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Best Stellar Lumens (XLM) Wallets 2019 – Safely Store XLM Tokens



Stellar Lumens is one of the most often talked about projects on the crypto market. Known for its token’s ticker XLM, Stellar at one time managed to overtake competitors become the 4th most valuable cryptocurrency in the world. And while this mentioned rise can mostly be attributed to BCH going through a rather turbulent period of its existence, Stellar has legitimate reasons to be placed as high as it currently is.

Being a decentralized platform that looks to provide worldwide, cross-border payment service to underbanked, unbanked and even properly banked people of the world is one of those reasons.

Arguments why Stellar Lumens is a project that promises to connect financial institutions and individuals with speed, reliability, safety and affordability never seen before are many. Some community members point out that XLM is very similar to XRP in terms of centralization and question its claims to the throne of decentralized cross-border payments.

We won’t be covering any of these arguments in this article; today we’ll be focusing on how you, the average investor, can store your XLM tokens.

How to store XLM?

Naturally, you’ll need a wallet to store your XLM, just like with any cryptocurrency on the market. The tokens can be purchased through a very wide range of cryptocurrency exchanges.

Each of these exchanges will have a native wallet that can be used to store your XLM; however it’s not recommended to leave your cryptocurrency on a wallet whose private keys you don’t control.

This means that you’ll want a wallet whose private keys remain in your possession. You’ll also ideally want to have a wallet that will store your cryptocurrency in a safe way and offer features like password encryption, 2FA and PIN wallet locking.

Finally, ensuring that this wallet will keep getting support in the future – both development and customer – is something you should do as well. Thankfully, there are more than enough quality wallet solutions that offer XLM storing while having all or most of abovementioned features.

Stellar Lumens website offers 17 wallets that can be used to store their cryptocurrency XLM:

Stellar Desktop Client (renamed into Foxlet last April when the final, 4.0 version of the wallet was released) is the open-source desktop wallet of the Stellar Lumens project. Foxlet wallet can be installed on your Windows, Linux or Mac and is a Stellar-specific wallet, meaning that it can store only your XLM currency. The wallet does provide the option of depositing and withdrawing Chinese yuan (CNY) as well.

This wallet lets you encrypt your XLM wallet private key and then store it on your own computer, meaning that your wallet will be as safe as said computer. Key features of the wallet include:

  • Free to download
  • Login information stored locally
  • Send and receive/ buy and sell XLM
  • Add trust from known anchors
  • Create your own asset
  • Deposit/withdraw CNY

Foxlet is a good wallet that maybe lacks support for other currencies but offers a safe, Stellar-approved way of storing your XLM.

This lightweight solution offers you a simple way of managing your XLM funds. Use this lightweight client to send and receive lumens over the Stellar network over your desktop.

You can sign into the viewer either by imputing your private key into it or by generating a new key pair for a new account. Some might be uneasy with sharing/generating their private keys online but Stellar Account Viewer has an impeccable record when it comes to safety of said keys.

XLM Price Prediction for 2019

You can even use this viewer to generate a new wallet, write its private/public keys down on a piece of paper and store XLM on that public address. For a bit more interactivity and ability to manage your funds, the viewer can be connected to hardware wallets like Ledger Nano S or Trezor One/Model T.

Ledger Nano S

Ledger Nano S is one of the most popular wallet solutions on the market. The wallet is a hardware solution which can store your Bitcoin, Ethereum and many other altcoins.

The wallet is the safest storing option for your cryptocurrency. The wallet has been a mainstay of the crypto community for a while now, with everyone from the average beginner to the experienced investor recommending it as one of the best storage solutions.

READ  Top 11 Best Ethereum Wallets 2019 [Updated]

The device looks like a USB device and has an OLED screen which lets you check your transactions. It can be hooked up to a computer via a USB cable which lets the Ledger Nano S connect to the internet and lets you use the desktop Ledger Manager app.

The manager has a Stellar app pre-installed on it; this interface requires you to connect your Stellar Account Viewer to it in order to be able to see your XLM balance and manage your currency. Learn how to do so here. The device comes with 2FA, a secure PIN code and options to recover your wallet if something happens to your device.

Popular hardware solutions from Trezor, not listed on the Stellar website but they do offer XLM storage capabilities. These wallets are a bit more beefy and robust than Nano S but they offer rather similar features. You can connect your Stellar Account Viewer to this wallet through the Trezor Bridge software.

BlockEQ is a XLM-supporting wallet that can be downloaded for iOS, Android, Mac OS and Windows 10. It is a solution which allows you to maintain control of your private key by writing down the 24-word seed generator on a piece of paper. The desktop wallet also offers an advanced passphrase option that allows the user to add a second layer of protection on top of their 24 words.

The wallet has recently been acquired by the Canadian exchange Coinsquare. BlockEQ team will keep developing the wallet while operating as a subsidiary of the exchange platform and it remains unclear if there will be any integration between the two companies software.

The wallet lets you store XLM, as well as any token from the Stellar Network. BlockEQ is also the first native iOS wallet that supports trading on Stellar’s decentralized exchange SDEX. It includes additional options like PIN protected private key, ability to receive inflation every week, detailed balance summary, and exchange address recognition. Read the tutorial on how to set this wallet up here.


Atomic Wallet works as a decentralized wallet platform for custody-free, immutable, cross-chain, and transparent cryptocurrency trading. The trading takes place on the wallet’s decentralized atomic swap exchange. This exchange lets users operate without the need to register and perform annoying and privacy intruding KYC/AML verifications. Enabling anonymous cross-chain swaps with no third party risk, the wallet is a safe and private solution for managing your cryptocurrency. Atomic Wallet is capable of storing over 300 cryptocurrencies, including XLM.

The wallet offers several features, including the old fashioned instant exchange or direct cross-chain atomic swaps through two integrated exchanges, Changelly and Shapeshift. With low fees, wide variety of coins on offer and a well-tuned user interface, this wallet is available for your desktop Linux/Windows/Mac. Mobile wallets are expected to happen soon.

The Clic Wallet is an interesting addition to the Stellar’s wallet lineup. It is a peer-to-peer Stellar wallet that makes use of federated Stellar addresses, letting users send money like an email anywhere in the world. This is much simpler than having to memorize and type out the full wallet public key whenever you want to send funds.

This wallet includes a multi signature vault and a crypto-to-fiat mobile and e-commerce payment facility ClicPay. ClicPay allows its users to:

  • Store XLM and other pre-approved Stellar tokens in an operating wallet as well as in a multi signature vault.
  • Do payments or cash out in any local fiat currency using XLM or other approved tokens direct to a ClicPay enabled merchant
  • Send fiat currency direct from XLM or other tokens to any Clic Banking wallet

Clic wallet is currently available on the Google Play Store, with an iPhone version under development. The wallet is being developed by, a project looking to build a worldwide connected financial eco-system. Read more about this up and coming Stellar asset manager here.

A wallet solution created by Stronghold, a financial services platform that enables payments, trading, and USD reserves using products like Stronghold USD (platform’s stablecoin) and their platform APIs.

Creating a wallet will require you to register for a Stronghold account, after which you’ll be given a dedicated storage space for your currency. The wallet is open-source and lets you easily store or send your XLM tokens in less than a minute.

It’s a reliable solution which currently lets you store Bitcoin and Ethereum alongside XLM. It is a web wallet so take note that it can potentially be less safe than some of the other solutions on this list.

READ  Most Undervalued Coins To Invest in 2019 – “Cheap” Cryptocurrencies With Big Potential

Other notable mentions

Stellar’s website mentions one Astral Wallet, a web-based Stellar wallet which lets you store XLM, receive payments from the inflation pool, create multiple accounts and additionally store MOBI and SLT tokens. The issue with this Astral is one similar to the one we had with Stronghold; being an online wallet, your funds are potentially less secure than with other solutions.

Stellarport is a lightweight, desktop, web-based portal to the Stellar network. It lets you view your wallet, send payments and trade on the decentralized exchange. It offers a smooth intuitive interface, real time trading/account monitoring, payments in any asset and flexible signing options (even with a hardware wallet). Its only “issue” is that it’s also an online wallet.

Smartlands is a security token issuing platform which helps projects with auditing, legal and other preparations required to launch their very own ICOs. It also comes with a neat built-in wallet which lets you control your balances, make payments, trade and even issue tokens. Of course, it also lets you store XLM. The wallet allows you to generate your keypair on the spot or enter your existing private key. Again, it is an online solution which comes with its own risks.

The website also lists the Blockchain Wallet for some reason, a popular online/mobile wallet with a solid pedigree and 15 million users behind it. However, this wallet only supports BTC, ETH and BCH at the moment.

Papaya Wallet is an interesting solution offering simple storage of XLM/several other cryptocurrencies like BTC, LTC, EURT etc. The wallet is a Telegram bot which functions as both multi-currency wallet and a peer-to-peer marketplace for cryptocurrency trading. It can be used on Windows, Linux, Mac, Android, iOS, FirefoxOS, Windows Mobile, aka any platform that supports Telegram. With federated addresses and cross-currency transfers supported, this one is a lightweight platform you can consider.

Firefly Wallet is another solution suggested by the Stellar website. Built on top of the Stellar Lumens network, Firefly is only one of the few XLM-suitable wallets that can be used on iOS devices. It also offers a native Firefly exchange and is apparently capable of completing transactions in 2.5 seconds. Being located in China and having its promo material riddled with spelling errors, this one didn’t earn the community favor either.

Saza Wallet is described as a desktop wallet that can be downloaded for your Windows/Mac platforms, Saza is meant to help its users manage their lumens and other assets. It’s a Nigerian-made wallet which offers several useful features, including federated addresses, multiple accounts, support for inflation pool and anchors. Saza has also stayed on the fringe in terms of community adoption.

StellarTerm is a desktop client (supports Windows, Mac, Linux) that can be used to access the Stellar Decentralized Exchange. It lets you send, receive and trade assets on the Stellar Network. It does require you to input an active wallet’s private (“secret”) key which needs to have at least 20 XLM on it. It enables easy, safe trading on the Stellar Network and comes with a list of anchors that’ll make your network using experience much simpler. StellarTerm is developed by Ultra Stellar, LLC, the same company that developed the LOBSTR wallet. That being said, the project hasn’t been very active on GitHub as of late.

Stellar Lumens’ website suggests several other wallets like Lobstr or Stargazer; we cannot recommend these storage solutions as the community reviews for these have been somewhat poor. Finally, Centaurus wallet is mentioned as well, but this one also has a lot of negative reviews on Google Play and hasn’t been updated since December of 2017.

Final thoughts

This concludes the list of 17 wallets offered on the official Stellar wallets list. You’ll find other third party solutions like Guarda online but since these weren’t covered by the project themselves, we’ll leave it out of our list as well. The solutions we covered are more than enough to get you rolling and storing. Considering the fact that the markets are reaching the bottom of the current bear cycle, you don’t have many reasons not to buy and store your first XLM in one of the wallets from this list.

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IBM Vice president on Stellar: “Potential to really change the World”



Following the announcement by IBM that they would be partnering with Blockchain company Stellar for their remittance payment system called World Wire, IBM Blockchain Vice President Jesse Lund, explains how World Wire will solve the problem of global payments and why IBM chose to build it on the Stellar network.

In a recent Youtube video, Lund talks about the fact that 2 billion people in the world do not have access to financial services, calling this “unacceptable”. Lund also explains that due to the current traditional global payment infrastructure, it is more efficient to courier money via FedEx, stating “when it becomes more efficient to FedEx cash, something is wrong”

Lund explains that if everyone is using a shared ledger, bank balances can have relationships with other banks in one system, eliminating intermediaries. IBM have since partnered with Stellars protocol to create their latest product called World Wire. World Wire is a network that works with the Stellar protocol to effectively transfer and store value for digital assets.

Lund talks about why IBM chose to work with Stellar, stating that Stellar have thought about scalability, “Stellar provides an amazingly simple way to issue digital assets, which is really paramount to the use and the vision behind the World Wire system”.

 Read more: 4 questions (and answers) about World Wire and the rise of Stellar’s XLM

Stellar will allow World Wire to focus on global payments, allowing “thousands of players who could come to the network and add value”.

Lund explains that the integration of World Wire with Stellar has been “very well received, Stellar got it right at the right time”.

The Youtube video concludes with Lund saying “So when you combine all of what Stellar does, all of what IBM is trying to do with World Wire and you put those together, now all of a sudden you have a capability that has the potential to really change the world, to have an impact on humanity and I think that’s really cool”

Source :chepicap

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Stellar provides a bridge between private networks and Bitcoin’s open wild-west network, says IBM’s Jesse Lund



Stellar and IBM partnership led to the creation of World Wire, a solution for moving money across borders and domestically with less friction.

In the video released by Stellar Development Foundation, Jesse Lund, the head of blockchain solutions at IBM, spoke about the traditional payments rails and how they were archaic and in a dire need of an upgrade. Lund also explained the partnership dynamics between Stellar and IBM that led to the development of World Wire. He also added that Stellar and IBM snatched the opportunity just in time.

Moreover, Lund said that it was faster and efficient to move money through FedEx than traditional payment channels, which was “unacceptable” considering the 2 billion people that still do not have access to payment services. He stated:“Modern technology hasn’t provided a way to optimize the movement of money around the world…”

Lund continued that it would be easy if all the banks in the world were on a single platform and interconnected with each other, but “that (was) not realistic, not feasible at least not until now”.

He said that if every bank was using a distributed ledger, it would be possible to represent the balances of every bank in one system as every bank would be conceptually interconnected with each other. This would eliminate the “hops” and the “intermediaries”. He added,

“World Wire is a network of networks that is built on top of Stellar protocol, which provides a blockchain protocol that is tailored and tuned for the transfer of value and the store of value through the issuance of many different types of digital assets.”

Moreover, Lund explained:“We chose stellar because it has thought about scalability it’s rethought the underlying mechanics and some of them are quite complex… the other benefit of Stellar stellar provides an amazingly simple way to issue digital assets which is really paramount to the use and the vision behind the world wire system.”

Lund added that Stellar provided a bridge between a private network and Bitcoin’s open wild-west network. Lund also mentioned that it was possible to create sub-network and enforce certain rules on the participants while not giving up the transparency and the openness of having an open network.

Source. ambcrypto.


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Stellar Lumens [XLM]: Western Union partners with Thunes to explore cross-border payment solution using blockchain



After Ripple, Western Union has partnered with Thunes, a cross-border payment network, to improve its network, and provide more value in emerging markets.

Thunes, previously known as TransferTo, partnered with to further enhance the way in which money is transferred across borders. The partnership between Thunes and Stellar will leverage Stellar’s distributed ledger to obtain instant clearing, settling, and execution, enabling value to move across borders and directly between banks and payment gateways.

Speaking to Fintech Magazine, the CEO of Thunes, Steve Vickers, said,“Our payments platform seamlessly interconnects payment providers globally and enables interoperability between diverse payment systems, and by utilizing our vast network Western Union Customers will now have more flexibility when sending money across borders.”

This partnership follows Stellar and IBM’s launch of World Wire, a cross-border payment solution, in 72 countries around the globe. World Wire will operate on the Stellar blockchain and its native asset Lumens XLM, but since it is currency agnostic, a wide range of currencies can be used, including fiat currencies.

The partnership between Stellar and Thunes was struck in July 2018 to further improve Thunes’ reach into emerging markets. However, the reach of both Thunes and Stellar has grown since then.

Sandra Yao, SVP Africa at Thunes,told Fintech Magazine,“We are very excited with this partnership. Obviously, digitization is a very big thing and it’s a very big move for Western Union to move from traditional cash payout now to the digital wallet payment. We’re happy to bring on board value-added service for them.”

Additionally, Yao stated,

“We improve efficiency and remove the difficulty of getting cash… we save a lot of time and add a lot of convenience.”

@GoodTexture, an XLM enthusiast and Twitter user, commented,“Western Union gave #Ripple the cold-shoulder repeatedly because of secret developments on #Stellar in the background. Unbelievable $XLM”

@samconnerone, another Twitter user and XLM enthusiast, tweeted,“Damn it’s a wrap….Western Union partners with Thunes….Thunes is the rebranded arm of TransferTo…TransferTo uses @StellarOrg. Any questions?? #XLM #Stellar”

Source. ambcrypto.


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