{"id":661,"date":"2022-10-31T13:45:33","date_gmt":"2022-10-31T13:45:33","guid":{"rendered":"https:\/\/monkeycoder.work\/XLM\/?p=661"},"modified":"2022-10-31T13:53:58","modified_gmt":"2022-10-31T13:53:58","slug":"stellar-wallets-review","status":"publish","type":"post","link":"https:\/\/monkeycoder.work\/XLM\/stellar-wallets-review.html","title":{"rendered":"Stellar wallets review\u00a0"},"content":{"rendered":"

Stellar Lumens (XLM) is in high demand among altcoin enthusiasts, with many favoring the Stellar platform for its cheap and fast transactions, as well as its decentralized nature. But before you start working with it, you need to choose the best tool to store your Lumens.<\/span><\/p>\n

There is a wide variety of Stellar wallets available. Multicurrency wallets are handy if you use several coins at once. But if you hold only Lumens, you can choose a specialized variant for this coin, the reliability of such mono-wallets is usually higher.<\/span><\/p>\n

In this article, we will consider in detail the online service Stellar Web Wallet, note a few more options for XLM coin storage and give recommendations for choosing the best wallet.<\/span><\/p>\n

Stellar Online Wallet<\/b><\/h2>\n

We are pleased to introduce you to one of the most convenient online storages for XLM. The wallet is accessible directly from your browser, so there is no need to install additional software.<\/span><\/p>\n

The secret key for the wallet is held exclusively by the user and it is important to pay extra attention to protecting the key storage location from viruses and Trojans that can steal the key file and the application password.<\/span><\/p>\n

Registration and wallet menu<\/b><\/h3>\n

Follow the link\u00a0<\/span>https:\/\/stellar-wallet.org\/<\/span><\/a> and click “Creating a new Stellar wallet”.\u00a0<\/span><\/p>\n

\"Stellar<\/p>\n

In the next step you will get a warning and advice on how to use the wallet, press \u201ccontinue\u201d to generate the keys:<\/span><\/p>\n

\"Stellar<\/p>\n

At this stage also carefully read the recommendations and save the generated keys. The first key is the address of your wallet, the second is a secret key to access this wallet:<\/span><\/p>\n

\"Stellar<\/p>\n

Here you click on the \u201ccopy keys\u201d button, check the box below and then click on the \u201cclose\u201d button.\u00a0\u00a0<\/span><\/p>\n

Your wallet is successfully created, now on the main page, click on \u201cAccess to the wallet with a private key\u201d and follow the instructions to log in.<\/span><\/p>\n

\"Stellar<\/p>\n

Go in and see that the wallet is not activated yet. You need to deposit at least 1XLM to start using the wallet.<\/span><\/p>\n

\"Stellar<\/p>\n

You can top-up your wallet by sending the required amount and specifying the public key of your wallet, which you saved when creating a wallet. It is also available in the main menu of the wallet. You can click the button in the control panel to copy the public key to the clipboard. Also by clicking on the button \u201cReceive\u201d you can get a QR-code of your public key. After the activation of the wallet you will be able to transfer coins.<\/span><\/p>\n

As you can see there is no difficulty in creating a wallet. The wallet is chosen for its accessibility and ease of management.<\/span><\/p>\n

Other XLM wallets<\/b><\/h2>\n

\"Stellar<\/p>\n

Stellar Web Wallet is, by far, not the only wallet for storing Lumen tokens on the Stellar platform. Here is a brief list of the main features of competing projects:<\/span><\/p>\n