{"id":2429,"date":"2019-12-25T10:19:48","date_gmt":"2019-12-25T10:19:48","guid":{"rendered":"https:\/\/paybis.com\/blog\/?p=2429"},"modified":"2024-04-15T14:19:39","modified_gmt":"2024-04-15T14:19:39","slug":"best-stellar-lumens-wallet","status":"publish","type":"post","link":"https:\/\/paybis.com\/blog\/best-stellar-lumens-wallet\/","title":{"rendered":"9 Best Stellar Lumens Wallet Options to store XLM"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Stellar is a payment protocol with the purpose of making cross-border transactions between different currencies. Its native cryptocurrency, XLM, is a very popular coin used to pay the transaction fees on the Blockchain of the Stellar network.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For this reason, we compiled a list of the best Stellar wallets that will allow you to store, send and receive XLM.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After reading this article, you should have a pretty good idea of what makes a great Stellar wallet is and how to choose one for your own XLM coins.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What is a Stellar Lumens wallet?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Cryptocurrencies don\u2019t appear in a tangible form, which means that you can\u2019t just store them the same way you would store regular money. Instead, you will be using specialized software, which is more commonly known as a cryptocurrency wallet.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In short, cryptocurrency wallets provide a way to access your coins that are located on their Blockchain. Let\u2019s see how this works in more detail.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">How does the Best Stellar Lumens wallet work?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Cryptocurrencies represent value in digital form on their respective Blockchains. A Stellar wallet uses two unique codes that help you locate and use your XLM.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/paybis.com\/blog\/glossary\/what-is-a-private-key\/\" target=\"_blank\" rel=\"noopener noreferrer\"><b>The private key<\/b><\/a><span style=\"font-weight: 400;\"> &#8211; this 64 character code functions as your password to your XLM wallet. Similar to a PIN code, anyone with this key is able to access and spend your tokens. Therefore, it\u2019s very important that you store it safely.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/paybis.com\/blog\/glossary\/what-is-a-public-address\/\" target=\"_blank\" rel=\"noopener noreferrer\"><b>The public address<\/b><\/a><span style=\"font-weight: 400;\"> &#8211; this code is based on the private key and is the address you will share when you want to receive Stellar Lumens. It indicates the location of your coins on the Blockchain and acts similar to your IBAN number.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Stellar transactions include a 3rd code, called a <\/span><a href=\"https:\/\/support.blockchain.com\/hc\/en-us\/articles\/360018797312-Stellar-memos\" target=\"_blank\" rel=\"noopener noreferrer\"><b>Stellar Memo<\/b><\/a><span style=\"font-weight: 400;\">. It\u2019s a special feature of Stellar that allows users to communicate with each other through a short message (max 28 bytes), making the transaction easily identifiable.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Worth noting is that when opening a Stellar wallet, you will need to send 1XLM to its public address to activate it. This reserved amount has been set by the Stellar developers to avoid the creation of spam-accounts on the Blockchain.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Buying and sending Stellar Lumens is an easy process that can be done in a couple of minutes using <\/span><a href=\"https:\/\/paybis.com\/buy-stellar-xlm-with-credit-card\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Paybis exchange<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What to consider choosing your Stellar Lumens wallet?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">There are five main types of cryptocurrency wallets, serving different purposes.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Mobile wallets<\/b><span style=\"font-weight: 400;\"> \u2013 these wallets are apps that need to be installed on your mobile device. They are convenient for people that access their crypto often and on-the-go. The liability with mobile wallets is that your phone can be lost or stolen, which will compromise the safety of your coins.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Online wallets<\/b><span style=\"font-weight: 400;\"> \u2013\u00a0 Online wallets can be accessed through a web browser or your mobile device. They often run on 3rd party servers and are well suited for daily usage. Keep in mind that their online nature makes them the most vulnerable to phishing scams and malicious attacks.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Paper wallet<\/b><span style=\"font-weight: 400;\"> \u2013 these wallets are a copy of your public and private keys, printed on a piece of paper. Paper wallets do not allow for partial spending, which makes them ideal for long term storage, but not meant to be used for daily transactions.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Desktop wallet<\/b><span style=\"font-weight: 400;\"> \u2013 these wallets need to be installed on your computer. They allow your computer to encrypt and store your keys locally. Taking the necessary precautions to protect your PC from viruses and hackers is very important to avoid getting your keys compromised.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Hardware wallets<\/b><span style=\"font-weight: 400;\"> \u2013 these USB lookalikes might be the most expensive option, but are also considered the safest. Their offline nature makes them immune to hackers and the cryptographic chips used for their construction are tamper-resistant.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">After this brief description of cryptocurrency wallets, let\u2019s dig into our list of the best wallets to store your Stellar Lumens.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">1. Best Mobile Stellar Wallet &#8211; <\/span><a href=\"https:\/\/lobstr.co\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Lobstr<\/span><\/a><\/h2>\n<p><picture class=\"attachment-pinterest\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2431\" title=\"best stellar lumens wallet\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/12\/lobstr1.png\" alt=\"best stellar lumens wallet\" width=\"600\" height=\"200\" srcset=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/12\/lobstr1.png 1500w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/12\/lobstr1-300x100.png 300w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/12\/lobstr1-1024x341.png 1024w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/12\/lobstr1-150x50.png 150w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/12\/lobstr1-768x256.png 768w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><a href=\"http:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fpaybis.com%2Fblog%2Fbest-stellar-lumens-wallet%2F&media=https%3A%2F%2Fpaybis.com%2Fblog%2Fwp-content%2Fuploads%2F2019%2F12%2Flobstr1.png&description=9+Best+Stellar+Lumens+Wallet+Options+to+store+XLM\" class=\"pin-it-button\" target=\"_blank\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12.289,2C6.617,2,3.606,5.648,3.606,9.622c0,1.846,1.025,4.146,2.666,4.878c0.25,0.111,0.381,0.063,0.439-0.169 c0.044-0.175,0.267-1.029,0.365-1.428c0.032-0.128,0.017-0.237-0.091-0.362C6.445,11.911,6.01,10.75,6.01,9.668 c0-2.777,2.194-5.464,5.933-5.464c3.23,0,5.49,2.108,5.49,5.122c0,3.407-1.794,5.768-4.13,5.768c-1.291,0-2.257-1.021-1.948-2.277 c0.372-1.495,1.089-3.112,1.089-4.191c0-0.967-0.542-1.775-1.663-1.775c-1.319,0-2.379,1.309-2.379,3.059 c0,1.115,0.394,1.869,0.394,1.869s-1.302,5.279-1.54,6.261c-0.405,1.666,0.053,4.368,0.094,4.604 c0.021,0.126,0.167,0.169,0.25,0.063c0.129-0.165,1.699-2.419,2.142-4.051c0.158-0.59,0.817-2.995,0.817-2.995 c0.43,0.784,1.681,1.446,3.013,1.446c3.963,0,6.822-3.494,6.822-7.833C20.394,5.112,16.849,2,12.289,2\"><\/path><\/svg><\/a><\/picture><\/p>\n<p><b>Number of supported coins: 16<br \/>\n<\/b><b>Access: Web, Mobile<br \/>\n<\/b><b>Mobile OS: Android and IOS<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The Lobstr wallet allows you to manage your Stellar assets anywhere through its convenient mobile app.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It covers a good amount of the top cryptocurrencies and has a very clean interface that presents all relevant info on a couple of screens.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Lobstr additionally integrates the Stellar\u2019s decentralized exchange (SDEX) and lets you seamlessly trade with assets that are supported there, like fiat currencies, precious metals or other cryptos.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here\u2019s why installing Lobstr on your phone might be a good idea.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">What are the advantages of Lobstr wallet?<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><b>Accessibility <\/b><span style=\"font-weight: 400;\">&#8211; this wallet allows quick access to your assets wherever you are. It has a great mobile app that operates both on Android and IOS, which should allow for easy transfer if you are switching your smartphone OS.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Simplicity<\/b><span style=\"font-weight: 400;\"> &#8211; Lobstr\u2019s user interface is simple and easy to use. This makes it very easy to send or receive coins in a couple of taps, even for beginners.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Safety<\/b><span style=\"font-weight: 400;\"> &#8211; the app offers a wide selection of login options: 2FA, fingerprint feature, as well as a security 4-digit pin. And, as far as mobile wallets are concerned, every extra security measure is a welcome one.\u00a0<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Setting up your Lobstr wallet<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The following video will help you set up your Lobstr Mobile wallet:<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/_2V0VGARJ4s\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/span><\/p>\n<h2><span style=\"font-weight: 400;\">2. Best Stellar Online Wallet &#8211; <\/span><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.blockchain.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Blockchain.com<\/a><\/span>\u00a0 \u00a0 \u00a0<span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0 <\/span><\/h2>\n<h2><span style=\"font-weight: 400;\"><picture class=\"attachment-pinterest\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2432\" title=\"best stellar lumens wallet\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/12\/blockchain.jpg\" alt=\"best stellar lumens wallet\" width=\"600\" height=\"130\" srcset=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/12\/blockchain.jpg 750w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/12\/blockchain-300x65.jpg 300w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/12\/blockchain-150x32.jpg 150w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><a href=\"http:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fpaybis.com%2Fblog%2Fbest-stellar-lumens-wallet%2F&media=https%3A%2F%2Fpaybis.com%2Fblog%2Fwp-content%2Fuploads%2F2019%2F12%2Fblockchain.jpg&description=9+Best+Stellar+Lumens+Wallet+Options+to+store+XLM\" class=\"pin-it-button\" target=\"_blank\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12.289,2C6.617,2,3.606,5.648,3.606,9.622c0,1.846,1.025,4.146,2.666,4.878c0.25,0.111,0.381,0.063,0.439-0.169 c0.044-0.175,0.267-1.029,0.365-1.428c0.032-0.128,0.017-0.237-0.091-0.362C6.445,11.911,6.01,10.75,6.01,9.668 c0-2.777,2.194-5.464,5.933-5.464c3.23,0,5.49,2.108,5.49,5.122c0,3.407-1.794,5.768-4.13,5.768c-1.291,0-2.257-1.021-1.948-2.277 c0.372-1.495,1.089-3.112,1.089-4.191c0-0.967-0.542-1.775-1.663-1.775c-1.319,0-2.379,1.309-2.379,3.059 c0,1.115,0.394,1.869,0.394,1.869s-1.302,5.279-1.54,6.261c-0.405,1.666,0.053,4.368,0.094,4.604 c0.021,0.126,0.167,0.169,0.25,0.063c0.129-0.165,1.699-2.419,2.142-4.051c0.158-0.59,0.817-2.995,0.817-2.995 c0.43,0.784,1.681,1.446,3.013,1.446c3.963,0,6.822-3.494,6.822-7.833C20.394,5.112,16.849,2,12.289,2\"><\/path><\/svg><\/a><\/picture>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/span><\/h2>\n<p><b>Number of supported coins: 5<br \/>\n<\/b><b>Access: Web, Mobile<br \/>\n<\/b><b>Mobile OS: Android and IOS<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Blockchain.com is one of the first mainstream wallets and has been a popular choice of the crypto community since its release in 2011.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With its beginner-friendly approach, it is a convenient way to start your crypto adventure. It also offers the most popular Blockchain explorer on the market that tracks all kinds of data- transactions, volumes, prices, etc.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Why should you consider using a Blockchain.com wallet?<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><b>Secure <\/b><span style=\"font-weight: 400;\">&#8211;\u00a0 The wallet offers a wide variety of security measures, going from simple to more complex. It starts with a simple 4-digit code, but more advanced options can be added by the user: 2FA, email verification, and even biometrics.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>User-friendly <\/b><span style=\"font-weight: 400;\">&#8211;\u00a0 The wallet is fairly easy to use, with great graphical overviews of your transactions and a slick pie chart representation of your crypto portfolio.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Accessible <\/b><span style=\"font-weight: 400;\">&#8211; this wallet is available in more than 20 languages, and allows crypto to fiat transactions in more than 30 countries.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Buy and sell crypto within the wallet<\/b><span style=\"font-weight: 400;\"> &#8211; once you whitelist your wallet through KYC, you will be able to buy different cryptocurrencies, with a couple of clicks, directly through its interface.\u00a0<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Setting up your Blockchain.com wallet\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Here is a practical\u00a0 guide that will help you set up your Blockchain.com wallet: https:\/\/www.youtube.com\/watch?v=ziTmOSbDVJI<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">3. Best desktop Stellar Wallet &#8211; <\/span><span style=\"font-weight: 400;\"><a href=\"https:\/\/wallet.stellar.chat\/\" target=\"_blank\" rel=\"noopener noreferrer\">Foxlet Wallet<\/a><\/span><\/h2>\n<p><picture class=\"attachment-pinterest\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2433\" title=\"best stellar lumens wallet\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/12\/foxlet-wallet.jpg\" alt=\"best stellar lumens wallet\" width=\"600\" height=\"167\" srcset=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/12\/foxlet-wallet.jpg 551w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/12\/foxlet-wallet-300x83.jpg 300w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/12\/foxlet-wallet-150x42.jpg 150w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><a href=\"http:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fpaybis.com%2Fblog%2Fbest-stellar-lumens-wallet%2F&media=https%3A%2F%2Fpaybis.com%2Fblog%2Fwp-content%2Fuploads%2F2019%2F12%2Ffoxlet-wallet.jpg&description=9+Best+Stellar+Lumens+Wallet+Options+to+store+XLM\" class=\"pin-it-button\" target=\"_blank\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12.289,2C6.617,2,3.606,5.648,3.606,9.622c0,1.846,1.025,4.146,2.666,4.878c0.25,0.111,0.381,0.063,0.439-0.169 c0.044-0.175,0.267-1.029,0.365-1.428c0.032-0.128,0.017-0.237-0.091-0.362C6.445,11.911,6.01,10.75,6.01,9.668 c0-2.777,2.194-5.464,5.933-5.464c3.23,0,5.49,2.108,5.49,5.122c0,3.407-1.794,5.768-4.13,5.768c-1.291,0-2.257-1.021-1.948-2.277 c0.372-1.495,1.089-3.112,1.089-4.191c0-0.967-0.542-1.775-1.663-1.775c-1.319,0-2.379,1.309-2.379,3.059 c0,1.115,0.394,1.869,0.394,1.869s-1.302,5.279-1.54,6.261c-0.405,1.666,0.053,4.368,0.094,4.604 c0.021,0.126,0.167,0.169,0.25,0.063c0.129-0.165,1.699-2.419,2.142-4.051c0.158-0.59,0.817-2.995,0.817-2.995 c0.43,0.784,1.681,1.446,3.013,1.446c3.963,0,6.822-3.494,6.822-7.833C20.394,5.112,16.849,2,12.289,2\"><\/path><\/svg><\/a><\/picture><\/p>\n<p><b>Number of supported coins: 1<br \/>\n<\/b><b>Access: Desktop<br \/>\n<\/b><b>Mobile OS: \/<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Foxlet is a desktop wallet which is officially recommended by the Stellar development team.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is compatible with Mac OS, Windows, and Linux which makes it versatile when you want to switch platforms.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The wallet\u2019s developers are constantly working on improving its security and the open-source nature of the code allows anyone to check for malicious intent and security backdoors.\u00a0\u00a0\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Why you should consider using Foxlet wallet<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><b>Security <\/b><span style=\"font-weight: 400;\">&#8211; your private keys are encrypted and stored on your PC. As long as you keep your computer protected and take necessary precautions, they should be safe from any hacking attempt.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Ease of use<\/b><span style=\"font-weight: 400;\"> &#8211; Its interface might be a bit barren, but this allows for great visibility and makes the software lightweight and fast.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Create your own Stellar tokens<\/b><span style=\"font-weight: 400;\"> &#8211; Foxlet allows users to create their own Stellar tokens on the Blockchain, that they can use for their personal needs and internal payments.\u00a0<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Setting up your Foxlet wallet\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Here is a quick video on how to set up your Foxlet wallet: https:\/\/www.youtube.com\/watch?v=2WxnkZqCLdY<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">4. Best hardware Stellar Wallet &#8211; <\/span><a href=\"https:\/\/www.ledger.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Ledger Nano S<\/span><\/a><span style=\"font-weight: 400;\">\u00a0\u00a0<\/span><\/h2>\n<p><picture class=\"attachment-pinterest\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2434\" title=\"best stellar lumens wallet\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/12\/ledger-nano-s-straight-4.png\" alt=\"best stellar lumens wallet\" width=\"600\" height=\"191\" srcset=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/12\/ledger-nano-s-straight-4.png 850w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/12\/ledger-nano-s-straight-4-300x96.png 300w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/12\/ledger-nano-s-straight-4-150x48.png 150w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/12\/ledger-nano-s-straight-4-768x245.png 768w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><a href=\"http:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fpaybis.com%2Fblog%2Fbest-stellar-lumens-wallet%2F&media=https%3A%2F%2Fpaybis.com%2Fblog%2Fwp-content%2Fuploads%2F2019%2F12%2Fledger-nano-s-straight-4.png&description=9+Best+Stellar+Lumens+Wallet+Options+to+store+XLM\" class=\"pin-it-button\" target=\"_blank\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12.289,2C6.617,2,3.606,5.648,3.606,9.622c0,1.846,1.025,4.146,2.666,4.878c0.25,0.111,0.381,0.063,0.439-0.169 c0.044-0.175,0.267-1.029,0.365-1.428c0.032-0.128,0.017-0.237-0.091-0.362C6.445,11.911,6.01,10.75,6.01,9.668 c0-2.777,2.194-5.464,5.933-5.464c3.23,0,5.49,2.108,5.49,5.122c0,3.407-1.794,5.768-4.13,5.768c-1.291,0-2.257-1.021-1.948-2.277 c0.372-1.495,1.089-3.112,1.089-4.191c0-0.967-0.542-1.775-1.663-1.775c-1.319,0-2.379,1.309-2.379,3.059 c0,1.115,0.394,1.869,0.394,1.869s-1.302,5.279-1.54,6.261c-0.405,1.666,0.053,4.368,0.094,4.604 c0.021,0.126,0.167,0.169,0.25,0.063c0.129-0.165,1.699-2.419,2.142-4.051c0.158-0.59,0.817-2.995,0.817-2.995 c0.43,0.784,1.681,1.446,3.013,1.446c3.963,0,6.822-3.494,6.822-7.833C20.394,5.112,16.849,2,12.289,2\"><\/path><\/svg><\/a><\/picture><\/p>\n<p><b>Number of supported coins: 1250+<br \/>\n<\/b><b>Access: Ledger Nano S device<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Due to its high-security features and great accessibility, the Nano S has sold more than a\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">million units worldwide. This makes it the most popular hardware wallet on the market to date.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition to its decent price ($60), here are some of the reasons that make it such a great choice to store your XLM.\u00a0\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Why you should consider buying a Ledger Nano S\u00a0<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><b>Supports a large number of cryptocurrencies<\/b><span style=\"font-weight: 400;\"> &#8211;\u00a0 in addition to XLM, the Ledger Nano S supports many other cryptocurrencies such as Bitcoin, Ethereum, Litecoin, etc., <\/span><a href=\"https:\/\/shop.ledger.com\/pages\/supported-crypto-assets\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">totaling over 1200. <\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Safety and backup <\/b><span style=\"font-weight: 400;\">&#8211; considering the fact that the keys are stored offline, it provides great security against hackers. It also generates a seed phrase to recover your wallet, in case you lose the keys. Additionally, it supports 2FA (2 Factor Authentication) through a 4-digit Pincode, enhancing the safety of the wallet even more.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Accessibility and convenience<\/b><span style=\"font-weight: 400;\"> &#8211; transaction details can be seen on the OLED screen and the device\u2019s small size allows you to carry it around if needed.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Applications <\/b><span style=\"font-weight: 400;\">&#8211; The Ledger Nano S allows you to install a range of specific applications for different coins and wallets, adding an additional layer of security for your logins and transactions.\u00a0<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Setting up your Ledger Nano S wallet<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Here is a beginner tutorial that shows the step by step guide to setting up your Ledger Nano S wallet:\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/1w1AnRrCI0o\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/span><\/p>\n<h2><span style=\"font-weight: 400;\">5. Best paper Stellar Wallet &#8211; <\/span><a href=\"https:\/\/stellarpaperwallet.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Stellar Paper Wallet<\/span><\/a><\/h2>\n<p><picture class=\"attachment-pinterest\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2435\" title=\"best stellar lumens wallet\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/12\/paper-stellar1.png\" alt=\"best stellar lumens wallet\" width=\"600\" height=\"251\" srcset=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/12\/paper-stellar1.png 800w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/12\/paper-stellar1-300x126.png 300w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/12\/paper-stellar1-150x63.png 150w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/12\/paper-stellar1-768x322.png 768w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><a href=\"http:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fpaybis.com%2Fblog%2Fbest-stellar-lumens-wallet%2F&media=https%3A%2F%2Fpaybis.com%2Fblog%2Fwp-content%2Fuploads%2F2019%2F12%2Fpaper-stellar1.png&description=9+Best+Stellar+Lumens+Wallet+Options+to+store+XLM\" class=\"pin-it-button\" target=\"_blank\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12.289,2C6.617,2,3.606,5.648,3.606,9.622c0,1.846,1.025,4.146,2.666,4.878c0.25,0.111,0.381,0.063,0.439-0.169 c0.044-0.175,0.267-1.029,0.365-1.428c0.032-0.128,0.017-0.237-0.091-0.362C6.445,11.911,6.01,10.75,6.01,9.668 c0-2.777,2.194-5.464,5.933-5.464c3.23,0,5.49,2.108,5.49,5.122c0,3.407-1.794,5.768-4.13,5.768c-1.291,0-2.257-1.021-1.948-2.277 c0.372-1.495,1.089-3.112,1.089-4.191c0-0.967-0.542-1.775-1.663-1.775c-1.319,0-2.379,1.309-2.379,3.059 c0,1.115,0.394,1.869,0.394,1.869s-1.302,5.279-1.54,6.261c-0.405,1.666,0.053,4.368,0.094,4.604 c0.021,0.126,0.167,0.169,0.25,0.063c0.129-0.165,1.699-2.419,2.142-4.051c0.158-0.59,0.817-2.995,0.817-2.995 c0.43,0.784,1.681,1.446,3.013,1.446c3.963,0,6.822-3.494,6.822-7.833C20.394,5.112,16.849,2,12.289,2\"><\/path><\/svg><\/a><\/picture><\/p>\n<p><b>Number of supported coins: 1<br \/>\n<\/b><b>Access: \/<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Paper wallets are great for long term storage of cryptocurrencies. They can\u2019t be hacked due to their offline nature, making your private keys and coins inaccessible to cybercriminals.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Although <\/span><a href=\"https:\/\/stellarpaperwallet.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Stellar Paper Wallet <\/span><\/a><span style=\"font-weight: 400;\">\u00a0supports only XLM and isn\u2019t meant for daily use, there still are some advantages that might make you want to consider using one:\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Why should you consider using a Stellar Paper Wallet?<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><b>Secure and Affordable <\/b><span style=\"font-weight: 400;\">&#8211; While they offer the highest level of security, they are free to use.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Easy to set up<\/b><span style=\"font-weight: 400;\"> &#8211; When creating a paper wallet, you only need to follow some basic instructions, print out your keys and you\u2019re done.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Tech-independent<\/b><span style=\"font-weight: 400;\"> &#8211; as they don\u2019t rely on any kind of technology, paper wallets are a great option to store your keys for extended periods of time. You won\u2019t have to worry about software upgrades, battery life, continuous support, etc.<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Creating your Stellar Paper Wallet:<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">This short video shows the few steps to creating your own Stellar Paper Wallet:https:\/\/www.youtube.com\/watch?v=sAzTn12wVQ8\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Other Great Stellar Wallets:\u00a0<\/span><\/h2>\n<p>6. <a href=\"https:\/\/solarwallet.io\/\" target=\"_blank\" rel=\"noopener noreferrer\"><b>Solar Wallet<\/b><\/a> <span style=\"font-weight: 400;\">&#8211; this is an open-source desktop and mobile wallet. It uses multi-signature authorization in order to provide users with high-grade security measures.<\/span><\/p>\n<p>7. <a href=\"https:\/\/atomicwallet.io\/\" target=\"_blank\" rel=\"noopener noreferrer\"><b>Atomic Wallet<\/b><\/a><span style=\"font-weight: 400;\"> &#8211; this is a multi-currency wallet that supports more than 300 other cryptos. The desktop version is compatible with most mainstream operating systems.\u00a0\u00a0<\/span><span style=\"font-weight: 400;\">Furthermore, through the support of <\/span><a href=\"https:\/\/www.investopedia.com\/terms\/a\/atomic-swaps.asp\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Atomic Swaps<\/span><\/a><span style=\"font-weight: 400;\">, users are able to exchange some supported tokens instantly and free of charge.\u00a0<\/span><\/p>\n<p>8. <a href=\"https:\/\/stellarterm.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><b>StellarTerm<\/b><\/a><span style=\"font-weight: 400;\"> &#8211; this is a downloadable desktop wallet available for Linux, Mac OS, and Windows. Its simplicity makes it convenient for beginners. It integrates a decentralized exchange and allows the purchase of XLM with a credit card directly through the wallet.\u00a0<\/span><\/p>\n<p>9. <a href=\"https:\/\/guarda.co\/\" target=\"_blank\" rel=\"noopener noreferrer\"><b>Guarda Wallet <\/b><\/a><span style=\"font-weight: 400;\">&#8211;\u00a0 This multi-platform wallet has a great user-friendly interface and is really simple to use. It supports more than <\/span><a href=\"https:\/\/guarda.co\/coins\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">40 major cryptocurrencies<\/span><\/a><span style=\"font-weight: 400;\">, including XLM.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Wrapping up<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">After this detailed list of the best Stellar wallets, here is a quick overview of each one per category:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Hardware wallet <\/b><span style=\"font-weight: 400;\">&#8211; Ledger Nano S<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Mobile wallet <\/b><span style=\"font-weight: 400;\">&#8211; Lobstr<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Web wallet<\/b><span style=\"font-weight: 400;\"> &#8211; Blockchain.info<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Desktop wallet<\/b><span style=\"font-weight: 400;\"> &#8211; Foxlet<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Paper wallet<\/b><span style=\"font-weight: 400;\"> &#8211; Stellar Paper Wallet<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">When there\u2019s no compromise to be made on your XLM storage, the Ledger Nano S is your best option.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It offers the best security for your keys while providing support for a large number of cryptocurrencies.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, the $60 asking price is actually quite affordable when considering the value it offers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other hand, if you are on a budget, or just starting out, you can give <\/span><a href=\"https:\/\/lobstr.co\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Lobstr <\/span><\/a><span style=\"font-weight: 400;\">a try. However, make sure you take the necessary security measures regarding the safety of your phone and your private keys.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">&#8211; FAQ section &#8211;<\/span><\/h2>\n<p>Do you still have questions regarding the best stellar lumens wallet and the way they work? We have compiled a shortlist with the most frequently asked questions and answers.<\/p>\n<h3><span style=\"font-weight: 400;\">What is the difference between Stellar and Lumens?\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Stellar is the open-source, decentralized payment protocol that works on Blockchain technology.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Lumens (XLM) are the native currency of the Stellar Blockchain, are a digital representation of value and are used to pay transaction fees on the network.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">What is a Stellar Lumens\u2019 public address?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The public address is the unique code you get when you create a new wallet. This is the code you will be sharing when you want to buy XLM from an exchange or receive it from another user of the network.\u00a0\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">What is a Stellar memo?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Sometimes, transactions on the Stellar network will ask for an additional code when sending coins, the <\/span><a href=\"https:\/\/support.blockchain.com\/hc\/en-us\/articles\/360018797312-Stellar-memos\" target=\"_blank\" rel=\"noopener noreferrer\"><b>Stellar Memo<\/b><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This short message is used to easily identify the transaction and make it unique.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">What is a Stellar private key?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The private key functions as a password that gives you access to your Stellar Lumens. Anyone with this key could use it to spend your coins so it is important that it stays securely stored in your wallet at all times.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also, make sure you backup your wallet, in case you need to recover your private key.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Why do I need to have at least 1XLM on my address?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The Stellar network has set a minimum of 1 XLM to prevent the network from being overwhelmed with spam accounts. The address is activated once you deposit at least 1 XLM on your wallet.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The 1XLM is considered a reserve amount and you won\u2019t be able to withdraw it.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stellar is a payment protocol with the purpose of making cross-border transactions between different currencies. Its native cryptocurrency, XLM, is a very popular coin used to pay the transaction fees on the Blockchain of the Stellar network.\u00a0 For this reason, we compiled a list of the best Stellar wallets that will allow you to store, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":3920,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[8,43,132,193],"tags":[208,214,241],"businesses_tag":[],"class_list":["post-2429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-educational-guides","category-analytical-guides","category-individuals","category-news","tag-tools","tag-wallets","tag-stellar"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>9 Best Stellar Lumens Wallet Options to store XLM - Paybis Blog<\/title>\n<meta name=\"description\" content=\"Are you wondering which the best Stellar Lumens wallet? In this article we have outlined everything you need to know about stellar lumens wallet.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/paybis.com\/blog\/best-stellar-lumens-wallet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"9 Best Stellar Lumens Wallet Options to store XLM - Paybis Blog\" \/>\n<meta property=\"og:description\" content=\"Are you wondering which the best Stellar Lumens wallet? 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