The best Stellar Lumens (XLM) wallets put to the test | Review and guide

To make the search for a Stellar Lumens (XLM) wallet as easy as possible for you, we have tested several wallets extensively and created a ranking of the best Stellar Lumens wallets. In this article we summarize the experiences from our tests as well as the most important information about the different wallets.

Depending on whether you are looking for a hardware wallet, desktop wallet, Smartphone wallet or Web Wallet, you will receive a recommendation from us. The article is structured in such a way that we go from the most secure wallets (hardware wallets) to the most insecure wallets (web wallets).

As an introduction to the topic, however, we will first give you a theoretical introduction to the topic. From our point of view, a basic understanding of the technology is essential to understand which wallet is the best XLM wallet and why. If you already know your way around, you can also skip the info boxes and read our recommendations for the best Stellar Lumens hardware wallets.

The Basics of Cryptocurrency wallets:
A Stellar Lumens (XLM) wallet is a kind of digital wallet. In comparison to a wallet for Fiat currencies, however, it is not the cryptocurrency itself that is stored in the wallet, but the access key. The access key is the “private key”. Depending on whether this is stored online or offline, the technical language speaks of a

  • cold wallet or
  • hot wallet.

While the private keys in a cold wallet never come into contact with the Internet, they are in contact with the Internet in hot wallets. Experts therefore consider hot wallets to be much less secure, as hackers have a point of attack over them. The moment the transaction is signed (i.e. released) using the private key, hackers have the chance to intercept the access key and gain control over your Stellar Lumens.

This pragmatic but decisive difference is the reason why crypto investment companies and cryptocurrency exchanges store most of their customers’ money on cold wallets in order to protect Stellar Lumens (XLM) from possible theft. You should take an example from this! The storage of Stellar Lumens offline can be realized in the private customer area using paper wallets or hardware wallets.

In addition, there are three types of hot wallets, which differ in that the “private keys” are saved on different types of media or data carriers:

  • Stellar Lumens desktop wallets
  • Stellar Lumens mobile wallets
  • Stellar Lumens online wallets
What are the Private and Public Key??

The terms private key and public key are derived from asymmetric cryptography, a method of encrypting data. This technology is used for Bitcoin, Stellar Lumens and other cryptocurrencies to mask the data to be transmitted. The private key and the public key are a pair of keys which are inseparably connected to each other and are necessary for encryption and decryption.

The private key is a randomly generated string that represents the ownership of the cryptocurrency. On the other hand, the public key represents, simply put, the wallet address, which is the receiving address of a transaction. (Strictly speaking, the wallet address is a hash version of the public key). In contrast to the private key, the public key or wallet address is not secret. The private key must therefore not be passed on to a third party at any time. The Private Key enables the owner to send the cryptocurrency.

Important to know!
The minimum amount of XLM on a wallet is currently 0.5 XLM.
Each Stellar account must have this amount in order to be active on the network. Any transaction that would reduce the balance of an account to less than the minimum will not work. Further information can be found under this link.

Beyond the theoretical understanding, we want to give you two pieces of advice:

1.Even before buying Stellar Lumens (click here to read our guide) you should consider which wallet you want to use to store your private key. If you have made this decision before purchasing, you can enter your wallet address as your destination address during the purchase process and save time and money.

2.Second, you should get your XLM off an exchange or broker as soon as possible. From our point of view, there are two very important reasons for this. As you know (now), the private keys are the access keys to your cryptocurrency. When you use a trading platform such as Binance or Coinbase, you transfer ownership to them. The second problem arises from this: cryptocurrency exchanges are popular targets for hacker attacks. The list of exchanges that have been hacked in recent years is long! Therefore, you should manage the Private Key yourself and keep XLM on an exchange only as long as necessary.

Stellar Lumens hardware wallets

Cold storages include hardware wallets and are the safest and best possible alternative for private customers to store cryptocurrencies in the long term according to the current state of technology. With established and proven hardware wallets, it is almost impossible for the private keys to be stolen from the device due to numerous security mechanisms. The main reason for this is that the private keys are stored isolated on the Hardware wallet without ever coming into contact with the Internet.

Since the hardware wallet has to be connected to the Internet for at least a short time to enable incoming and outgoing transactions, hardware wallets are built in such a way that only “non-critical” components are online.

This means that the private keys as well as the backup phrase are stored isolated on the device and do not leave the device even when signing a transaction, i.e. confirming it on the device (by pressing a key on the hardware wallet). As a result, even if hackers succeed in compromising the management software (Ledger Live or Trezor Bridge), they cannot make a transaction.

In addition, the hardware wallets presented in the following have additional security functions that optimally secure them in the event of analog theft. The Ledger hardware wallets as well as the Trezor Model T can be secured with a PIN and 2-factor authentication. This makes it very difficult to steal Stellar Lumens (XLM) even in the event of physical theft.

Therefore hardware wallets are for us an absolute must-have for crypto investors, even if they are not free of charge. The cost/benefit ratio clearly speaks for an investment. Even the price for our test winner, the Ledger Nano X (about 120 Euro), is compared to the amount you probably invested in XLM and other cryptocurrencies as rather low.

The advantages of Stellar Lumens hardware wallets:
✅ Highest security standard
✅ Cold Storage: Storage of private keys offline
✅ Each transaction must be confirmed on the wallet at the push of a button.
✅ Ledger and Trezor support more than 1,000 cryptocurrencies
✅ Regular updates
✅ Very good customer support

The disadvantages of hardware wallets are:
❌No deposit insurance as with eToro
❌ The storage of Stellar Lumens (XLM) is your responsibility. However, this can also be an advantage!

The best 3 Hardware Wallets in 2019
Hardware WalletInfoTest
Ledger Nano X kaufen

⚡ OUR test champion: The Ledger Nano X
✅ Manage 100 cryptocurrencies simultaneously
✅ Compatible with more than 1,100 cryptocurrencies
✅ Bluetooth connection for mobile wallet
✅ New flagship of the market leader
⛔ Price: 119,90 € - in the middle range

Testbericht lesen

Read our review

Ledger Nano S kaufen

⚡ Best price/performance ratio: The Ledger Nano S
✅ Very good Price: 59,90 €
✅ Compatible with more than 1,100 cryptocurrencies
✅ Proven quality: more than 1.3 million units already sold
⛔ Manage max. 5 cryptocurrencies simultaneously

Testbericht Ledger Nano S

Read our review

Trezor Model T kaufen

⚡ 3rd place: The Trezor Model T
✅ Over 1,000 cryptocurrencies supported
✅ Proven quality from Trezor
✅ Firmware is not installed on the device until you start it
⛔ In comparison to the Nano X: less features and functions 
⛔ High price: about 180 €

Testbericht Trezor Model T

Read our review

1.Ledger Nano X

Not only for Stellar Lumens (XLM), but also in our comparison test of 8 hardware wallets the Ledger Nano X is our test winner in the category Stellar Lumens hardware wallets. The successor of the Ledger Nano S was introduced in May 2019 and offers some new features compared to the “old” model that justify the purchase even if you already own a Nano S. The new Nano S is a Nano S with a new design and a new design:

  • Bluetooth function: The Ledger Nano X can be paired with a smartphone via the Bluetooth function. This allows users to send their Stellar (XLM) via a smartphone without compromising the security of the cold wallet.
  • Larger memory: The internal memory of the device has been greatly increased, so that now 100 apps for cryptocurrencies and additional functions can be stored on the new Ledger Nano X.
  • Larger screen: The screen has been enlarged. This means that longer reception addresses can now be shown completely on the display, making it much easier to check the address.
  • Improved security chip: The central component of the hardware wallet has been reworked and further improved from a security point of view.

Conclusion: From our point of view, there is currently no safer and more user-friendly hardware wallet than the Ledger Nano X! If you would like to learn more about the Ledger Nano X wallet, we recommend that you read our detailed guide and review.

Supported cryptocurrencies
The Legder Nano X can store the private keys of over 1,100 different cryptocurrencies. In addition, the list is constantly expanded by ledger. A big advantage of the Nano X over the Nano S is that it can store up to 100 apps (instead of 5). This allows users to manage up to 100 cryptocurrencies on the device.
The usability of the Ledger Nano X is unbeatable. All steps, from setup to operation, are well explained and very easy to learn. In addition to hardware, the free Ledger Live App is required to view the portfolio and initiate transactions.
Transparency & Fees
The Ledger Live Software is Open Source and therefore tested by the crypto community. However, the operating system is a secret to ensure (according to Ledger) a higher level of security.

The transaction fees are displayed transparently and correspond to the network fees. There are no costs for using the Ledger services (beyond the purchase price for the Nano X).

Ledger’s technology is considered to be industry-leading and is used not only in hardware wallets, but also in the corporate sector.

The Bluetooth function, which was initially strongly criticized by the crypto community, can also be regarded as secure and does not represent a security risk, since only non-critical data (not the private key and not the recovery seed) is transferred via Bluetooth. Thus the Bluetooth can be used without hesitation.

2.Ledger Nano S

Even though the Ledger Nano S has been on the market for a few years, it is still one of the best hardware wallets on the market. In recent years, there has not been a single (known) incident in which cryptocurrencies could be stolen by the ledger Nano S.

With a price of only 59 euros, half the price of the Ledger Nano X, it is an absolute bargain that can store the private keys of well over 1,000 different cryptocurrencies via Ledger Live Software.

Conclusion: If you have only a few different cryptocurrencies besides XLM and can do without the additional functions of the Nano X, the Nano S with a price of only 59 Euro is our top recommendation.

Supported cryptocurrencies
Both the Ledger Nano X and Nano S use the Ledger Live Software and can manage over 1,100 different cryptocurrencies. However, due to the smaller memory of the Nano S, a maximum of 5 apps (for cryptocurrencies and other programs) can be installed on the Nano S at the same time.

This means that the apps for cryptocurrencies have to be installed and uninstalled alternately. The balance is not lost because all data is stored on the blockchain. If the little effort is not too much for you, the Nano S is the best choice for you.

The operation of the Ledger Nano S is also very simple and intuitive. This is done via the 2 buttons on the device. Additionally you need the Ledger Live App, which is identical for the Nano S and Nano X.
Transparency & Fees

The Ledger Live Software is open source software whose source code is publicly available. However, the operating system of the Ledger devices is a trade secret.

The fees for a transaction (network fees) are transparently listed in the Ledger Live Software. Ledger himself doesn’t charge.

Ledger’s technology is industry-leading. This is not only used by Ledger Hardware wallets, but also by the company to securely store private keys of cryptocurrencies.

3.Trezor Model T

Like Ledger, SatoshiLabs has completely revamped its long-standing success model, the Trezor One, and released the Trezor Model T in May 2019. A major innovation is the Trezor Bridge software, which makes more cryptocurrencies compatible with the Trezor. The software serves as a “bridge” between the Trezor Model T and third-party software to support previously incompatible coins.

In the case of Stellar (XLM), the Stellar Account Viewer, a lightweight client, is required to send and receive XLM over the Stellar network. Apart from the larger number of compatible cryptocurrencies, Trezor has upgraded its hardware wallet with numerous other improvements:

  • Touchscreen: The Trezor Model T has a touch screen that confirms the transactions on the device.
  • Firmware Upgrade: The firmware, Trezor Core, has been completely revised and improved for security reasons.
  • More powerful processor: The new Model T has a faster processor, which makes operation even smoother.
  • Card slot for Micro-SD: A Micro-SD card slot has been added that can be used for data encryption.
  • USB-C Port: The “old” USB port has been replaced by the new industry standard, USB-C.

Conclusion: Due to the high price (around 180 euros), the Trezor Model T only came third in our ranking. From our point of view, the Ledger Nano X offers a better price/performance ratio, as it is around 60 euros cheaper and has a few more practical features. In addition, the Nano X has more native apps, requires less third-party software, and is more intuitive to use.

Supported cryptocurrencies
The Trezor Model T can manage more than 1,000 cryptocurrencies using specific third-party software of individual cryptocurrencies (e.g. Stellar Account Viewer, AdaLite, MyEtherWallet, Monero GUI Wallet, etc.). A complete list of all supported cryptocurrencies and the necessary third-party software can be found on the official Trezor website.
The Trezor Model T is very high quality. The touch display works very well and due to the new processor the Model T runs very smoothly. In addition, the new Trezor Bridge software offers numerous new functions that are very easy to use.
Transparency & Fees
Most of the Trezor software and hardware is publicly available on GitHub and therefore transparent. Apart from the acquisition costs, there are no additional fees apart from the network fees of Stellar.
Ledger and Trezor are the best known and most popular manufacturers of hardware wallets worldwide. With the Trezor One, Trezor has launched the first hardware wallet on the market, which was widely used. This gives Trezor the longest experience in the development of hardware wallets, which is also reflected in the quality and security standards of the Trezor Model T.

Stellar Lumens (XLM) Desktop wallets

Desktop wallets are downloadable programs that are installed on a computer to store private keys and send and manage cryptocurrencies. Compared to hardware wallets, they have the serious advantage that they are completely free of charge. However, they also have the disadvantage that all hot wallets have in common: The private keys are not stored offline, but come (at least temporarily) into contact with the Internet.

Because of this, desktop wallets require a great deal of responsibility, as the PC used must be regularly supplied with updates and (good) anti-virus software must be installed. If there is insufficient protection, there is a risk that the private keys will be stolen by hackers. However, if the computer is adequately protected, desktop wallets offer a significantly higher degree of security than web wallets. Desktop wallets are therefore the best free option for storing Stellar Lumens (XLM) in addition to mobile wallets.

Below we have ranked the best Stellar Lumen (XLM) desktop wallets in 2019. But first we’ll show you the advantages and disadvantages of using a desktop wallet:

The advantages of Stellar Lumens desktop wallets:
✅ Storage of private keys on your own Computer
✅ High safety standard
✅ No acquisition costs – use is free of charge
✅ Multi-join wallets partly support over 300 different cryptocurrencies
✅ Regular updates

The disadvantages of Stellar Lumens desktop wallets:
❌ Less security than using a hardware wallet (more vulnerable to hacker attacks)
❌ Responsibility to protect your own PC
❌ Be careful when choosing an unknown wallet: There are known cases of fraud.

Below you will find our top recommendations for a safe and serious Stellar Lumens desktop wallet:

Best Stellar Lumens desktop wallets
  1. Solar wallet (Windows, MacOS, Linux)
  2. Atomic wallet (Windows, Mac, Ubuntu, Debian und Fedora)
  3. Foxlet Stellar wallet (Windows, MacOS, Linux)

1.Solar Stellar wallet

Solar Wallet XLM

The Solar is an open-source wallet developed specifically for Stellar by SatoshiPay and recommended by the Stellar Foundation on the project’s official website. The goal of SatoshiPay is to create a user-friendly wallet that emphasizes speed and security. Accordingly, it is easy to create an account and manage the XLM.

The private keys are stored encrypted on the user’s computer. The key used for this is derived from the user’s password using PBKDF2 with SHA256. This means that the private key is never given to any third party and is very secure as long as the password is strong enough. However, if you forget your password, there is no way to recover your private key unless a backup has been made.

Other features of the Solar wallet include:

  • Multi-Sig functionality to add an additional security level to the wallet.
  • Integration of the decentralized Stellar Exchange (DEX)
  • Testnet support

Conclusion: The Solar wallet is a modern and well designed Stellar Lumens Wallet. If you are looking for a wallet specifically designed for the Stellar network, the Solar wallet is an excellent choice.

You can download the Solar wallet at the following link for Windows, MacOS and Linux.

Supported cryptocurrencies
Only Stellar Lumens (XLM) is supported.
The Solar wallet is a modern and good looking Stellar Wallet, which arranges all necessary functions of a wallet clearly on the start page, so that the operation is very simple and intuitive.
Transparency & Fees
For full transparency, the code is published under the GPL license, so anyone can audit it. There are no fees for download and use.
The security of the wallet is good. The private keys are stored encrypted on the user’s computer so that no third party has access to them. It also offers optional multi-sig functionality.

2.Atomic wallet

Atomic Wallet

If you don’t want to use Stellar-specific development for the storage of XLM, the Atomic Wallet, a Multi-Coin-Wallet, is our top recommendation for you. With over 300 compatible cryptocurrencies, the Atomic is one of the most comprehensive multi-coin wallets on the market and some of the few that support Stellar Lumens (XLM).

The Atomic wallet is also supported by the fact that it has a very well-known publisher, the CEO and co-founder of the popular crypto-exchange platform, Konstantin Gladych. In addition, it implements three central demands of the crypto industry:

  • Security,
  • Anonymity and
  • Decentralization.

To ensure security and anonymity, the private keys and transaction data are stored encrypted on the user’s computer. This means that neither the developers nor any third parties have access to this sensitive data. Decentralization is implemented by the Atomic Swap function, from which the wallet gets its name.

Atomic Swaps allow users to exchange cryptocurrencies directly with each other, peer-to-peer. Since the function is not yet available for all coins, the developers of the wallet have also integrated the exchange services of Changelly and ShapeShift.

Considering the functional scope and the high security level, the Atomic wallet is our top recommendation among the multi-coin wallets. To download the Atomic Wallet, you can visit the official website (click here!). There you can find the wallet for Windows, Mac, Ubuntu, Debian and Fedora.

Supported cryptocurrencies
The Atomic wallet supports over 300 cryptocurrencies, including almost all known cryptocurrencies and all ERC20 tokens.
The installation of the wallet is done with a few clicks. At least as easy to use is the user interface, which should be self-explanatory even for absolute beginners.
Transparency & Fees
The Atomic wallet is a community-based product that uses open source libraries, block explorers, and other components. However, in order to ensure the security of the Wallet, part of the source code is not publicly accessible.

When using the Atomic wallet there are no additional fees in addition to the network fees. For additional services such as Atomic Swaps, ShapeShift and Changelly fees will be charged.

The Atomic wallet offers very good security. The wallet – as a decentralized solution – does not request any personal data from its users. In addition, all data is transmitted in encrypted form. The control of the private keys lies exclusively with the user, so that nobody else has access to your cryptocurrencies. Furthermore, a backup phrase can be created for the recovery case.

3.Foxlet Stellar wallet

Foxlet Stellar wallet

The Foxlet wallet is an open source desktop wallet for the exclusive storage of XLM, which operates a complete node. This means that the download of the complete Stellar Blockchain is required. In addition, the wallet must be synchronized with the blockchain with every login in order to be up to date.

The Foxlet wallet stores the private keys as a file locally on the user’s computer and encrypts them. The wallet is thus as secure as the security of your PC. Another advantage of the wallet is that the transactions are signed offline. Another advantage of the Foxlet is that there is no obligation to register, which makes it possible to act anonymously.

In addition, it is a well-designed and easy-to-use wallet that also allows Asian users to deposit, withdraw and manage Chinese yuan and Japanese yen. However, the Foxlet also has two disadvantages: On the one hand, no two-factor authentication is offered. In addition, multi-signature is not supported.

The Foxlet is available for the operating systems Windows, Mac and Linux on the official website.

Supported cryptocurrencies
The Foxlet wallet only supports Stellar Lumens (XLM).
The Foxlet wallet is a well designed and easy to use wallet, which is also suitable for beginners.
Transparency & Fees
The wallet software is open source and can be viewed on GitHub.

Both the download and the use of the Foxlet are completely free of charge. There are only the usual Stellar network fees.

Due to the lack of two-factor authentication and multi-signature, the Solar wallet and the Atomic are considered to be more secure. As a result, the Foxlet wallet only ranks third among desktop wallets.
Summary: Stellar Lumens desktop wallets
Desktop Wallets for Stellar Lumens offer very good protection, but do not come close to the security level of hardware wallets. Nevertheless, as a free option, they have the advantage that the private key is stored exclusively on the user’s computer.

The disadvantage of this is that the private key is connected to the Internet (if your PC is connected to the Internet). However, if the computer is protected with anti-virus and anti-malware software, desktop wallets offer a very good level of security.

Mobile Stellar Lumens wallets for iOS and Android

Mobile wallets are programs (apps) that, as the name suggests, can be installed on a smartphone and then offer the advantage that you can also make transactions while on the move. Beyond this feature, they are very similar to desktop wallets.

The private keys are stored on the user’s terminal device, just like in a desktop wallet. Like your computer, your smartphone (probably) is also permanently connected to the Internet, potentially putting your private keys at risk.

The topic is even more critical for smartphones, as many smartphone users use public hotspots in cafés, restaurants or at the airport. The problem is that hotspots are public networks in which your data is transmitted completely unencrypted.

If you don’t use a data encryption yourself, the login data to your exchange account or your wallet can be stolen, for example. This makes it all the more important to protect a mobile wallet in the best possible way when using it.

The following overview provides an overview of the advantages and disadvantages of mobile wallets:

The advantages of mobile Stellar Lumens wallets are:
✅ Access to Stellar Lumens (XLM) via Smartphone
✅ No acquisition costs – use is free of charge
✅ More cryptocurrencies than just Stellar Lumens are often supported.
✅ The user interface is often simple and intuitive.

The disadvantages are as follows:
Less security than a hardware wallet
❌ No deposit insurance, as offered e.g. by eToro Wallet
❌ Vulnerable to hacker or phishing attacks

The selection of mobile Stellar wallets is rather limited. A few wallets are recommended on the official Stellar Foundation website. However, in various online forums and Reddit there are also some negative testimonials. So the Lobstr wallet is recommended. Experience reports, like this one, have kept us from recommending more mobile wallets for Stellar.

The best Stellar Lumens wallets for iOS and Android
  1. Infinito wallet (iOS und Android)
  2. Stargazer Stellar wallet (Android)

1.Infinito wallet

Infinito Wallet Cardano

Since there is no mobile Stellar Wallet, which is developed exclusively for XLM and can convince all along the line, the Infinito wallet is our top recommendation. The Infinito is a Multi-Coin-Wallet, which is exclusively available for iOS and Android and has over one million active users worldwide. Since 2017, it has been developed by the Infinity Blockchain Group, a company headquartered in Singapore.

The Infinito wallet is a hierarchically deterministic (HD) wallet that places great emphasis on security and ease of use. To protect the wallet, the user can assign a password, touch ID and passphrase. Furthermore, the private keys are stored locally on the user’s smartphone and not on centralized servers.

For each transaction, a new address is generated, which is connected to the “original address” (= HD-Wallet), which is very important from the aspect of improving anonymity. A further plus point with regard to security is that the Infinito wallet has been audited by the IT security company Smart Dec.

In addition to the very good security level, the wallet scores particularly well with its numerous additional functions:

  • Touch-ID: The Touch-ID can optionally be used to unlock the account.
  • Contact management: Frequently used crypto addresses can be stored in a list, a kind of contact management.
  • Support for multiple languages: English, French, Russian, Korean, Vietnamese, Chinese and Japanese.
  • QR-Code-Scanner: Import of addresses via QR Scanner
  • Optimization of transaction speed: Economy, Regular or Premium
  • Import and export of private keys: The private keys can be imported and exported.
  • Crypto credit function: Cryptocurrencies can be loaned via the “Crypto Lending” function in order to earn passive income.
  • Export transaction history: Export your own transaction history, filtered by date and cryptocurrency.

Beside these numerous functions there is only one point of criticism! The Infinito wallet does not offer 2-factor authentication.

Supported cryptocurrencies
Bitcoin, Ethereum, Ethereum Classic, Bitcoin Cash, EOS, Litecoin, Stellar Lumens, DASH, NEO, DOGE, Ontology, Binance Coin, TomoChain, as well as all ERC20 Token, ETC Token, EOS Tokens, NEP-5 Token and BEP-2 Token.
The wallet is suitable for beginners, to allow an easy introduction without support, as well as for advanced users.
Transparency & Fees
The Infinito wallet is open source and therefore offers complete transparency.

Both the download from the App Store or Google Play Store, as well as the use are completely free of charge. As with all wallets, only the transaction fees of the Stellar Lumens Blockchain are charged. Users can choose transaction fees from three options – Economy, Regular and Premium

The security of the wallet is good. The only drawback is the missing option for 2-factor authentication.

2.Stargazer Stellar wallet

Stargazer Stellar Wallet

The Stargazer is a Stellar wallet available for desktop and mobile devices (Android only). It is an uncomplicated interface to the Stellar Ledger that simplifies the process of sending and receiving lumens (XLM). There are several features that have made Stargazer popular. First, it is open source software, which means that the source code can be verified by anyone. In addition, it offers the possibility to create multiple accounts, set up Federated Addresses and has a multi-signature function integrated.

A big advantage of the wallet is its safety. So the private keys are stored locally, encrypted on the Android smartphone of the user. The encryption, decryption and signing of the transaction takes place within the app (within the keychain service in app/core/services/keychain.js). The only time an unencrypted private key leaves the App service is when an account is exported and the user does not use password protection.

There have been a number of complaints in the past about errors in the Stargazer wallet that did not allow users to send or receive XLM. However, they all seem to have been corrected by now. In addition, there have been no complaints about the impairment of the security of the wallet so far.

The functions of the wallet include:

  • Multiple accounts (personal and joint)
  • Send to: Stellar Addresses, Federated Addresses, E-mail Addresses
  • Creating/Receiving Multi-Sig/Multi-party Signing
  • Creation of a contact book
  • Add comments to transactions
  • Import/export of accounts
Supported cryptocurrencies
The Stargazer wallet only supports Stellar Lumens (XLM).
With Stargazer you get an easy to use and easy to learn XLM-Wallet, which is even suitable for beginners.
Transparency & Fees
The source code of the Stargazer Stellar wallet is open source and therefore completely transparent.

There is no charge for downloading the app. However, a minimum balance of 20 XLM is required and you can withdraw 19.5 XLM. Only the current minimum must be kept on the account (currently 0.5 XLM) to keep the account active.

The security of the wallet is very good. In particular, the multi-sig feature is very important and provides an additional layer of security, requiring transactions to be signed by multiple accounts/private keys.
Summary: Stellar Lumen wallets for iOS and Android
The selection of proven and safe XLM wallets is rather small, so you should choose between one of the two presented wallets. Mobile wallets generally offer good protection, which is lower than hardware wallets, but better than online wallets. In contrast to the latter, users of mobile wallets retain control over their private keys, as these are stored on the user’s smartphone.

Stellar Lumens online wallets

Online wallets are among the most popular wallets on the market, although they offer the lowest level of security. This is mainly due to the fact that no installation but only a registration is required. Thus they make a fast entrance possible in particular for beginners.

This is especially true for wallets on cryptocurrency exchanges, which newcomers are very happy to use to store their cryptocurrencies. What users of Exchange wallets must be aware of is that the trading platform is in possession of the Private Key. Since exchanges are a popular target for hackers, the user must fully trust the platform. On the other hand, there are Stellar Lumens specific wallets. Here at a whole, Stellar Account Viewer should be mentioned first.

Below we have compiled an overview of the advantages and disadvantages of online wallets:

The advantages of Stellar Lumens Online wallets:
✅ Access from anywhere in the world where an Internet connection exists
✅ Exchange wallets enable trading out of the Wallet
✅ In the case of exchange wallets, there is no installation work required.
✅ You can define limits for maximum payouts per transaction.
✅ The user interface is often very simple and intuitive.
✅ Often very good customer support

The disadvantages of Stellar Lumens Online wallets:
❌ Lower security standard than hardware, desktop and smartphone wallets
❌ The management of the private keys is (often) transferred to a third party.
❌ Greater likelihood of hacking or phishing attacks
❌ Some web wallet vendors have turned out to be SCAM in the past.

Best Stellar Lumens Online wallets
  1. Stellar Account Viewer
  2. Binance
  3. eToro

1.Stellar Account Viewer

stellar account viewer

Due to the lack of secure and trustworthy online wallets developed specifically for Stellar Lumen (XLM), the Stellar Account Viewer is our top recommendation, even if the tool is not really a wallet!

The Stellar Account Viewer is a simple tool offered by the Stellar Foundation, on the official website (, to create an account in the Stellar network (creation of a public and private key), display and perform transactions with it. No more, no less! In order to carry out transactions, only the Private Key must be entered on the website, which also serves as the login for the account.

Note: Even if the Stellar Account Viewer is ranked first in our online wallet ranking, you should still look for another option for long-term investments. A good option might be to print the Private Key and store it offline (=”paper wallet”). If you own a Ledger or Trezor hardware wallet, you can use it in combination with the Stellar Account Viewer to store your private key.

Supported cryptocurrencies
Only Stellar Lumen (XLM) is supported.
Due to the rudimentary functions and the clear user interface the operation is very simple. You don’t even need a login to use it.
Transparency & Fees
The source code of the Stellar Account Viewer is available on GitHub and completely transparent. No fees are charged for the use.
The security of the wallet is sufficient, but by far not optimal. After you have created an account on the Stellar Network and a private key, you are responsible for storing the (not yet encrypted) access key securely. Here it is definitely a good idea to create a paper wallet by printing the public and private keys on a piece of paper.

Under no circumstances should you store the private key unencrypted, in a plain text file on your PC! Also, when you visit the website, always check that it is the official website and not a fake website!

2.Binance wallet


From our point of view, storing Stellar Lumens (XLM) on Binance is only a good idea if you want to trade actively with XLM. For this purpose, Binance, one of the world’s largest and most popular cryptocurrency exchanges, offers over 150 cryptocurrencies. Stellar Lumens is one of these cryptocurrencies that can be traded against Bitcoin, Ethereum, Binance Coin and Tether.

If you use the Binance Wallet, you should be aware of the disadvantages. On the one hand, Binance is in possession of your private keys, so you must rely on sufficient protection. Secondly, Binance is a popular target for hacker attacks. The numerous hacks of cryptocurrency exchanges in recent years have shown how vulnerable cryptocurrency exchanges are.

Not even Binance is safe from attack, as demonstrated by a hack in May 2019, in which 7,000 BTC were stolen due to a vulnerability in the Binance API. It is true that Binance strengthened the security measures again immediately after the hack and compensated for the loss itself. Nevertheless, the hack clearly shows the vulnerability of exchange wallets. Our recommendation is therefore: Use the Binance wallet only as long as you trade in cryptocurrencies!

If you would like to set up a Binance account, you can do so via this link*.

Supported cryptocurrencies
Binance offers a wallet for each of the 150 cryptocurrencies offered for trading.
Due to the multitude of functions and options, the operation of the Binance user interface can be somewhat difficult for beginners. In our Binance Review we therefore explain in detail how you can use Binance correctly.
Transparency & Fees
Use of the Binance wallet is free of charge. Trading fees are charged, as you can read in our Binance Review.
Binance is considered one of the safest exchanges in the world. However, you should only keep your Stellar Lumens on the exchange as long as you are actively trading. Hardware as well as desktop and mobile wallets offer better protection.

3.eToro wallet

eToro Wallet and Exchange

The eToro wallet is not a “classic” exchange wallet as you probably know it from Binance, Bitfinex or another cryptocurrency exchange. This is because eToro is not only a cryptocurrency broker, but also offers traditional financial instruments (such as ETFs, securities, etc.).

You can click on this link (click here*) to create an account and wallet with eToro.

**68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

Supported cryptocurrencies
15 cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH), Binance Coin (BNB), Cardano (ADA), Dash (DASH), EOS (EOS), Ethereum (ETH), Ethereum Classic (ETC), MIOTA (IOTA), NEO (NEO), Ripple (XRP), Stellar Lumens (XLM), Stellar Lumens (XLM), ZCash (ZEC),
For beginners as well as advanced traders, eToro offers a very modern and intuitive trading platform, with numerous advanced trading options.
Transparency & Fees
As described above, eToro charges fees. These can add up, especially when holding for a longer period of time. You can read in detail in our eToro test report when they occur and how high they are
The deposit insurance of up to 20,000 USD per customer makes the eToro wallet a very secure option. However, you should keep in mind that the private keys are managed by eToro.

In the following we have summarized the most important aspects of the use of web wallets:

Online wallets offer the least protection! Because of this you should only use them at short notice if this is necessary. This can be the case, for example, if you want to trade on a cryptocurrency exchange. Then you can’t get around the use. On the other hand, the Stellar Account Viewer is recommended if you have created a paper wallet and want to send the XLM.

Stellar Lumen paper wallets

Creating a Stellar Lumen paper wallet can be a very good choice if you want to save XLM offline and don’t want to store it for a long time. Since the password, address and private key are “stored” on a piece of paper, hackers cannot access these data. Only when you want to send a transaction do you have to use a wallet. Receiving XLM also works “offline”, because you only have to give your (public) XLM address to the sender.

1.Stellar Account Viewer

Even though the Stellar Account Viewer is not directly a paper wallet generator, we believe it is still the best way to create a public and private key. It is offered on the official website,, and can therefore be regarded as absolutely trustworthy.

After generating the keys you can print them out and keep the note offline so that no hacker can gain access to your XLM. When creating the Wallet, make sure that your PC is free of malware.

Further important information about the Stellar Lumens wallet test

Finally, we would like to give a hint: In this article, we have compiled the available information according to our best consciences and from our own experiences as well as from the experiences of acquaintances.

Despite all efforts on our part, you should seek further information and opinions. In the best case you should just install some wallets yourself and try them out. This is the best way to find out which wallet is best for you.

If you have a question or a suggestion for improvement, please leave us a comment. We are happy to help you and are open for constructive criticism! We would also appreciate a positive review if you liked our contribution to the best Stellar Lumen wallets!


About Author

Jake Simmons has been a crypto enthusiast since 2016, and since hearing about Bitcoin and blockchain technology, he's been involved with the subject every day. Beyond cryptocurrencies, Jake studied computer science and worked for 2 years for a startup in the blockchain sector. At CNF he is responsible for technical issues. His goal is to make the world aware of cryptocurrencies in a simple and understandable way.

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