Review on Lobstr by Sergio Daniel Delgado
LOBSTR is one of the first XLM wallets...
LOBSTR is one of the first XLM wallets on the cryptocurrency market that was founded in 2014 and officially registered in Belarus. LOBSTR wallet is provided by Ultra Stellar, LLC, an independent commercial entity unaffiliated with the Stellar Development Foundation.
When using LOBSTR wallet, you are directly communicating with the Horizon Stellar API and the Stellar network operated by a decentralized network of several trusted organizations running validators.
LOBSTR can be called almost the most convenient wallet for mobile gadgets since it is an easy-to-use mobile wallet with an attractive interface. Through the LOBSTR wallet, you can easily send and receive Stellar. A comfortable and simple user interface is perfect for beginners, as you can quickly navigate it.
LOBSTR co-founder Gleb Pitsevich said that the wallet is designed for a simple and secure way to manage Stellar assets, providing the best opportunities for both web users and mobile users
Pros
- Integrated exchange
- Fiat option
- Two-factor authentication (2FA)
- Open-source
- Touch ID support
- Real-time cryptocurrency price updates
- Merge tool
- Help desk
- Mobile app
Cons
- The low range of currencies (since it is Stellar wallet)
- Lack of Hierarchical Deterministic Generator
