Wallet of the Week: LOBSTR

Taking your first steps into web3 can be overwhelming, with a plethora of wallet choices at your fingertips. In our “Wallet of the Week” series, we put the spotlight on one wallet and share why we think they’re worth checking out.

Three reasons why we’re traveling through Stellar with LOBSTR

LOBSTR is a great way to get started with Stellar, an open network that makes it possible to create, send, and trade digital representations of all forms of money. Simple yet highly secure, LOBSTR lets users easily interact with Stellar tokens and is available in desktop, iOS, and Android.

Cash-in and out with MoneyGram: Thanks to LOBSTR’s partnership with MoneyGram and USDC, you can easily convert your cash into crypto and back again without ever needing to go through a bank. This service is available at hundreds of thousands of participating MoneyGram locations, with 190+ countries supported for only cash-out and 12 countries supported for both cash-in and out. Find out more here.

Use the built-in Stellar DEX: You can use your LOBSTR wallet to directly access the Stellar Decentralized Exchange and trade assets.

Stay safe with 2FA and multi-sig: LOBSTR uses two-factor authentication (2FA) to provide an additional layer of security for your account. You can also enable multi-sig, which means that operations like payments, adding trustlines, and updating weights will require two or more signatures — one from your account, and one or more from your signers.

What’s next?

LOBSTR is now working on multi-account support, which will enable users to use and easily switch between multiple accounts. You’ll be able to toggle between your trading account, yield account, and NFT account, making the overall experience that much smoother. We can’t wait!

To find out more about LOBSTR, check out their Twitter and website. To discover other wallets in the WalletConnect ecosystem, head on over to our Explorer and start browsing today.