LOBSTR Wallet - Simple and Secure Stellar Wallet

Crypto coins have now become another mode of making digital payments and the said mode is getting quite popular. Most of the population is now using crypto as a mode of investing their money to earn extra income. But to trade in crypto assets it is needed that you should have a place to store your possessed digital assets. To store the asset, you must find a perfect crypto wallet that fulfills all your requirements and will keep your funds safe. However, researching for a crypto wallet is not at all simple. All the crypto wallets claim to be the safest wallet out of all. So, it becomes a little tough to differentiate the best and most trustworthy wallet out of all.

Hence, as an experienced financial writer, we are here to uncover the most underrated crypto wallet called LOBSTR Wallet in the following write-up. So, take a sip of tea or coffee and start scrolling down the article to get the wallet insights.

Overview of LOBSTR Wallet

Just like many other wallets, this wallet is also a non-custodial wallet and the network supported by it is called ‘Stellar’. However, not much time has passed since the launch of the wallet, it was first introduced in the year 2018. The wallet was developed by a group of people who were enthusiasts of blockchain. But even in this short span of time, we can see the development of this wallet, through the increase in the popularity and demand of the wallet among the traders of the Stellar network. The LOBSTR wallet works like every other wallet such as the sending and receiving of crypto assets from one wallet to another. You can also store the Stellar Lumens (XLM) crypto asset in your wallet. Now let us move forward to learn more about the wallet.

Key Highlights of LOBSTR

After going through the background of the wallet, it is time for us to proceed further to learn a little more about the wallet by going through the features offered by it. Below is a short overview of the features:

• LOBSTR Security

Asset security is the first concern of all crypto enthusiasts and the developers of the wallet took asset security very seriously. The wallet uses the established industry security standard to protect the user data. Also, you will have the option of enabling 2-factor authentication to add an extra layer of security.

• Friendly Interface

To make it easy for beginners to navigate the LOBSTR Wallet the interface was designed simply. Hence, the management of crypto assets through this platform is simple. 

• Support of Multiple-Currency

There are several supported currencies by the wallet including a few popular ones such as Litecoin, Bitcoin, Stellar Lumens, and much more. Thus the wallet is very versatile making it easy to store plenty of different currencies.  

Benefits of LOBSTR

There are many benefits of the wallet and some of them are listed below:

• Integration of Stellar Network

• Top-notch security

• Supporting Multi-Currency

• Easy as well as fast transactions

• Friendly interface for beginners

• Option of 2-factor authentication

Installing of LOBSTR Wallet

The downloading and installation procedure is the most straightforward procedure of all. Follow the directed steps and get to know the process of downloading:

1. Open the link https://lobstr.co/ 

2. Now select the suitable option as per your mobile device.

3. Press download.

4. Wait for a few moments for the process to be completed.

5. The wallet is now ready to be used.

All you need to do is set up your account on the platform to commence your crypto trading. If you find any difficulty while trading, then you can visit the blog section to learn how to manage the wallet.

How to set up a LOBSTR Account?

As said above, you cannot use the wallet without registration. So, with the help of our guide, you can manage to set up your wallet. Here are the said steps:

1. Open the official website of the LOBSTR and then press the Sign Up button.

2. Then a form will be presented in front of you that you have to fill out.

3. A few common details such as your email address and mobile number are asked for in the form.

4. After you have written the details completely, the platform will ask you to create an account password. Remember that this password will be needed whenever you will have to log in to your account. 

If you are not using the mobile application of the LOBSTR Wallet, then you will be prompted to download the application on your device to sign in to your account.

How to log in to LOBSTR?

Just like the setup process, the logging-in process is also simple. It will only take a few minutes. So, buckle up and get started:

1. Open the installed application or this link https://lobstr.co/authorization/signin/

2. Then two text fields will be provided on the page.

3. Enter the required details of your account. 

4. Ensure that the email address and the password you have entered are correct. And if you spot any mistake then rectify it and proceed further.

5. At last press ‘Sign in’.

In these simple 5 steps, your wallet account will be set up. And if you no longer remember the password you had created at the time of setup then you will always opt for the option of ‘Forgot Password’.

Wrapping it Up!

Assets are secured in the LOBSTR Wallet and no complaints have been raised till now for the security breach. There are many benefits to using this wallet some of them include the support of multiple assets, security, a simple interface, and much more. And most importantly it is one of the most reliable wallets present out there. It is an excellent choice for traders no matter if you are a fresher or a professional level of trader. Also, if there is any problem, then do not hesitate to contact the support.