How to keep your lumens safe | Tips and security tools

Security is the foundation of trust in any financial system — and blockchain is no different. In this guide, we cover the best practices and tools to keep your Stellar lumens (XLM) and other assets safe.

Choose the Right Wallet

Your wallet is your gateway to the Stellar network. There are several excellent options, each with different security trade-offs:

Freighter is a browser extension wallet developed by the Stellar Development Foundation. It is open-source, non-custodial, and integrates seamlessly with Soroban dApps.

LOBSTR is a mobile-first Stellar wallet known for its clean interface and built-in exchange. It supports multi-signature accounts and is available on iOS and Android.

Enable Multi-Signature

Multi-signature (multisig) requires multiple private keys to authorize a transaction. This is one of the most effective ways to protect large holdings. Stellar's native multisig support allows you to require 2-of-3 or any combination of signers.

Best Practices

• Never share your secret key or seed phrase with anyone
• Use a hardware wallet for large holdings
• Enable two-factor authentication on all exchange accounts
• Verify URLs carefully before connecting your wallet
• Keep your software and wallet apps up to date
• Use a dedicated device for crypto transactions

Resources

[1] Freighter — Stellar Browser Wallet

[2] LOBSTR — Stellar Mobile Wallet

[3] Multisig on Stellar — Developer Docs