The Stellar network is an open-source blockchain used for a variety of payment and remittance applications. Learn about the non-profit Stellar Development Foundation and the fundamentals of how the network works.
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Lumen Wallets
Store and Send XLM (Lumens)
Discover types of digital wallets for storing and moving your lumens - this guide will help you find a Stellar wallet to meet your needs.
Types of Wallets
A cryptocurrency wallet is like a digital keychain that stores your private passwords (called keys) which prove you own your digital assets on the blockchain. Think of it like a banking app - you use it to check your balance and send money, but unlike a bank account, your wallet connects directly to networks like Stellar, Bitcoin, etc. Modern wallets make it easy to manage your digital assets through simple interfaces that handle all the complex technical details for you.
Mobile Apps
Mobile wallets allow you to access funds from almost anywhere. One thing to note is that assets are not stored on the actual device; They are…
Web or Browser Wallets
Web wallets are services where you can see your account balance, compose transactions, and sign transactions. These wallets work on a web browser.…
Browser Extension Wallets
Browser extension wallets work as a plugin to your web browser. These wallets are helpful for users interacting with dApps because you can…
Hardware Wallets
Hardware wallets store private keys on a device not connected to the Internet. This is also referred to as “cold storage”. While this method is…
What's the difference between custodial and non-custodial wallets?
Custodial Wallets
A third party, like a crypto exchange, stores and manages your private keys. In this case, the custodian can help you recover your account if you lose access, however there is an underlying risk of the custodian losing assets or becoming insolvent.
Non-Custodial Wallets
The account owners are entirely responsible for keeping your private keys safe. This gives you full control over your assets, but there is no entity to help if the private keys are lost. You can read more on the debate of custodial vs. non-custodial here and decide what is best for your application.
FAQ
A wallet can host one or many accounts with a public key (also referred to as an address). The unique address is on the Stellar network enabling assets to be transferred between other addresses and logged on the ledger. This is very similar to an account number at a bank. You can share your account number with anyone and they can send assets to you, but nobody can remove assets without your permission. A Stellar compatible wallet will provide an interface that enables users to initiate and sign transactions.
Lumens can be acquired on many exchanges, some of which are listed here.
There are a lot of considerations for wallet safety and security. The “safest” or “most secure” wallet depends on each individual use case.
Yes. To receive assets you will need to share your wallet address (public key). All of the transactions that happen on this account will be visible on the public ledger. Nobody can remove assets from this account without your permission.
You can send an NFT to a Stellar wallet address, however not all wallets have user interfaces which would allow you to view an NFT in a gallery. Several wallets are developing functionality for supporting the rendering of NFTs.
You will need to obtain the address or public key of the account you are looking to send to. Every wallet should support sending the assets to another address. Before sending, you will need to sign the transaction to authorize it. A very small amount of lumens will be needed to cover the transaction fee. Once completed, the transaction should take several seconds.
Yes, you can have multiple wallets - just like having multiple physical wallers or bank accounts. You can choose to do this to separate your assets for different purposes like trading, long-term storage or daily transactions.
You can convert between different currencies and assets on the Stellar network by using its built-in decentralized exchange (DEX), which allows you to trade directly through your wallet or through exchange platforms.