Lobstr is the best way to start your journey with Stellar. It is easy, smooth, and secure. It permits you to manage or control your Lumens efficiently. The mobile apps and the web makes it very convenient to manage your funds from anywhere. Moreover, you can have a record of prices and update with the markets.Moreover, it provides highly secure storage for your digital assets, Lumens, and multisig protection. It also includes clear instructions, helpful tips, and a simple interface that make Lobstr a better choice. It is one of the XML wallets on the crypto market that was introduced in 2014 and officially registered in Belarus. Whenever you utilize Lobstr Wallet, you directly communicate with the Horizon Stellar API and independent commercial entities unaffiliated, including the Stellar Development Foundation.Features Offered on Lobstr WalletThe Lobstr Wallet was generated to keep the Stellar Lumens (XLM) cryptocurrency only. Even though XML include existed not so long ago, it has become one of the well-known currencies in the cryptocurrency market. But in the crypto-assets list, you can look out not only XML but all Stelar-based tokens, Ethereum and Bitcoin. Whenever you send funds to another Stellar address, a built-in price changer offers you a suitable value in a specific raw currency, depending on present market rates. The security system also has features like two-factor authentication, support for PIN protection, and fingerprints.How to Begin your Journey on Lobstr Wallet?Before commencing work with any service, you are required to register. And Lobstr is not an exception. Now, you have to hit the Get Started option on the top right side of your screen. The registration form is simple. Furthermore, it also asks you to submit a verified password and email address. After that, the state is completed and then click on the Create Account bar. After that, the company will send you a confirmation message to the email address indicated to validate the account. Once you complete reading the text, you must press the Verify Email bar.Tips to Utilize the Lobstr Wallet Lobstr Wallet is easy-to-use with a straightforward interface. Once you successfully generate a wallet on these platforms, users are required to create a Stellar account. Hit the Create Wallet option in the Settings bar to set up an account at Lobstr. After which, the company will inform you that all active Stellar accounts should manage a minimum balance of lumens, which the Stellar network will restrain. In order to simplify a few things, the wallet can offer you a 1.50 XML loan that is paid off, and specific limitations are implemented. In case the loan still needs to be paid in 30 days, it will be inside 30 days, it will be given back directly by Lobstr. And you will get the details in advance. At that specific moment, whenever the account is generated on the official site, the wallet offers the user a seed phrase. Furthermore, you have to keep this seed phrase differently in a secure place. Methods to Withdraw and Deposit from Lobstr Wallet Tips for withdrawing on Lobster:In order to send assets straightly from Lobstr Wallet to any other device is simple. You have to hit on the Send bar and select the recipient type. If you have a Stellar wallet, you must symbolize the recipient’s address, memo message, amount, and currency. Before proceeding, you have to analyze all the submitted details correctly and press the Next option. Tips to Deposit on Lobster:In order to top up your registered account it is also fast and convenient. All you require is to send them to the address provided for the funds and wait until it adds to your wallet.Is It Safe to Utilize Lobstr Wallet?Lobstr Wallet is designed to be a secure wallet for various Stellar community members. But, there are also famous cases of coin thefts from the wallet. Furthermore, solving if the dev team addressed the vulnerabilities is mandatory. One of the factors creating Lobstr a bit secure is the fact that this software is open-source. Moreover, any skilled or experienced person can examine the code, look at susceptibility, or provide developments. The personal phrases are kept on the Stellar servers. The lack of access to private words is a drawback for some. It also decreases the user’s control over his assets while protecting the funds from the mistakes users can create themselves. If the company’s servers get hacked, the funds become compromised. In order to ignore or avoid this risk, the wallet encrypts all the user data. Furthermore, there are many options or chances to secure the funds: turn on the two-factor authentication and create a strong password. Further, it requires you to conclude the installation of the authenticator app to the user’s mobile device. Doing so will make it impossible to access the account and withdraw money without offering a one-time password from the user’s mobile device. And 2FA is a significant security measure that should be addressed. It acutely reduces the risk of money theft.Final VerdictLobstr Wallet is a universal solution or option for all Stellar currency lovers from when you can send, receive, change, buy, and store this currency straight in the wallet on your mobile phone or your computer. Furthermore, the interface of this service is very convenient and straightforward to utilize.