Unfolding the little details about the LOBSTR Wallet

All the beginners desire to explore the crypto industry freely, without having to worry about anything. However, it is not possible due to the users exploring every platform because it is way too time-consuming and traders do not have this much time. However, finding out new crypto platforms is equally important as well. Without this exploration, you may never learn about the new features that are being presented. But don’t you worry we are here to help you through it. 

In this blog, we are going to discuss an infamous software wallet called LOBSTR Wallet in full detail. Thus, if this is something of your interest then you should not miss out on the presented blog below. You never know, what unique or interesting things you may get to learn about this wallet.

General information on LOBSTR

Knowing general information about any crypto platform plays an important role in the life of a crypto trader. So, allow us to enlighten you with all these general yet important details. Just like any other wallet, this wallet is also a non-custodial wallet and the network supported by it is called Stellar. However, not much time has passed since the launch of the wallet, it was first introduced in the year 2018. The wallet was developed by a group of people who were enthusiasts of blockchain. But even in this short period, we can see the development of this wallet, through the increase in the popularity and demand of the wallet among the traders of the Stellar network. The LOBSTR wallet works like every other wallet such as the sending and receiving of crypto assets from one wallet to another. You can also store the Stellar Lumens (XLM) crypto asset in your wallet. Now let us move forward to learn more about the wallet.

Top highlights of LOBSTR

After going through the background of the wallet, it is now time for us to proceed further to learn a little more about the wallet by going through the features offered by it. Below is a short overview of the features:

• LOBSTR Security

Asset security is the first concern of all crypto enthusiasts and the developers of the wallet took asset security very seriously. The wallet uses the established industry security standard to protect the user data. Also, you will have the option of enabling 2-factor authentication to add an extra layer of security.

• Friendly Interface

To make it easy for beginners to navigate the LOBSTR Wallet the interface was designed simply. Hence, the management of crypto assets through this platform is simple. 

• Support of Multiple-Currency

There are several supported currencies by the wallet including a few popular ones such as Litecoin, Bitcoin, Stellar Lumens, and much more. Thus the wallet is very versatile making it easy to store plenty of different currencies.

Benefits of LOBSTR

There are many benefits of the wallet and some of them are listed below:

• Integration of Stellar Network
• Top-notch security
• Supporting Multi-Currency
• Easy as well as fast transactions
• Friendly interface for beginners
• Option of 2-factor authentication

How to add or purchase Ethereum on Lobstr?

To add Ethereum to the Lobstr wallet, you must follow the guide here with full accuracy to purchase Ethereum without actually facing any issues. Below are the steps to do so:

1. Open the Wallet and then execute the procedure of Lobstr wallet login.
2. On the screen select the option of ‘Buy Ethereum’.
3. A new page will open on the screen with a small white colored box on it.
4. Input the transaction details just like you want.
5. Review the entered details.
6. Press the Buy ETH button.
7. Confirm your order.
8. Pay with whatever payment method you would like to use.

Follow the rest of the instructions as shown on the screen and complete the purchasing steps. Also, do you know, that to purchase ETH it is not important to register your account on the platform, even the KYC completion is not necessary for some small amount.

Wrapping it Up!

We end our blog of LOBSTR wallet here. There might not be many details about the wallet here, but we tried to give all the minor and necessary information through this blog. Read some more about the wallet on the official website and then make the appropriate decision. Also, since cybercrimes are on the rise these days, take a few preventive actions as well to protect your account from them. But if you are in any trouble, then you must use the wallet’s support service.