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Stellar (XLM) Wallets

By June 27, 2019 No Comments

If you are a beginner at exploring the crypto world, especially Stellar (XLM) wallets, you should know that crypto wallets are the digital wallets for storing your cryptos. All wallets come with safety measures, i.e. public and private keys, authentications, PIN codes and so on. Learning how to handle them is easy if you follow the instructions. However, in case you just wish to play and let someone else handle the technicalities, you can always use QBDirect.

Stellar network is an open-source, decentralized platform from where Stellar Lumens originates from. Stellar network provides for very fast cross-platform transactions with transaction fees below 1 cent. According to experts, XLM as the native currency to Stellar network, plays the role of anti-spam factor. It also facilitates the multi-currency transactions. Having said that, let us focus on Stellar Lumens (XLM) itself and the ways to store it.

XLM is among the top 10 cryptos when it comes to market capitalization. Potential users can buy it on Coinbase, among other exchange platforms. Once obtained, XLM should be kept safely in one of the offered wallets. There is a wide range of wallets in the offer. These are a few of the mostly used ones. We tried to compile their features to make the selection easier for you.

Foxlet

Foxlet is the Stellar Desktop Client. It is an open source Stellar Lumens desktop wallet. This means that it does not support any other cryptocurrencies. It functions on Windows, Mac and Linux operating systems.

What makes this wallet distinctive is that it allows for encrypting the XLM private key and storing it in the private computer. Depositing and withdrawing are also available options.

Ledger Nano S

Ledger Nano S is one of the most frequently used hardware wallets. It is popular for several reasons. It provides for storing not only XLM, but many other top cryptos, such as Bitcoin, Ethereum, Ripple, Litecoin, just to name a few. Ledger Nano S is cozy to use, as it comes in a form of a USB that can be plugged into any device. The USB features an OLED screen for checking the transaction details through a double-tap button. Finally, the most important reason for putting this wallet on our list is the amount of security it provides.

Ledger Nano S includes 2 factor authentications, a secured PIN code and a recovery seed accessibility.

Atomic Wallet

Atomic Wallet is the wallet which supports various currencies, such as Bitcoin, Bitcoin Cash, Bitcoin Cash SV, and nearly 300 other coins and tokens. This is a desktop wallet that can be used on Mac, Windows, Ubuntu, Fedora, Debian. The interface appears to be very user-friendly and easy to navigate.

Atomic wallet also provides security and anonymity.  Furthermore, it allows that the user controls the funds fully.

Stargazer

Stargazer is a popular wallet due to its availability for usage on both desktop and mobile devices. It is functioning smoothly on Windows, Mac OS X and Linux operating systems. Users also consider it to be one of the best XLM wallets for Android devices.

Stargazer provides for possibility of multiple accounts and assets. As per reviews, the interface is multilingual and easy to use, which facilitates for receiving and sending out XLM.

As for security, Stargazer offers setting up of federated addresses and relies on multi-signature security.

 

Let us know whether you find crypto wallets easy to use.

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