Stellar (XLM), a powerful cryptocurrency designed for efficient cross-border payments, has significantly impacted global finance. To securely store and manage your XLM, you need a reliable Stellar wallet. In this guide, we explain exactly what a Stellar wallet is, highlight the various types available, walk you through setup procedures, and provide essential security tips.
Whether you’re new to Stellar or a seasoned user, this guide offers all the vital information you need. Our top choice for a trusted and user-friendly Stellar wallet is the one provided by Coinbase, renowned for its ease of use, security features, and proven reliability.
Coinbase is trusted by blackrock as its custodian, with the platform safeguarding assets for 90% of all Bitcoin ETFs.
The following video shows you how to set up a XLM wallet on Coinbase:
The table below highlights the pros and cons:
✅ Educational: Offers cryptocurrency learning resources.
✅ Reliable: Globally regulated exchange.
✅ Secure: Trusted security, insured storage.
✅ User-friendly: Easy-to-use interface.
❌ Limited Features: Lacks advanced trading tools.
2. BitBox Hardware Stellar Wallet
BitBox is a sleek hardware wallet ideal for Stellar users who value robust security with a simplified user experience. It provides streamlined management and secure storage for your Stellar (XLM).
✅ Intuitive Interface: Quick and easy wallet setup for beginners.
✅ Portable Design: Lightweight and convenient for managing Stellar on-the-go.
✅ Secure Backup: Simple backup and restoration process.
✅ Open Source: Transparent software trusted by Stellar community.
❌ No Direct XLM Purchases: Requires external exchanges for direct XLM buying.
This video demonstrates how to set up your BitBox02 wallet for Stellar (XLM):
3.Ledger Hardware Stellar Wallet
Ledger is a highly recognized hardware wallet offering secure storage for Stellar (XLM). It’s ideal for users who value both security and versatility when managing Stellar and other cryptocurrencies.
Ledger provides several hardware wallet options for Stellar users, each with unique features and approximate pricing:
- Ledger Nano S Plus: Entry-level wallet, supports Stellar and numerous other assets, priced around €79.00.
- Ledger Nano X: Bluetooth-enabled wallet allowing easy management of XLM anywhere, priced about €149.00.
- Ledger Flex: Advanced wallet with curved E Ink® display and wireless charging, available for approximately €259.00.
- Ledger Stax: Premium model featuring advanced E Ink® touchscreen for streamlined XLM asset management, priced around €399.00.
- Ledger Nano X + Nano S Plus Bundle: Combined package ideal for Stellar holders seeking versatile asset management, available at approximately €205.00.
✅ Supports Multiple Assets: Easily manage Stellar and other cryptos.
✅ Ledger Live App: Simple management via a user-friendly interface.
✅ Reliable Recovery: Easy wallet restoration with seed phrase.
✅ Durable Hardware: Strong, damage-resistant build.
❌ Limited Mobile Features: Full functionality requires desktop access.
This video helps you set up Stellar on Ledger hardware wallets:
4. Trezor Hardware Stellar Wallet
Trezor is a well-established hardware wallet known for secure cryptocurrency storage. Its strong emphasis on user experience and straightforward asset management makes it a popular choice among Stellar users who prioritize security and convenience.
Trezor provides several hardware wallet options suitable for securely managing Stellar and other cryptocurrencies. The available models and approximate prices include:
- Trezor Model One: Basic hardware wallet, user-friendly, priced around $69.
- Trezor Model T: Advanced wallet with touchscreen interface and comprehensive crypto support, priced approximately $129.
- Trezor Safe 3: Enhanced security and user-friendly setup for managing Stellar, priced at around $79.
✅ User-Friendly Interface: Accessible setup and management for all users.
✅ Broad Crypto Support: Manage Stellar alongside other cryptos.
✅ Transparent Code: Open-source software allows community audits.
✅ Reliable Backup: Simple recovery via seed phrase.
❌ No Secure Element Chip: Missing additional hardware-level protection.
For additional guidance on using Trezor with Stellar (XLM), watch this video:
5. Exodus Wallet
Exodus Wallet is an intuitive, visually appealing wallet suitable for storing and managing Stellar (XLM). Known for its user-friendly design and built-in asset exchange, Exodus simplifies cryptocurrency management for both beginners and experienced Stellar holders.
✅ Built-In Exchange – Instantly swap Stellar within the wallet.
✅ Multiple Asset Support – Supports Stellar and numerous other cryptocurrencies.
✅ No Signup Required – Set up anonymously without providing personal information.
✅ Secure Backup & Recovery – Reliable seed phrase system for restoring wallets.
❌ Closed-Source Software – Code not publicly available for community auditing.
For additional details on using Exodus Wallet for Stellar, view this video:
6. Electrum Wallet
Electrum Wallet is a widely respected, open-source wallet optimized for Stellar (XLM). It offers advanced features tailored for experienced cryptocurrency users, providing both speed and security.
✅ Advanced User Features – Customizable transaction fees, multi-signature support.
✅ Enhanced Privacy – Decentralized, stores no personal data.
✅ Hardware Integration – Compatible with leading hardware wallets.
✅ Cross-Platform – Available on Windows, Linux, macOS, and Android.
❌ Limited Mobile Functionality – Full features primarily on desktop versions.
For additional details, watch the video below:
7. Trust Wallet
Trust Wallet is a secure mobile wallet that allows Stellar (XLM) users to easily manage, store, and transact cryptocurrencies. Owned by Binance, it provides reliability and accessibility on-the-go.
✅ Wide Crypto Support – Supports Stellar alongside many other tokens.
✅ Decentralized Apps – Built-in browser for Stellar-based decentralized applications.
✅ Advanced Security – Biometric authentication, PIN protection, and seed backup.
✅ Free Usage – No fees beyond Stellar network transaction costs.
❌ No Direct XLM Staking – Lacks direct support for Stellar staking.
Watch the video for a Trust Wallet Stellar setup guide:
8. Mycelium Wallet
Mycelium Wallet is a mobile wallet known for security and privacy, offering robust functionality for Stellar users seeking a secure mobile solution.
✅ Privacy-Focused – Minimal user data required.
✅ Integrated Trading – Swap Stellar directly in-app.
✅ Hardware Compatibility – Works seamlessly with hardware wallets.
✅ Reliable Backup – Efficient wallet recovery with seed phrases.
❌ Complex Interface – Not ideal for new users.
Watch this video for Mycelium Stellar wallet setup:
9. BRD Wallet
BRD Wallet is a user-friendly mobile wallet providing simplicity and convenience for Stellar storage and daily transactions.
✅ Local Key Storage – Private keys never leave your device.
✅ No Sign-Up Needed – Quick wallet setup without identity verification.
✅ Multiple Asset Support – Manages Stellar and other cryptocurrencies.
✅ Reliable Customer Service – Fast and helpful support.
❌ No Advanced Features – Limited functions compared to competitors.
Watch the video below for BRD Wallet setup:
10. Green Wallet
Green Wallet offers secure storage for Stellar, combining user-controlled private keys with advanced security measures.
✅ Multi-Signature Support – Extra protection layer.
✅ Enhanced Privacy – Minimal personal data collection.
✅ Cold Storage Compatible – Option for secure offline storage.
✅ Open-Source Code – Fully transparent and auditable.
❌ Platform Limitations – Primarily mobile-based, limited desktop options.
Watch this setup guide for Green Wallet:
11. MetaMask Wallet
MetaMask is a popular browser extension and mobile wallet primarily designed for Ethereum-based assets, enabling interaction with decentralized apps (dApps). It offers limited but functional Stellar support via custom network configurations.
✅ dApp Integration: Easy access to various decentralized applications.
✅ Customizable Fees: Control over transaction fees.
✅ Open-Source: Transparent, regularly audited for enhanced security.
✅ Private Key Ownership: Users retain full control of their private keys.
❌ Hot Wallet Risks: Online exposure increases security vulnerabilities.
For a setup guide on using MetaMask with Stellar, watch this video:
12. Guarda Wallet
Guarda Wallet is a versatile, non-custodial wallet providing secure storage and management for Stellar (XLM) across mobile, desktop, and web platforms. Guarda integrates asset exchange and staking features, enhancing user convenience.
Pros:
- Multi-Platform Support: Accessible via web, desktop, and mobile apps.
- Built-In Exchange: Easily swap Stellar with other cryptocurrencies.
- Private Key Ownership: Full control over your Stellar private keys.
- Simple Interface: Beginner-friendly design for easy asset management.
- No Mandatory KYC: Use wallet without extensive verification processes.
Cons:
- High Exchange Fees: Higher transaction fees compared to competitors.
- Not Fully Open Source: Limited transparency in certain wallet components.
Watch the Guarda Wallet setup video:
13. Crypto.com DeFi Wallet
The Crypto.com DeFi Wallet enables Stellar (XLM) management while providing decentralized financial services. It grants complete control over assets with robust security features.
Pros:
- Decentralized Control: Fully non-custodial wallet for secure asset ownership.
- DeFi Access: Direct access to decentralized financial platforms.
- Wide Asset Support: Compatible with Stellar and various cryptocurrencies.
- Friendly Interface: Designed for easy usage and clear navigation.
- Secure Recovery: Reliable seed phrase backup.
Cons:
- Mobile-Only: Lacks a desktop version.
- Complex for Beginners: DeFi functionalities may require additional learning.
Watch the setup video:
14. Zengo Wallet
Zengo is a keyless wallet offering an innovative solution for Stellar (XLM) asset security, removing traditional private key complexities through advanced cryptographic methods.
Pros:
- Keyless Security: Eliminates risk of losing private keys.
- Intuitive Experience: Easy setup and operation without seed phrases.
- Multiple Asset Support: Compatible with various cryptocurrencies, including Stellar.
- Robust Security: Uses biometrics for enhanced wallet protection.
- Reliable Customer Service: Provides comprehensive user support.
Cons:
- Mobile-Exclusive: Not accessible via desktop platforms.
- Custodial Concerns: Partial reliance on third-party cloud services.
For more details, watch this guide:
15. BlueWallet
BlueWallet is a mobile cryptocurrency wallet originally designed for Bitcoin, offering a straightforward experience now extended to manage Stellar (XLM). It’s known for simplicity and secure mobile transactions.
Pros:
- User-Friendly Interface: Easy-to-use, ideal for beginners.
- Secure Local Storage: Private keys stored securely on your device.
- Simple Setup: Quick wallet creation without complex procedures.
- Enhanced Privacy: Avoids user tracking and respects privacy.
- Open-Source: Fully transparent and community-audited.
Cons:
- Mobile-Only: No desktop or web interface.
- Limited Advanced Features: Basic functionality compared to specialized Stellar wallets.
For additional details, watch the video below:
16. Atomic Wallet
Atomic Wallet is a versatile, decentralized wallet ideal for managing Stellar (XLM) alongside hundreds of other digital assets. It provides built-in exchanges and staking features for comprehensive asset management.
Pros:
- Broad Crypto Support: Manage Stellar and over 500 other assets.
- Integrated Exchange: Exchange cryptocurrencies directly within the wallet.
- Staking Capabilities: Supports staking to earn passive income.
- Multi-Platform: Available on desktop and mobile devices.
- User-Controlled Keys: Complete control of private keys.
Cons:
- Partially Closed Source: Not fully transparent, causing potential trust concerns.
- Limited DeFi Tools: Lacks comprehensive Stellar-specific DeFi features.
For additional setup instructions, view this video:
17. Rainbow Wallet
Rainbow Wallet is an intuitive mobile wallet ideal for Stellar (XLM), emphasizing easy access to decentralized finance and token management.
Pros:
- User-Friendly: Great for newcomers to the Stellar ecosystem.
- DApp Connectivity: Effortlessly interacts with Stellar-based dApps.
- Multi-Asset Support: Supports XLM and various Stellar tokens.
- WalletConnect Integration: Convenient connection to decentralized applications.
- Non-Custodial: Complete ownership of private keys.
Cons:
- Mobile Only: No desktop or browser extension.
- No Built-in Stellar Exchange: Requires external platforms for XLM swaps.
For more information, watch the video below:
18. Pillar Wallet
Pillar Wallet provides a Stellar-focused wallet experience, simplifying token management and decentralized finance interactions.
Pros:
- Smart Contract Integration: Easily manage Stellar smart assets.
- Built-in DApp Browser: Quick access to Stellar applications.
- Supports Multiple Stellar Tokens: Manage XLM and other Stellar-issued tokens.
- Transaction Cost Efficiency: Minimizes Stellar network fees.
- Open-Source: Transparent and secure codebase.
Cons:
- Mobile Exclusive: Not available for desktop users.
- Learning Curve: Some Stellar features may require technical understanding.
For more information, watch the video below:
19. TokenPocket
TokenPocket is a versatile Stellar wallet offering comprehensive features like asset management and DApp integration.
Pros:
- Multi-Blockchain Support: Compatible with Stellar and other blockchains.
- Built-In Swap: Exchange XLM directly within the wallet.
- Hardware Wallet Integration: Compatible with Ledger for secure XLM storage.
- Decentralized App Browser: Access Stellar-based applications easily.
- Cross-Platform: Available on mobile and desktop.
Cons:
- Complex for Beginners: Advanced interface can be challenging.
- Occasional Stability Issues: Users report minor glitches.
For more information, watch the video below:
20. Math Wallet
Math Wallet is a robust wallet that provides Stellar (XLM) users extensive blockchain support and convenient Web3 integration.
Pros:
- Comprehensive Blockchain Support: XLM alongside multiple blockchains.
- Web3 Enabled: Seamless Stellar DApp integration.
- Cloud Backup: Secure XLM recovery options.
- Hardware Compatibility: Connects securely with hardware wallets.
- Multi-Platform: Accessible on desktop, mobile, and web.
Cons:
- Partially Centralized: Some features depend on Math Wallet servers.
- Connectivity Issues: Occasional network delays.
For more information, watch the video below:
21. AlphaWallet
AlphaWallet provides a streamlined Stellar wallet emphasizing tokenization and decentralized finance.
Pros:
- Open-Source Codebase: Transparent and trustworthy.
- XLM and Token Support: Optimized for Stellar assets.
- Integrated DApps: Easy access to Stellar’s DeFi ecosystem.
- Non-Custodial: Users securely manage their private keys.
- Fee Customization: Users can set Stellar transaction fees.
Cons:
- Mobile-Exclusive: No desktop or browser support.
- Limited Blockchain Scope: Primarily Stellar-focused.
For more information, watch the video below:
22. imToken
imToken is a secure, multi-chain wallet providing reliable storage and management solutions for Stellar (XLM) and other digital assets.
Pros:
- Multiple Blockchains: Supports Stellar and other popular networks.
- Integrated Exchange: Easily swap XLM within the wallet.
- Secure Staking: Participate in Stellar staking and reward opportunities.
- Non-Custodial: Users maintain complete control over their private keys.
- dApp Browser: Smooth access to Stellar-based decentralized applications.
Cons:
- Mobile-Only: Not available as desktop software.
- Occasional Network Issues: Users report sporadic connectivity delays.
For more information, watch the video below:
23. TrustVault
TrustVault is a Stellar wallet designed for institutional and high-value users, delivering enterprise-grade security and asset management.
Pros:
- Institutional Security: High-level security tailored for large-scale XLM holdings.
- Multi-Signature Support: Enhanced transaction safety for Stellar assets.
- Compliant Custody: Regulated services ensuring legal compliance.
- Hardware Security Modules: Advanced protection of Stellar private keys.
- Insurance Available: Optional insurance coverage for assets stored.
Cons:
- Enterprise-Focused: Not suitable for everyday individual users.
- Higher Operational Costs: Premium fees for professional-grade services.
For more information, watch the video below:
24. Rabby Wallet
Rabby Wallet is a browser extension wallet offering secure and seamless Stellar interactions, primarily targeting decentralized finance users.
Pros:
- Seamless dApp Integration: Optimized for Stellar-based decentralized apps.
- Multi-Blockchain: Supports Stellar alongside other major chains.
- Transaction Simulation: Allows users to preview XLM transactions.
- Advanced Security: Protection from phishing and scam risks.
- User-Controlled: Fully non-custodial with private key management.
Cons:
- Browser-Only: No mobile or standalone desktop app.
- Advanced Users: Interface might be challenging for beginners.
For more information, watch the video below:
25. Frontier Wallet
Frontier Wallet is a Stellar-compatible mobile wallet designed to streamline asset management, DeFi participation, and NFT transactions.
Pros:
- Multiple Network Compatibility: Stellar assets alongside other chains.
- DeFi and NFTs: Easy access to Stellar’s emerging DeFi and NFT marketplaces.
- Simple UI: User-friendly for beginners managing Stellar assets.
- Non-Custodial Security: Users control their XLM private keys.
- Cross-Chain Asset Management: Manage Stellar and other blockchain assets seamlessly.
Cons:
- Mobile Only: Not available as a desktop or web extension.
- Third-Party Dependence: Relies on external services for certain Stellar features.
For more information, watch the video below:
26. Loopring Wallet
Loopring Wallet provides Stellar users with an efficient, scalable solution for managing XLM transactions with speed and affordability.
Pros:
- Layer-2 Scaling: Fast and cost-effective Stellar transactions.
- Non-Custodial Security: Users retain complete control over their XLM.
- Seamless Integration: Easily connects to Stellar-based DApps.
- Gas-Free Transactions: Certain Stellar transactions may have reduced or no fees.
- Cross-Platform: Available on mobile and web platforms.
Cons:
- Limited Asset Range: Primarily Stellar and associated assets.
- Layer-2 Complexity: Might require extra understanding from newcomers.
For more information, watch the video below:
27. BitKeep Wallet
BitKeep Wallet offers comprehensive cross-chain support, allowing users to manage Stellar (XLM) alongside diverse digital assets and DeFi features.
Pros:
- Multi-Blockchain: Supports Stellar and many other networks.
- Built-in Swaps: Effortlessly exchange XLM with various cryptocurrencies.
- NFT Marketplace: Stellar users can access NFT trading features.
- Secure Key Management: Enhanced protection and encryption.
- Mobile Friendly: Intuitive design for smartphone users.
Cons:
- Limited Desktop Support: Mostly optimized for mobile devices.
- Variable Transaction Fees: Fees can fluctuate depending on network usage.
For more information, watch the video below:
28. Coin98 Wallet
Coin98 Wallet is a versatile wallet for Stellar (XLM) users, facilitating interactions with decentralized finance (DeFi) and NFT ecosystems.
Pros:
- Extensive Blockchain Support: Stellar alongside multiple blockchain networks.
- DeFi Access: Direct access to Stellar DeFi platforms.
- NFT Management: Easy handling of Stellar-based NFTs.
- Cross-Platform Availability: Accessible via mobile, browser, and web.
- User-Controlled: Non-custodial wallet with complete key ownership.
Cons:
- Complex Interface: May not suit absolute beginners.
- Occasional Delays: Reported transaction processing delays.
For more information, watch the video below:
29. SafePal Wallet
SafePal Wallet provides both hardware and software solutions for secure Stellar (XLM) storage and transactions.
Pros:
- Hardware Integration: Enhanced security through cold storage options.
- Multi-Chain Support: Stellar compatibility along with other blockchains.
- In-App Exchange: Direct Stellar token swaps.
- Robust Security: Advanced encryption for key management.
- Mobile and Web Platforms: Wide accessibility options.
Cons:
- Cost for Hardware Wallet: Additional expense for hardware security.
- Technical Complexity: Some Stellar-specific features may challenge beginners.
For more information, watch the video below:
30. Taho Wallet
Taho Wallet is a Stellar-friendly wallet emphasizing community-driven security, transparency, and decentralized application integration.
Pros:
- Community-Oriented: Open-source and community audited.
- Non-Custodial: Users maintain full control over XLM private keys.
- Multi-Chain Capability: Works seamlessly with Stellar and other EVM-compatible chains.
- Enhanced Security: Built-in features to prevent phishing and scams.
- Browser Integration: Quick access to Stellar DApps via browser extension.
Cons:
- Limited Mobile Support: Primarily browser-based usage.
- No Built-in Staking: Lacks native Stellar staking functionalities.
For more information, watch the video below: