Starting today, you can now store your Stellar Lumens (XLM) directly in the Coinbase Wallet app.
Our goal with Coinbase Wallet is to create the world’s leading user-custodied crypto wallet. Coinbase Wallet already supports Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, XRP, and over 100,000 different ERC20 tokens and ERC721 collectibles built on Ethereum. Adding support for XLM is an important next step in that direction.
The new Wallet update with XLM support will roll out to all users on iOS and Android over the next week. To activate your XLM wallet — all you need to do is tap ‘Receive’ on the main wallet tab and select XLM. The Stellar network requires that all wallets have a minimum balance of 1 Lumen, so please fund your account with at least 1 Lumen.
Wallet also supports the Stellar Testnet to aid developers and power users. You can switch to the testnet from the Advanced Settings section of the Settings tab.
And, as always, your private keys are encrypted on your phone using Secure Enclave technology, to bring you best-in-class security. This specialized hardware is considered the most secure way to safeguard private data on mobile devices.
As announced previously, we’re also working on support for other popular cryptocurrencies.
If you have only ever used the primary Coinbase app (or Coinbase.com), we encourage you to check out Coinbase Wallet. The Coinbase Wallet app is Coinbase’s user-controlled cryptocurrency wallet. With Coinbase.com, you can buy crypto and Coinbase stores it (along with your private keys) for you; with Coinbase Wallet, you store your own crypto (safeguarded by a private key that only you know). To learn more, visit our website.
We hope you enjoy using Coinbase Wallet. Your feedback helps us make Wallet better for everyone. You can reach us at firstname.lastname@example.org.
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