What is the best Stellar Lumens wallet?
You need to have a Stellar Lumens wallet installed before you can start buying, selling or trading Stellar Lumens on the Anycoin Direct platform By using your Stellar Lumens (XLM) wallet, you can store and send Stellar Lumens. In this guide, we will explain you what a Stellar Lumens wallet is, what kind of Stellar Lumens wallets are available, which Stellar Lumens wallets we recommend and how you can use your Stellar Lumens (XLM) wallet at Anycoin Direct.
What is a Stellar Lumens wallet?
A Stellar Lumens wallet can either be a software, service or gadget that saves your private and public keys and communicates with the blockchain. You can compare your wallet's public key, which also functions as your "coin address", to your bank account number for Stellar Lumens, where anyone can track the transactions made, but no one knows they are yours. The private key of your wallet can be seen as the password for your Stellar Lumens bank account, which you can use to send Stellar Lumens from your wallet to another.
What kind of Stellar Lumens wallets are there?
There are many different types of Stellar Lumens wallets available. The options differ from online wallets accessible through the web, to hardware wallets that are a bit more costly. The different kind of wallets and their properties are described below.
Which Stellar Lumens wallets does Anycoin Direct recommend?
At Anycoin Direct we have made a selection of recommended Stellar Lumens wallets for our customers:
- Online wallet: Blockchain.com
- Software wallet: Exodus
- Mobile wallet: Exodus Mobile
- Full node wallet: Stellar Core
- Hardware wallets: Ledger, Trezor
Be aware, that Anycoin Direct is not responsible for the usage of these wallets. Always do your own research!
How can you use your Stellar Lumens wallet on the Anycoin Direct platform?
After you have set up your Stellar Lumens wallet, you can start buying, selling or trading Stellar Lumens. If you prepare your Stellar Lumens wallet and click the receive button, your Stellar Lumens wallet address will be shown, which you need to enter in the flow to buy Stellar Lumens. To sell Stellar Lumens you need to click on the 'send' button in your wallet, which will let you fill in the Stellar Lumens address of Anycoin Direct provided to you in the sell flow.