Lobstr Wallet is one of the most convenient wallets for mobile users due to its attractive interface. The wallet came into the race in 2014. Lobstr Wallet specially designs to manage stellar assets easily without any problem. The wallet doesn’t charge any fee for deposit and withdrawal of funds. Fee-only apply on sending and receiving of transaction. Lobstr Wallet comes with multiple security features such as encryption, PIN option, and two-factor authentication. All these security features of Lobstr Wallet provide a secure wallet for the user’s digital assets. It comes with both a mobile app and browser extension that helps users to use it easily.
The best thing about the wallet is that it is an open-source wallet that allows users to read the wallet mechanism code and suggest changes to make it more accessible for users. In the following blog, we will discuss its best features.
Key features of Lobstr Wallet
The wallet offers a wide range of key features which make it popular among the users. Let’s explore some of the standard features of the Lobstr Wallet.
User-friendly interface – The wallet has a simple user-friendly interface. Its easy interface allows users to navigate the wallet and manage their digital assets easily without any technical knowledge. Doesn’t matter if you are an experienced or a beginner trader, it provides a seamless user experience.
Support multiple assets – This wallet not only supports Stellar lumens but also supports a wide range of digital assets issued on the Stellar network. It also allows users to store, receive, and send various digital assets easily within the app.
Hardware wallet integration – The wallet supports hardware wallet integration like Ledger Nano S. Connecting with the hardware wallet users can secure their private keys offline, which provides an extra layer of security.
Multiple account management – Lobstr Wallet allows its users to create and manage multiple accounts within the app, which helps users manage their different digital assets with a single login.
Multi-signature security – Wallet supports multi-signature security, in this feature multi-signature is required to authorize any transaction.
Tracking and Transaction History – The wallet provides real-time transaction tracking status that ensures the transparency of users’ digital assets. It also keeps all the records of transactions with their complete history of asset movement.
Security – Lobstr Wallet takes security seriously, and implements advanced encryption techniques and two-factor authentication to protect users’ funds. It also conducts regular security audits to identify the potential weaknesses of the wallet and to ensure that the wallet infrastructure is up to date with the latest security features.
Conclusion
Lobstr Wallet is a famous digital wallet designed for a stellar network. Its user-friendly interface provides it a huge advantage among the users to access it easily. This is a secure wallet that allows its users to store, send, and receive stellar lumens easily. The wallet comes with high-security features that help users keep their funds safe and secure with Lobster Wallet. It is one of the best wallets to start for beginners who are looking to start their trading journey.
