LOBSTR Wallet Login - Simple and Secure Stellar Wallet

Lobstr is the foremost wallet created to receive, send, manage, and store XML tokens from Stellar Lumens. It was generated in 2014 to permit users to interact or communicate straightly with the Horizon Stellar API. 

It is hot storage or a hot wallet. As highlighted above, it is applicable as an application. However, it is also possible to utilize it on a web browser. 

If you wish to utilize the iOS and Android applications of Lobstr, you can head straight to the Google Play store or App Store. However, the convenient and fastest method is to do it straight on the official Stellar site and upload your wallet there. 

What is Good in Lobstr Wallet?

The Lobstr Wallet is a hot wallet with exciting or unique attributes based on your opinion. 

• Easy to Utilize: Chiefly, Lobstr is effortless and includes an easy and convenient interface.

• A Handy Wallet: It is ultimately one of the most accessible wallets based on cryptocurrency enthusiasts.

• Easy Access: It is also easy to suit the services of this wallet from that time; you can easily download it straightly and install it on your mobile phone. It also shows itself as a mobile application.

• It is appropriate for Amateurs and Beginners: In our opinion, the wallet is suitable for both beginners and experts. 

Top Perks of Lobstr Wallet

Lobstr permits its users to utilize the Fiat option to make payments for Lumens that they buy with their Master or Visa Card credit or debit card. It is also an open-source wallet permitting all the users to read code properly and instruct some changes. 

Talking about other factors, it provides touch ID support; users get the probability to access their wallet without the requirement to input a password. Users are entitled to an integrated exchange that permits them to exchange XML tokens for various fiat currencies and bitcoins. 

Moreover, the wallet also utilizes a combination of tools to permit the user to withdraw their complete balance without any limitations to any address they select. The user’s Stellar account will be combined, and you will regulate the destination to which this combination system will forward your funds. In addition, Lobstr Wallet provides very active customer support that helps all the users to resolve their issues; they also respond to different questions you would like to ask. 

All Cryptocurrencies Provided by Lobstr Wallet

Primarily, the Lobstr was made entirely to keep Stellar XML tokens; however, it threw all those other available cryptocurrencies provided on the Stellar network. Other wallets, such as Cool Wallet, Bread, Xapo, and Guarda Wallet, offer various cryptos. Apart from that, there are different other currencies shown on Lobstr, as highlighted below:

• Litecoin

• Stellar Lumens

• Dogecoin

• Ethereum

• Ripple

• Basic Attention Token

• Ripple 

Guide to Generate a Lobstr Wallet

You can generate a new wallet free of charge with some clicks via the official Lobstr. 

1. Firstly, you have to head to the official Lobstr website.

2. Secondly, you have to press the Get Started button.

3. You must now mention your email address and select a strong and unique password. 

4. After that, please Validate your account by hitting the Verify Email tab in the message forwarded to your mail address.

5. Hit on the Create Wallet bar if you want to generate a new Stellar wallet. 

6. Note down your Recovery Phrase, which is required to restore access to your account if a password is a loss if your mobile is stolen or lost. Moreover, the word order is very mandatory. 

7. Remember that: You are the only one who will have access to the Recovery Phrase. The wallet does not keep your Recovery Phrase on the servers, nor do they have access to it. You have to store all the Recovery Phrases carefully, as they will appear only at once on your screen. 

8. Moreover, you have to set a federation address, which is the different name of your latest Stellar wallet that can be forwarded to others to get funds. 

9. In the end, please translate at least 1 XML to the wallet to activate it. 

Procedure to Withdraw Assets in Lobstr Wallet

• Search out for the Withdraw/Deposit symbol or options: The withdraw option is applicable for those assets where the Withdraw bar is shown. The choice offers that the anchor/issuer of the token permits exchanging the token.

• Choose the asset and select the Withdraw bar: On the Assets page, you must choose the asset you would like to withdraw to an off-chain account and hit the Withdraw bar.

• Identify the details needed for withdrawal: At this step, you have to enter the quantity to withdraw, the final account you wish to withdraw your funds from, and any other details required for the withdrawal procedure.

• Submit KYC information, if needed by the anchor: A few asset issuers may require you to generate an account in their service and offer a list of private details or recognized documents to deposit or withdraw funds.

• Review the withdrawal information: At the end, you are required to review all the entered details completely. Ensure that it takes into account the withdrawal fee, the least minimum withdrawal quantity, and the time evaluated to get the crypto on your off-chain account. After checking all the details, please hit on the Withdraw bar.  

Directions to Deposit Assets in Lobstr Wallet

• Withdraw a trustline: Depositing a fiat currency or off-chain token to your Stellar account requires you to include the corresponding Stellar asset. You must search for the purchase on the Assets page or include a custom asset.

• Search the Deposit/Withdraw options: The Deposit bar is applicable for those assets where the Deposit option appears. The choice shows that the anchor/issuer of the token permits transferring the asset to the Stellar network.

• Choose the asset and head to the Deposit option: From the Assets page, choose the asset you would like to deposit to your Stellar account and hit on the Deposit option.

• Submit deposit and KYC information, if needed by the issuer: After considering all the above detail, you may require to enter the amount and deposit type. A few asset issuers may need you to offer a list of personal information or identify documents or generate an account in their service to withdraw or deposit funds.

• Lastly, Go through the deposit directions: You are required to read all the deposit directions given by the issuer of the asset. You have to ensure that you have to review and deal with the deposit fee, the minimum deposit quantity, and the time calculated to get the asset. And you will complete the procedure. 

Final Verdict

Lobstr Wallet is a universal solution for all Stellar currency enthusiasts. You can send, receive, store, and change this currency straightly in your mobile device or PC wallet. Therefore, you require to head to the above sections to know the wallet better and commence your journey on it.