Review on Lobstr by Gabriel Medina
Stellar Recommended Wallet
This is probably one of the safest and easiest Stellar wallets to use. It is essentially created to hold the Stellar Lumens (XLM) cryptocurrency. Among the highlights of this wallet is that it has a good interface in its web application and also offers versions in mobile applications for iOS and Android. All this totally free. In terms of security, it includes two-factor authentication, encryption (for web and mobile browsers), and the PIN option (for mobile only). Therefore, this wallet is completely secure and is one of the most recommended. The stored private key is also safe, but we must avoid losing it because it would be a risk of losing our funds.
Overall, Lobstr is a wallet that does its job well for storing and managing XLM easily. The design is completely simple and its use is relatively easy. In addition, it has its own built-in exchange, additional layers of security, and is open source for any additional modifications required by users. However, the only detail is in the creation of a new address when we want to receive coins and we will not be in full charge of the private key.
Pros
- Team that constantly works to improve the wallet and is also open source, so it is open to additional modifications by users.
- Integrated exchange.
- Two-factor authentication and additional layers of security really incredible for the trust of the users.
Cons
- We must always create a new address when receiving our coins, also we will not be in full charge of the private key.
