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LOBSTR Stellar Lumens Wallet. Buy XLM Trade Crypto

latest release: 7.7.1 ( 14th January 2022 ) last analysed  27th August 2021 A wallet but not for Bitcoin
4.7 ★★★★★
8213 ratings
100 thousand
27th April 2015

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Do your own research!

Try out searching for "lost bitcoins", "stole my money" or "scammers" together with the wallet's name, even if you think the wallet is generally trustworthy. For all the bigger wallets you will find accusations. Make sure you understand why they were made and if you are comfortable with the provider's reaction.

If you find something we should include, you can create an issue or edit this analysis yourself and create a merge request for your changes.

The Analysis 

As the description states, lobstr is a stellar lumens wallet.

However, looking deeper you’ll find that you can purchase other assets including bitcoin. You can also add that to the “Assets”.

You need to deposit 5 XLM in order to add the BTC asset.

However, lobstr presumably only holds btc tokens and not actual bitcoin. Hence, the nobtc verdict.

Zendesk support page “Buying Crypto with LOBSTR wallet


Verdict Explained

The product is not for BTC.

As part of our Methodology, we ask:

Is it for bitcoins? If not, we tag it No BTC

At this point we only look into wallets that at least also support BTC.