Review on Lobstr by LUIS RIVERO R

Name: Lobstr
Item: Lobstr
Rating: 3

November 22, 2020

Specialized to store XLM. custody.

Lobstr has a really interesting and agile user interface that will allow you to store and use your Stellar Lumens and any other assets issued on this network.
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-The registration process is extremely simple, similar to the one carried out in exchange, it takes a few seconds to carry out this operation, it is important to note that you must configure the maximum level of security of this wallet to avoid inconveniences.
-It is totally online, that is, if you are looking for an option that allows you to be connected with your assets at any time this is an excellent alternative.
-It is very similar to an exchange, its interface, I mean the registration process and how it looks.
-The end user does not handle private keys in its entirety depends on the custody of LOBTR.
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In general, due to the way in which it was designed, it is perfect for making p2p payments, as well as for buying different cryptocurrencies using fiat money, in a safe and encrypted environment allowing you to keep your funds safe as long as you configure all the available security protocols . What I would recommend activating is the multi-signature service to manage withdrawals, you must always make confirmations required to process transactions and all payments made are notified in real time.
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Pros

Service available for android and iOS devices.
Storage with different security protocols.
Easy-to-use, clean and clear user interface in each of the options.
Synchronization to the secure and encrypted network.
Standard security, to those used in exchanges. 2fa, pin, among others.
Low transaction fees.
Purchase of digital assets in a secure environment using the main fiat payment methods.

Cons