Stellar has grown rapidly in 2017. It is now one of the top 10 largest cryptocurrencies in the world.
This post will explain how to store your Stellar Lumens if you’ve already bought some.
At this time, there is only one hardware wallet that supports Stellar Lumens:
It’s the Ledger Nano S.
The Ledger Nano S keeps your Lumens offline. Lumens stored on an online computer can be accessed by hackers or malware. By storing the Lumens offline, the Lumens cannot be accessed remotely if someone were to hack into your computer, since the Nano S has no internet connection and data does not leave the device.
Anyone who is serious about securely storing Lumens should get a hardware wallet. While Stellar paper wallets can offer similar security, there are more ways to beginners to mess up and possibly lose money in the process.
Lobstr is available on Android. It can be installed through the Google play store and also offers 2FA, which provides an extra security boost. Still, you should not be storign a huge amount of Lumens on your Android device.
Stellar Desktop Client is a good option for small amounts on a desktop wallet. Be careful storing large amounts of Stellar on an internet connected computer, especially Windows. SDC is also open source.
It is fine for small amounts, but larger amounts should not be stored on any internet connected device.
There are some available, but web wallets for cryptocurrency in general are not secure and easier to lose money with.