Securely Store Your Stellar

What is Stellar?

Stellar, which developed the lumen (XLM), is one of the most rapidly growing and successful altcoins in recent years. Its primary goal is to provide service to those outside of the scope of banking, in developing nations. It is open sourced and charges no fees for use of its network.

Its network operates with a select list of trustworthy nodes which authorize transactions, making transactions very fast and more affordable.

There is some controversy over a “coin-burn” of XLM that occured in November, 2019. The outstanding number of coins were burned, temporarily increasing the value. This was regarded as questionable, as decentralized systems are designed to protect against these kinds of actions.

How to create Stellar wallet?

Creating Stellar wallet with Coin Wallet is fast and hassle-free. You can do it from your computer or mobile device without providing any personal information.

The process is simple:

1. Select “Create new wallet”.
2. You will be given a unique passphrase. This is your only way to access your wallet. This information cannot be retrieved if lost, so it is essential to record it in a secure place.
3. Set a PIN for quick access on your device.
4. From here, you’re ready to send, receive and exchange Stellar with the app. You can buy Stellar with a credit/debit card, Google Pay, Apple Pay, or exchange with your existing crypto.