Review on Lobstr by Danh Huỳnh Ngọc Công
Lobstr - Love Stellar Lumen
Lobstr is a good wallet for managing assets on Stellar Lumen blockchain. The wallet is well-designed with many good functions that act as a good assistant helping the owners protect and make profits from their coins and tokens. I definitely recommend this wallet to XLM lovers
Pros
- - Account registration is as simple as possible. All we need is an email address, a mobile phone number and a new password. The account will be activated after email verification. Lobstr will credit your account with one and a half XLM to activate the address
- - The interface of the app is so well-designed giving a very comfortable feeling using it. It is also very easy to navigate where we can do certain task as the layout is well-arranged and obvious. Users can always find useful instructions and tips with the useful help centrer
- - Your account on Lobstr will be secured with some security methods such as two factor authentication, or fingerprint unlock. It is also open-sourced whose source code can be found on GitHub; therefore, it is totally transparent about the operation and security. Developers can build their products around this wallet easily
- - Users can find their support at Help Center (a FAQ page which gives quick answer for frequently asked question), via email (provided on their website), or the chat box ( on the right of the website)
- - Lobstr allows all the tokens on Stellar Lumen blockchain to be stored on it. Sending and receiving XLM and tokens on XLM blockchain is very easy, quick and convenient. Besides the addresses, they can be transferred through QR codes, phone numbers, and email addresses. It is up to the choice of users
- - It has an external exchange that help users trade the assets on the blockchain conveniently on the app
- - Lobstr is well known among Stellar Lumen community and it is listed on the official website of the blockchain so users can rest assured
Cons
- - The wallet will not auto log out when you turn it off. It may be not secure if someone takes the control of the wallet
- - Asking for email is maybe OK but asking for a mobile phone in registration stage is a little bit not private enough.
- - Lobstr required the possession of the assets to use the exchange inside it. This prevents users to preview the exchange before deciding to send their assets (which are precious) to the wallet
