Stellar was initially released in July 2014 and was previously dubbed as the ‘Secret Bitcoin Project’ by project founder Jed McCaleb. After going through multiple mergers, acquisitions, and developmental hoops, Stellar Lumens changed the name of its cryptocurrency to Lumens (XLM), while the project continued to gain momentum.
Today, Stellar is supported by the non-profit Stellar Development Foundation and its for-profit commercial arm, Interstellar — which is the resultant company of a merger between Stellar’s own Lightyear Corporation and Chain Inc.
In the last 4 years of Stellar’s existence, the project has seen its fair share of ups and downs. However, it has maintained its position as one of the top 10 cryptocurrencies in the world. Currently, XLM has a market capitalization in excess of $1.9 billion, with a circulating supply of just over 19 billion.
Naturally, with all that XLM tokens floating around, users would need a safe and secure way to store theirs, and if they need quick and easy access to their XLM, there is likely no better option than using an Android XLM wallet.
To help with this, we will be taking a look into the three best Stellar Lumens (XLM) wallets for Android devices!
Litemint is an open source Stellar Lumen (XLM) wallet for Android devices developed by Litemint LLC — a US-based company headquartered in Delaware.
Litemint was released in December 2018 and has been downloaded more than 10,000 times since in just a few months. In this time, this XLM wallet has accumulated a 4.9 Star rating based on 28 reviews on the Google Play App store and is currently the highest rated wallet available.
Users can easily import an existing account using their private keys, public watch only addresses, and 24-word backup phrases. Users can also set what is known as a friendly address — an easy to share and remember subdomain address paired with litemint.com. For example; cryptocoin.litemint.com, making payments much simpler.
Litemint features a robust UI as it supports 6 international languages, up to 22 localized base currencies and live market charts. It also supports 3 additional assets; BTC, GRIN, and MAG.
- Decentralized marketplace where users can buy, and sell items in exchange for cryptocurrencies.
- PIN protection with PBKDF2 and keyboard secure randomizer.
- Support for cryptocurrency hardware wallets.
LOBSTR is a fully featured Stellar XLM wallet that offers a safe and secure way for users to store their Lumens (XLM) easily on their Android devices.
It was launched in 2015 by developers primarily based out of Belarus and has since then been downloaded over 50,000 times, achieving an average 4.4 star after almost 1,000 reviews. As it stands, LOBSTR is one of the oldest and most trusted third party wallets for Android, and comes highly recommended among XLM holders.
To create a Stellar XLM wallet on LOBSTR, users must signup with their email accounts and create a federation address — which is a sort of like a unique username that is linked to the user’s Stellar address.
Since all active Stellar wallets are required to maintain a minimum balance of 1.5 XLM, LOBSTR provides this amount to its users as a loan. This loaned amount is adjusted once the user deposits more funds to the newly created account. Until this debt is repaid, there are certain restrictions put in place on the user’s account.
Beyond this, LOBSTR supports the addition of multiple assets like EURT, MOBI, SLT, TERN, and USD through the wallet dashboard.
- Excellent security features, including Google 2FA, fingerprint Lock, IP Lockouts and phone number binding.
- Support for multisig accounts.
- QR code support for both incoming and outgoing payments.
Interstellar was released on the Google Play Store in March 2018 by Fintech Ltd — a respected blockchain application development company. Since then, it has been downloaded over 10,000 times and has achieved an average rating of 4.4 stars, with the great majority of users being happy with its performance.
Interstellar is a client-side Android wallet, which means it does not collect and store any user information on the cloud or on a central server, instead storing all data locally on the user’s device. There’s also support for hardware wallets such as the Ledger Nano S and more, allowing users to maximize the security of their portfolio.
With Interstellar, users are able to easily backup, import and restore old Stellar XLM wallets locally on their device. Additionally, users can generate highly secure random wallets or generate new wallets based on a set of personal questionnaires, which are much less secure, but far simpler for those just getting started with cryptocurrencies.
- Built-in decentralized exchange (DEX).
- Direct or indirect swap between any asset-backed token via Pathfinder.
- Universal device support covering multiple operating systems.
Looking for an even more secure solution, why not combine your Android Wallet with a cryptocurrency hardware wallet?
Image credits: Descryptive, LiteMint, LOBSTR, Interstellar