Top 6 Best Stellar Wallet To Store Your Lumen (XLM)

Stellar Lumens is a cryptocurrency that is forked from the Ripple blockchain. Stellar aims at connecting various banks across the world in order to provide seamless cross-border transaction capabilities to financial organizations.

A cryptocurrency wallet is a software / hardware that, as its name suggests, stores your cryptocurrency. However, you need to be very careful while handling your wallet. Here are some of the features that you need to look out for when choosing a stellar Wallet.

Features to look for in a Stellar Lumen wallet:

• How Secure are the Wallets?
  Each and every crypto wallet comes with its own set of security features. However, you should first check how comprehensive or advanced these security features are. Something as simple as a security pin can leave your wallet vulnerable to hacks if your device is already compromised. Having better security features can go a long way into making your crypto journey a lot more pleasant and peaceful.
• Are they Easily Accessible?
  Having easy access to the crypto wallet gives you the freedom to transfer funds whenever you need to.
• Who is Behind the Wallet?
  A wallet with an active development and support team is the wallet to reckon with. Even if a bug pops up, it is swiftly fixed.

The Stellar wallets that we are going to talk about in this article comes in three different variants:

• Hardware wallet: This wallet come in the form of a hardware device to store your cryptocurrencies. They are one of the most secure wallet options available.
• Software wallets: These wallets are software, that can be downloaded on a computer or mobile. They should be used only to store cryptocurrencies that you will need for immediate usage such as for paying a merchant, trading, etc.
• Web wallet: These wallets are accessible on any device as they run on the web. They are the least secure wallets and must only be used to store very small amounts of funds.
• Paper wallet: A paper wallet is, in the most basic sense, a public and private key printed together on a piece of paper. It is one of the most secure cold storage options which let you store your funds completely offline.

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