Stellar is a decentralized blockchain project focused on payments. The network facilitates settlements across borders at high speed and low cost.
The Stellar Foundation is behind the project, and so far has several institutional as well as individual clients. XLM, the native token of the network, is used to provide liquidity for transaction settlement.
Because of the high efficiency and speed of transactions, fees on Stellar can be as low as a tiny fraction of a dollar. Apart from using XLM for cross-border payments, it has also been used by crypto investors as an investment asset.
If you want to buy some for any reason, you should also think about where you’ll hold it, i.e a wallet. We make it easier for you in this guide by selecting the best crypto wallets you can use to hold your XLM, and here they are.
Trust Wallet
There are many wallets you can use to hold your XLM, one of which is Trust wallet. This is a trusted crypto wallet holding millions of assets from hundreds of blockchains. The wallet has web3 features such as crypto staking and support for non-fungible tokens (NFTs).
You can also use it to access hardware wallets such as Ledger and Trezor. The wallet is mainly a mobile wallet for Android and iOS, but it is also available as a browser extension for Chrome, Brave, and other top web browsers.
Trust wallet is very user-friendly, with its design made in such a way that even absolute beginners can use it to buy, sell, and hold crypto assets.
Exodus Wallet
Exodus wallet is a web3, non-custodial crypto wallet that allows you to buy and hold over 350 crypto assets. The wallet gives you full control over your portfolio, and has a simple user interface that anyone can use to manage their portfolio easily.
Like Trust wallet, it allows you to stake crypto assets for passive rewards, and also allows you to hold the NFTs of your choice. You can use it on mobile devices both Android and iOS, as well as desktop if you have a hardware device to use with it.
Hardware devices such as Ledger and Trezor can be accessed using this wallet which serves as a software. Exodus undergoes regular updates to ensure that it stays ahead of attackers.
Ledger Nano X
The Ledger Nano X is a hardware wallet that you can use to hold XLM and over 5,000 other crypto assets. This is the ideal wallet for those who wish to buy and hold XLM for long in a safe place.
As a hardware wallet, it offers the highest level of security to your crypto portfolio as attackers cannot readily access it like the software wallets which are always online. It is also a web3 wallet, allowing you to stake assets and hold NFTs.
This wallet is unique in that it has Bluetooth connectivity that allows you to connect to mobile devices if you don’t have a computer.
Atomic Wallet
Atomic wallet is another web3 wallet that you can use to hold XLM and well over 1,000 other crypto assets. The wallet is also non-custodial, that is it allows you to have full control over your crypto portfolio.
Like the others, you can also use it to hold NFTs and stake selected crypto assets. It works on Desktops, Android and iOS mobile devices, and has a browser extension launched more recently, and you can use anyone that you prefer.
Guarda Wallet
This is another top web3 wallet you can use to hold XLM. It supports well over 400,000 crypto assets, making it one of the richest wallets out there. As a non-custodial wallet, it also gives you full control over your portfolio.
You can use it on desktop and mobile devices of all operating systems, as well as the browser extension with top web browsers.
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