Stargazer Wallet Review ▷ Is it the right choice for your Stellar (XLM) Coins?
Are you looking for a way to store your XLM coins safely? Well, you should take a look at the Stargazer wallet. Not only is it one of the XLM storage options recommended by the Stellar Team itself, it's also one of the most popular among XLM holders. Let's learn more about it in this Stargazer Wallet Review.
What is the Stargazer Wallet?
Incredibly, there are not too many ways to store star lumens at the moment, although the XLM-Coin has been around since 2015. However, the stargazer is one of the most popular options.
It is available for both desktop and mobile devices and is supported by Android, Windows and Mac OS. However, you should know that there is no iOS app available at the moment. Apple users must use the Desktop Wallet if they want to use Stargazer.
The good news for crypto beginners is that Stargazer was designed to be as simple as possible and especially beginner-friendly.
There are several features that have made Stargazer popular. First of all, it is open source software, i.e. its code can be changed by anyone at any time. As open source, the software can also perform necessary updates if necessary.
In addition, it is easy to create an account, send and receive coins easily, and multiple accounts are supported. Accounts can be either individual/personal or shared.
With this storage solution, XLM owners can issue, redeem, trade, receive and send coins. Users can also import existing accounts either via a QR code or manually.
Which coins does Stargazer support?
From now on the Stargazer wallet is built to store only star lumens.
It was developed as a safe and sophisticated method for sending, receiving and trading XLM coins. Stellar was developed with the goal of financing non-bank loans and making financial services easily accessible to everyone around the world. As a result, most storage options that support XLM have been designed with simplicity and mobile optimization in mind.
Is the Stargazer Wallet safe?
One of the most important concerns of users when storing crypto currencies is security. Finally, there have been numerous cases of theft of coins and hacking of private keys. As the code of Stargazer is open source, users often worry about the security of coins stored in the wallet.
Although the Stargazer wallet had a number of complaints about bugs that did not allow users to send or receive money, there have not been any complaints about security breaches so far. The private keys are stored locally on the device and not on the network. This ensures that the solution is as secure as possible.
The entire network is fully encrypted and secure, with the only exception of decryption when the private key leaves the platform, when an account is exported and when there is no password protection. All transactions go through a rigorous verification process before being signed and submitted.
How to use the Stargazer Wallet?
- Trust thousands of XLM coin holders.
- Simple and easy to set up.
- Supported devices: Desktop & Mobile (Android only).
- Supports operating systems: Mac OS, Windows, Linux & Android.
How do you start?
Once you go through the download link, you will be redirected to the Stargazer page where you can choose the correct download for your device.
Once the file has been downloaded, click on it and click the "Open" button. Then simply move the Stargazer to your application folder.
If you try to open the application, you will receive a message that the application comes from an unidentified developer. This is because the Stargazer wallet, like most crypto related apps, is not located in the official Apple Store.
To open the app, go to 'System Preferences' and select 'Security & Privacy'. Then click on the 'Open Anyway' button.
You will then receive the general terms and conditions. Click on 'Accept' to continue.
How to set up Stargazer Wallet?
Once you have accepted the terms and conditions, your next step is to 'create a personal account'. Choose this option.
Create an account name and click 'Next'.
You will then be asked to select a financing account. Most new Stargazer users will not have one yet. It is OK to continue with selecting this as "none".
You will then be shown 24 words that make up your secret phase. These words should be written down on paper and kept safe. With this combination of words you can reset and retrieve the money in your wallet. Remember never to share the words of recovery with anyone.
Stargazer will then ask you to tap each recovery word to make sure you wrote it down correctly. Press the "next" button when you are finished.
They should now be set up and ready for use.
How can you send or receive funds?
The home screen looks exceptionally simple when it is not activated. To receive wallet money, simply click on the "Receive" button.
You will then see your Stellar Wallet ID and a QR code that you can use to send funds to Stargazer. If you are sending XLM from a crypto wallet, use the "Account ID" to deposit money into your wallet.
To send money, click on the "Send" button on the home page and enter the "Account ID" of the person you want to send XLM to as well and enter the number of coins to send. It really is that simple.
For more information on how to buy XLM (Stellar Lumen) at all, read this article.
Stargazer Wallet fees
There are no registration fees, but the minimum balance is 20 XLM. You can withdraw up to 19 XLM, but keep 1 XLM in your account to keep your account active.
Whether you are new to crypto or professional, Stargazer is a reliable and secure way to store XLM coins on your desktop or Android. There have been some complaints in the past, with some users pointing out bugs. However, these all seem to have been fixed by now.
The biggest disadvantage for us is that there is no iOS application. This means that anyone who needs to send and receive XLM with an iPhone should look at the Lobstr wallet instead.
With Stargazer you get an easy to use and lightweight XLM wallet. We love the simplicity of Stargazer and believe that XLM holders can't go too far wrong with this storage solution.