, LTC, and others. Interstellar is a very unique project and one which is definitely worth checking out — especially if you’re a fan of Stellar. It currently has more than four out of five stars from 135 reviewers on the Google Play store.

BlockEQ

BlockEQ is a secure wallet and decentralized exchange for Stellar lumens (XLM). Its claim to fame is that it is the first native iOS wallet supporting trading on Stellar’s decentralized exchange. BlockEQ allows for lightning fast transactions and micropayments that cost less than $0.00001. The wallet itself is private, like any good wallet — which means that only you have access to your private key. BlockEQ cannot access your funds. Data is encrypted and stored on your device, and smart users will write down their 24-word recovery phrase and lock it up in a safe place where no burglars or disgruntled ex-lovers can get to it. The desktop version even affords users the ability to generate an advanced passphrase, which adds an additional layer of protection on top of the industry-standard 24-word recovery phrase.

What do you think is the best Stellar lumens (XLM) wallet available right now? Did we miss any, or have you had any bad experiences with any of the wallets we did list? Let us know your thoughts in the comments below! Also, check out our:

• Best Litecoin (LTC) Wallets
• Best Bitcoin Cash (BCH) Wallets
• Best Ripple (XRP) Wallets
• Honest Stellar Lumens Price Prediction

Full Disclosure: The author of this article does not hold any Stellar lumens (XLM) and does not currently use any of the wallets mentioned in this article. This article should not be taken as an explicit endorsement of any of the products by the author and BeInCrypto and is for educational and information purposes only. Storing cryptocurrency is a serious matter, so readers should always do their own research and exercise the utmost caution when storing cryptocurrencies.