LOBSTR Wallet- Manage your Stellar Lumens on the go

When choosing crypto storage, don't hesitate to make a lot of considerations because you are ultimately going to store highly expensive and valuable crypto assets in it. While doing so, if you happen to come across LOBSTR Wallet, then I would suggest you go through the background details of this wallet. Hence, to help you with this, I am going to share some exclusive details on the usage of this wallet so that you can get familiar with its usage.

Starting from the basics, this is a leading wallet that allows you to store and manage Stellar Lumens and other crypto assets present on the Stellar network. The wallet allows you to discover new tokens, hold them, and send and trade crypto assets directly on the platform. Not only that, you can also track the prices of different tokens and get a clear glance at the current market in a very secure manner.

LOBSTR wallet comes with an exclusive set of features and this is what makes this wallet unique in many ways. Hence, this section of the read will give you an in-depth analysis of the features that come with this wallet:

• Beginner-friendly:If you are going on board with this wallet for the first time, you will find it extremely easy to use. In just a few seconds, you will be able to create an account and deposit your assets into it.

• Buy crypto including Lumens: Using different payment methods such as VISA or MasterCard, you can easily buy XLM (Stellar Lumens), Bitcoin, ETH, and other assets directly from your LOBSTR account at a very low fee. 

• Directly send and receive crypto tokens: Receive crypto tokens from your friends and family in a matter of seconds and send them tokens directly from your account using QR codes and easy wallet addresses. 

• Track your portfolio: Well, you can easily discover diverse assets, manage them, and check market statistics, and asset balance as and when you want. 

• Trade crypto:Another enticing feature of the LOBSTR wallet is that it allows you to trade a wide range of crypto pairs. You can do so because you're given direct access to SDEX (Stellar Decentralized Exchange) right at your fingertips. Apart from trading, you can also go through real-time prices, dynamic crypto charts, and market history. 

Security and Trust are the two features that you look forward to in a crypto wallet and they should be the primary deciding points when it comes to choosing a safe storage for your assets. In the presence of many crypto wallets, if you happen to choose LOBSTR Wallet, then this wallet will be a great choice for you.

When we look at this wallet from the safety perspective, we get to find out that it comes with diverse security features such as passcode authentication, Face ID confirmation, etc. For enhanced safety, you can also enable two-factor authentication, turn on IP confirmation, or enable multisig protection. Enabling multisig protection is easy and you can do so from within your wallet in just a few steps. Once you have enabled it, you can verify the details of all outgoing transactions and approve/reject them accordingly.

Filling up the registration form and creating a new LOBSTR wallet is simple. The wallet creation has to be completed at two different stages i.e. creating a LOBSTR account and then setting up a new wallet. So, let me break down the steps for you right below:

1. Go to https://lobstr.co/ website from your device

2. Following this, you should choose the "Get Started" option

3. Then, you may enter the email address and a password twice

4. After confirming the password, choose "Create Account"

5. Check your inbox for an email from LOBSTR

6. Verify your email address and complete the account activation

After you are done with this, you need to create a Stellar account for which the details have been given below.

1. Go to the "Settings" menu and choose "Wallet" under this tab

2. From here, choose to connect an existing wallet or choose "Create Wallet"

3. Press the "Create Wallet" button if you are a new user

4. Provide a preferred username in the given section and select "Create Wallet"

5. Read through the given details and select "OK, I Agree"

6. Now, you can save your Secret Recovery Phrase

7. You can also allow the platform to email you the seed phrase

8. When done with the backup, choose "OK"

That's it! Now you can use any function of the LOBSTR wallet.

The main reason why one uses a crypto wallet is because he wants to provide guaranteed safety to his crypto assets. Since I know that you are new to this platform, I would like to guide you on how you can make your first crypto deposit in your LOBSTR wallet. Here is what the process looks like:

1. First of all, open the LOBSTR wallet website or its application

2. Sign into your account and go to the "Settings" tab

3. Then, move to the "Wallet" tab and then go to the "Receive" screen

4. And choose the "Deposit" option

5. Now, you'll be provided with the wallet address on the next page

6. Copy this address and use it to receive crypto into your wallet

LOBSTR wallet is the only crypto wallet present out there that comes with many exciting benefits. The wallet has integrated exchange, and fiat deposit options, and is open-source. Not just that, it is a highly secure wallet that comes with several security features such as Face ID and two-factor authentication. Moreover, it gives you real-time cryptocurrency price updates and comes with a helpdesk to help you get rid of any hurdles on your way.