Comparar CoinSpot Wallet vs LOBSTR Wallet

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Introduction

Choosing the right crypto wallet is crucial, especially when different wallets serve various ecosystems and user needs. In this article, we will compare CoinSpot Wallet and LOBSTR Wallet, two popular wallets that cater to different crypto environments. CoinSpot Wallet is a custodial wallet tied to an Australian exchange, while LOBSTR Wallet is a non-custodial wallet designed specifically for the Stellar (XLM) network. We will compare the design, features, supported assets, security, and usability to help you choose the best wallet for your crypto needs.


Company Background and Purpose

CoinSpot Wallet is integrated into CoinSpot, the largest Australian cryptocurrency exchange, which has been operating since 2013. The wallet is a custodial wallet, providing convenience for users accessing services on the exchange. Users store, send, and receive cryptocurrencies within the CoinSpot ecosystem. CoinSpot Wallet focuses on compliance with Australian financial regulations and simplicity for users.

LOBSTR Wallet, launched in 2014 by Ultra Stellar, is a non-custodial wallet designed specifically for the Stellar blockchain. It supports XLM and various Stellar-derived tokens and is available as a mobile and web app. LOBSTR provides a simple interface for managing Stellar assets, integrating with the Stellar Decentralized Exchange (DEX).

CoinSpot Wallet is ideal for Australian users using the CoinSpot platform, while LOBSTR caters to users managing Stellar-based assets globally.


Wallet Type and Level of Financial Control

One of the most significant differences between these wallets is the custodianship of funds.

CoinSpot Wallet is a custodial wallet, meaning that the exchange controls the private keys on behalf of the user. This setup simplifies access and recovery for users but means the user depends on CoinSpot's security measures.

LOBSTR Wallet is non-custodial, giving users full control over their private keys and seed phrases. While this provides greater control and security, it also places the responsibility for backups and protection on the user.

If integration with an exchange and convenience are your priorities, CoinSpot Wallet is the better option. If you prefer full control over your assets and prioritize security, LOBSTR Wallet is the right choice.


Supported Assets and Blockchain Focus

CoinSpot Wallet supports over 370 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Dogecoin (DOGE), and many altcoins. The wallet allows easy interaction with the CoinSpot exchange, providing quick access to token exchanges and fiat AUD withdrawals.

LOBSTR Wallet, however, is focused on the Stellar ecosystem, supporting XLM and Stellar-based tokens such as USDC, AQUA, and MOBI. It enables trading on the Stellar Decentralized Exchange (DEX) and managing trustlines for specific tokens.

While CoinSpot Wallet offers multi-chain support, LOBSTR is ideal for those specifically interested in Stellar-based assets.


User Experience and Accessibility

CoinSpot Wallet is integrated with the CoinSpot platform, making it easy for users to create a CoinSpot account and manage their wallet. It provides a user-friendly experience, even for beginners, allowing users to buy, sell, and store crypto under one roof. CoinSpot also offers AUD withdrawals, which is convenient for Australian users. However, the wallet’s functionality is limited outside of the CoinSpot platform.

LOBSTR Wallet provides a simple, intuitive experience for both mobile and desktop users. It allows easy wallet creation and safekeeping of the seed phrase. Once set up, sending and receiving Stellar tokens, swapping tokens, and managing assets are straightforward. Advanced features like federated addresses, multi-signature addresses, and DEX trading are also available.

CoinSpot Wallet is best for new users or those looking for integration with an exchange. LOBSTR Wallet excels in providing native tools for the Stellar ecosystem.


Security Features and Recovery

CoinSpot Wallet benefits from the security measures of a regulated exchange. CoinSpot is ISO 27001 certified and offers features like two-factor authentication (2FA), withdrawal restrictions, and cold storage for funds. Account recovery is also straightforward through email or customer support, thanks to the custodial nature of the wallet.

LOBSTR Wallet, as a non-custodial wallet, relies on the user to secure their seed phrase. It offers biometric login, 2FA, and Ledger hardware wallet integration for added security. However, if the seed phrase is lost, the funds cannot be recovered.

For maximum security, CoinSpot Wallet offers easy recovery options, while LOBSTR provides more control but requires responsible handling of seed phrases.


Features and Other Tools

CoinSpot Wallet benefits from integration with the full CoinSpot exchange platform, offering:

  • Instant buying and selling of cryptocurrencies

  • Bundled crypto purchases

  • Tax reporting software

  • Native AUD support

  • Access to an NFT marketplace

LOBSTR Wallet provides Stellar-specific features, including:

  • Stellar DEX access

  • Asset tracking

  • Trustline management

  • Federated address system

  • LumenSwap for asset conversion

If you're looking for exchange activity and a seamless experience, CoinSpot Wallet is the better choice. For Stellar-focused tools and deeper integration within the Stellar ecosystem, LOBSTR stands out.


Advantages and Disadvantages

CoinSpot Wallet

Pros:

  • Integrated with the Australian crypto exchange

  • Supports hundreds of cryptocurrencies

  • Fiat redemptions and tax instruments available

Cons:

  • Custodial—no control over private keys

  • Limited functionality outside CoinSpot

  • Not ideal for long-term cold storage

LOBSTR Wallet

Pros:

  • Non-custodial with full user control

  • Stellar-focused with access to DEX and token management

  • Easy-to-use for Stellar assets

Cons:

  • Only supports Stellar-based currencies

  • Recovery depends on seed phrase

  • Less suited for cross-chain portfolios


Frequently Asked Questions (FAQ)

Can I use CoinSpot Wallet and LOBSTR simultaneously?

No. CoinSpot doesn’t integrate with the Stellar DEX, but you can transfer XLM from CoinSpot to LOBSTR manually.

Which wallet is more secure?

LOBSTR is more secure from a key control perspective if you manage your seed phrase carefully. CoinSpot offers decent exchange-level security but holds funds in custody.

Do I need to verify my identity for using these wallets?

LOBSTR doesn’t require KYC verification, but some Stellar services may ask for it. CoinSpot requires full KYC verification.

Is LOBSTR available in Australia?

Yes, LOBSTR is available globally, including in Australia.

 

Empresa
User rating User rating 4.3 / 5 16 avaliações do usuário User rating 2.7 / 5 29 avaliações do usuário
Cryptogeek rating Cryptogeek rating 4 / 5 Cryptogeek rating 4.6 / 5
Pontuação de Confiança Como funciona Pontuação de Confiança 3.73 / 5 Pontuação de Confiança 3.66 / 5

Sobre

Coinspot wallet é um serviço especial prestado pela coisnpot exchange. Ele fornece uma carteira quente para cada moeda que sua bolsa está atualmente negociando. Juntamente com crypto, ele também suporta O Dólar Australiano. Atualmente, a carteira de moedas tem mais de 60 moedas e fichas. O Built-in exchange é uma característica adicional da carteira, bem como 2FA para a segurança adicional. A única língua disponível é o inglês.
LOBSTR é uma das primeiras Carteiras XLM no mercado de cryptocurrency, fundada em 2014 e oficialmente registrada na Bielorrússia. LOBSTR wallet é fornecida pela Ultra Stellar, LLC, uma entidade comercial independente não afiliada com a Stellar Development Foundation.  LOBSTR pode ser chamada quase a carteira mais conveniente para gadgets móveis, uma vez que é uma carteira móvel fácil de usar com uma interface atraente. Através da carteira LOBSTR, você pode facilmente enviar e receber estelar. Uma interface de usuário confortável e simples é perfeito para iniciantes, como você pode navegar rapidamente.

Data de fundação

2013 2014

País

Australia Belarus

Idiomas

English English, Spanish, Korean, Russian, Chinese, Thai

Wallet type

Software wallet Sem dados

Storage type

Hot wallet Hot wallet

Private keys

Not available Not available

Available coins

149 - Bitcoin (BTC), Basic Attention Token (BAT), IOTA (MIOTA), Tezos (XTZ), Ethereum Classic (ETC), NEO (NEO), VeChain (VET), OmiseGO (OMG), Qtum (QTUM), Verge (XVG), Lisk (LSK), ICON (ICX), Ontology (ONT), Bitcoin Gold (BTG), Zcash (ZEC), Nano (NANO), Populous (PPT), Bytecoin (BCN), Steem (STEEM), Wanchain (WAN), Siacoin (SC), Dogecoin (DOGE), Waves (WAVES), Zilliqa (ZIL), Decred (DCR), Aeternity (AE), Status (SNT), 0x (ZRX), Loopring (LRC), Komodo (KMD), Aion (AION), Golem (GNT), Ardor (ARDR), IOST (IOST), DigiByte (DGB), Ark (ARK), Waltonchain (WTC), aelf (ELF), PIVX (PIVX), Factom (FCT), Dragonchain (DRGN), Substratum (SUB), Mithril (MITH), Syscoin (SYS), Gas (GAS), Elastos (ELA), Voyager Token (VGX), FunFair (FUN), Nxt (NXT), Nebulas (NAS), Nucleus Vision (NCASH), OByte (GBYTE), ReddCoin (RDD), Revain (REV), WAX (WAX), SALT (SALT), Electroneum (ETN), MaidSafeCoin (MAID), Power Ledger (POWR), Zcoin (XZC), Enigma (ENG), Storj (STORJ), TenX (PAY), Neblio (NEBL), Cindicator (CND), Skycoin (SKY), Horizen (ZEN), Civic (CVC), SingularityNET (AGI), POA Network (POA), Nexus (NXS), GameCredits (GAME), Dent (DENT), Vertcoin (VTC), Quantstamp (QSP), iExec RLC (RLC), Decentraland (MANA), Polymath (POLY), Po.et (POE), Loom Network (LOOM), NULS (NULS), Enjin Coin (ENJ), Raiden Network Token (RDN), Metal (MTL), Arcblock (ABT), Pundi X (NPXS), SIRIN LABS Token (SRN), Bluzelle (BLZ), Genesis Vision (GVT), THETA (THETA), NavCoin (NAV), Gifto (GTO), Comet (CMT), AirSwap (AST), OST (OST), Scry.info (DDD), Ripio Credit Network (RCN), Streamr DATAcoin (DATA), Quantum Resistant Ledger (QRL), AdEx (ADX), UTRUST (UTK), Einsteinium (EMC2), Ambrosus (AMB), Groestlcoin (GRS), WePower (WPR), Peercoin (PPC), Crypterium (CRPT), USD Coin (USDC), Ripple (XRP), Binance Coin (BNB), Bitcoin Cash (BCH), Bitcoin SV (BSV), Cardano (ADA), Cosmos (ATOM), Dash (DASH), EOS (EOS), Ethereum (ETH), Litecoin (LTC), Monero (XMR), NEM (XEM), Stellar (XLM), Tether (USDT), Tron (TRX), Polkadot (DOT), BitTorrent (BTT), Terra (LUNA), pTokens BTC (PBTC), Crypto.com Coin (CRO), Filecoin (FIL), FTX Token (FTT), Kusama (KSM), Algorand (ALGO), NEAR Protocol (NEAR), Ocean Protocol (OCEAN), Celo (CELO), Energy Web Token (EWT), Quant (QNT), Hedera Hashgraph (HBAR), Solana (SOL), Helium (HNT), IoTeX (IOTX), TomoChain (TOMO), Chiliz (CHZ), Ankr (ANKR), IRISnet (IRIS), SUN (SUN), Hive (HIVE), Unibright (UBT), Fantom (FTM) 8 - Bitcoin (BTC), Basic Attention Token (BAT), Dogecoin (DOGE), USD Coin (USDC), Ripple (XRP), Ethereum (ETH), Litecoin (LTC), Stellar (XLM)

Segurança

Sem dados Sem dados

Anonimato

Sem dados Sem dados

Fácil de usar

Sem dados Sem dados

Tem cartão anexado

Sem dados Sem dados

Tem instalações comerciais

Sem dados Sem dados

Tem vouchers e ofertas

Sem dados Sem dados

Recursos

Sem dados Sem dados
Sobre
Coinspot wallet é um serviço especial prestado pela coisnpot exchange. Ele fornece uma carteira quente para cada moeda que sua bolsa está atualmente negociando. Juntamente com crypto, ele também suporta O Dólar Australiano. Atualmente, a carteira de moedas tem mais de 60 moedas e fichas. O Built-in exchange é uma característica adicional da carteira, bem como 2FA para a segurança adicional. A única língua disponível é o inglês.
LOBSTR é uma das primeiras Carteiras XLM no mercado de cryptocurrency, fundada em 2014 e oficialmente registrada na Bielorrússia. LOBSTR wallet é fornecida pela Ultra Stellar, LLC, uma entidade comercial independente não afiliada com a Stellar Development Foundation.  LOBSTR pode ser chamada quase a carteira mais conveniente para gadgets móveis, uma vez que é uma carteira móvel fácil de usar com uma interface atraente. Através da carteira LOBSTR, você pode facilmente enviar e receber estelar. Uma interface de usuário confortável e simples é perfeito para iniciantes, como você pode navegar rapidamente.
Data de fundação Data de fundação 2013 Data de fundação 2014
País País Australia País Belarus
Idiomas Idiomas English Idiomas English, Spanish, Korean, Russian, Chinese, Thai
Wallet type Wallet type Software wallet Wallet type Sem dados
Storage type Storage type Hot wallet Storage type Hot wallet
Private keys Private keys Not available Private keys Not available
Available coins Available coins 149 - Bitcoin (BTC), Basic Attention Token (BAT), IOTA (MIOTA), Tezos (XTZ), Ethereum Classic (ETC), NEO (NEO), VeChain (VET), OmiseGO (OMG), Qtum (QTUM), Verge (XVG), Lisk (LSK), ICON (ICX), Ontology (ONT), Bitcoin Gold (BTG), Zcash (ZEC), Nano (NANO), Populous (PPT), Bytecoin (BCN), Steem (STEEM), Wanchain (WAN), Siacoin (SC), Dogecoin (DOGE), Waves (WAVES), Zilliqa (ZIL), Decred (DCR), Aeternity (AE), Status (SNT), 0x (ZRX), Loopring (LRC), Komodo (KMD), Aion (AION), Golem (GNT), Ardor (ARDR), IOST (IOST), DigiByte (DGB), Ark (ARK), Waltonchain (WTC), aelf (ELF), PIVX (PIVX), Factom (FCT), Dragonchain (DRGN), Substratum (SUB), Mithril (MITH), Syscoin (SYS), Gas (GAS), Elastos (ELA), Voyager Token (VGX), FunFair (FUN), Nxt (NXT), Nebulas (NAS), Nucleus Vision (NCASH), OByte (GBYTE), ReddCoin (RDD), Revain (REV), WAX (WAX), SALT (SALT), Electroneum (ETN), MaidSafeCoin (MAID), Power Ledger (POWR), Zcoin (XZC), Enigma (ENG), Storj (STORJ), TenX (PAY), Neblio (NEBL), Cindicator (CND), Skycoin (SKY), Horizen (ZEN), Civic (CVC), SingularityNET (AGI), POA Network (POA), Nexus (NXS), GameCredits (GAME), Dent (DENT), Vertcoin (VTC), Quantstamp (QSP), iExec RLC (RLC), Decentraland (MANA), Polymath (POLY), Po.et (POE), Loom Network (LOOM), NULS (NULS), Enjin Coin (ENJ), Raiden Network Token (RDN), Metal (MTL), Arcblock (ABT), Pundi X (NPXS), SIRIN LABS Token (SRN), Bluzelle (BLZ), Genesis Vision (GVT), THETA (THETA), NavCoin (NAV), Gifto (GTO), Comet (CMT), AirSwap (AST), OST (OST), Scry.info (DDD), Ripio Credit Network (RCN), Streamr DATAcoin (DATA), Quantum Resistant Ledger (QRL), AdEx (ADX), UTRUST (UTK), Einsteinium (EMC2), Ambrosus (AMB), Groestlcoin (GRS), WePower (WPR), Peercoin (PPC), Crypterium (CRPT), USD Coin (USDC), Ripple (XRP), Binance Coin (BNB), Bitcoin Cash (BCH), Bitcoin SV (BSV), Cardano (ADA), Cosmos (ATOM), Dash (DASH), EOS (EOS), Ethereum (ETH), Litecoin (LTC), Monero (XMR), NEM (XEM), Stellar (XLM), Tether (USDT), Tron (TRX), Polkadot (DOT), BitTorrent (BTT), Terra (LUNA), pTokens BTC (PBTC), Crypto.com Coin (CRO), Filecoin (FIL), FTX Token (FTT), Kusama (KSM), Algorand (ALGO), NEAR Protocol (NEAR), Ocean Protocol (OCEAN), Celo (CELO), Energy Web Token (EWT), Quant (QNT), Hedera Hashgraph (HBAR), Solana (SOL), Helium (HNT), IoTeX (IOTX), TomoChain (TOMO), Chiliz (CHZ), Ankr (ANKR), IRISnet (IRIS), SUN (SUN), Hive (HIVE), Unibright (UBT), Fantom (FTM) Available coins 8 - Bitcoin (BTC), Basic Attention Token (BAT), Dogecoin (DOGE), USD Coin (USDC), Ripple (XRP), Ethereum (ETH), Litecoin (LTC), Stellar (XLM)
Segurança Segurança Sem dados Segurança Sem dados
Anonimato Anonimato Sem dados Anonimato Sem dados
Fácil de usar Fácil de usar Sem dados Fácil de usar Sem dados
Tem cartão anexado Tem cartão anexado Sem dados Tem cartão anexado Sem dados
Tem instalações comerciais Tem instalações comerciais Sem dados Tem instalações comerciais Sem dados
Tem vouchers e ofertas Tem vouchers e ofertas Sem dados Tem vouchers e ofertas Sem dados
Recursos Recursos Sem dados Recursos Sem dados

Social

Site

twitter.com lobstr.co

Twitter

CoinSpot @lobstrco
Site Site twitter.com Site lobstr.co
Twitter Twitter CoinSpot Twitter @lobstrco

Vantagens

- Fácil de usar e seguro - Fidedigno - Intercâmbio integrado - Opção Fiat - Autenticação de dois factores (2FA) - Código aberto - Ferramenta de junção - Suporte Touch ID - Actualizações dos preços em tempo Real - Moveis - Assistência

Desvantagens

- A plataforma só pode ser usada por residentes australianos - Um depósito com cartão tem uma taxa de 1% - Falta de gerador determinístico hierárquico - A baixa gama de moedas (uma vez que é Carteira estelar)

Avaliação

User rating User rating 4.3 / 5 16 avaliações do usuário User rating 2.7 / 5 29 avaliações do usuário
Cryptogeek rating Cryptogeek rating 4 / 5 Cryptogeek rating 4.6 / 5
Vantagens Vantagens - Fácil de usar e seguro - Fidedigno Vantagens - Intercâmbio integrado - Opção Fiat - Autenticação de dois factores (2FA) - Código aberto - Ferramenta de junção - Suporte Touch ID - Actualizações dos preços em tempo Real - Moveis - Assistência
Desvantagens Desvantagens - A plataforma só pode ser usada por residentes australianos - Um depósito com cartão tem uma taxa de 1% Desvantagens - Falta de gerador determinístico hierárquico - A baixa gama de moedas (uma vez que é Carteira estelar)

A avaliação de CoinSpot Wallet usuários é de 4.3, com base em 16 avaliações de usuários. A avaliação de LOBSTR usuários é de 2.7, com base em 29 avaliações de usuários.

We also calculate the special Cryptogeek TrustScore based on the characteristics of each wallet.

Escolhemos o vencedor com base em nossa classificação da Pontuação de Confiança. Lembre-se de que ainda depende de você qual empresa escolher! Como calculamos a Pontuação de Confiança?
Pontuação de Confiança: 3.73 / 5 Escreva sua avaliação
Pontuação de Confiança: 3.66 / 5
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Conclusion

The CoinSpot Wallet vs LOBSTR Wallet comparison highlights the distinct roles both wallets play in the crypto ecosystem. CoinSpot Wallet is ideal for Australian users seeking a one-stop-shop for buying, storing, and redeeming cryptocurrencies with easy access to fiat currencies. LOBSTR Wallet, on the other hand, is perfect for users deeply invested in Stellar assets and looking for advanced features like DEX access and trustline management. For users seeking both security and ease of use, combining CoinSpot for exchanges with LOBSTR for Stellar management is an ideal solution.

Introduction

Choosing the right crypto wallet is crucial, especially when different wallets serve various ecosystems and user needs. In this article, we will compare CoinSpot Wallet and LOBSTR Wallet, two popular wallets that cater to different crypto environments. CoinSpot Wallet is a custodial wallet tied to an Australian exchange, while LOBSTR Wallet is a non-custodial wallet designed specifically for the Stellar (XLM) network. We will compare the design, features, supported assets, security, and usability to help you choose the best wallet for your crypto needs.


Company Background and Purpose

CoinSpot Wallet is integrated into CoinSpot, the largest Australian cryptocurrency exchange, which has been operating since 2013. The wallet is a custodial wallet, providing convenience for users accessing services on the exchange. Users store, send, and receive cryptocurrencies within the CoinSpot ecosystem. CoinSpot Wallet focuses on compliance with Australian financial regulations and simplicity for users.

LOBSTR Wallet, launched in 2014 by Ultra Stellar, is a non-custodial wallet designed specifically for the Stellar blockchain. It supports XLM and various Stellar-derived tokens and is available as a mobile and web app. LOBSTR provides a simple interface for managing Stellar assets, integrating with the Stellar Decentralized Exchange (DEX).

CoinSpot Wallet is ideal for Australian users using the CoinSpot platform, while LOBSTR caters to users managing Stellar-based assets globally.


Wallet Type and Level of Financial Control

One of the most significant differences between these wallets is the custodianship of funds.

CoinSpot Wallet is a custodial wallet, meaning that the exchange controls the private keys on behalf of the user. This setup simplifies access and recovery for users but means the user depends on CoinSpot's security measures.

LOBSTR Wallet is non-custodial, giving users full control over their private keys and seed phrases. While this provides greater control and security, it also places the responsibility for backups and protection on the user.

If integration with an exchange and convenience are your priorities, CoinSpot Wallet is the better option. If you prefer full control over your assets and prioritize security, LOBSTR Wallet is the right choice.


Supported Assets and Blockchain Focus

CoinSpot Wallet supports over 370 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Dogecoin (DOGE), and many altcoins. The wallet allows easy interaction with the CoinSpot exchange, providing quick access to token exchanges and fiat AUD withdrawals.

LOBSTR Wallet, however, is focused on the Stellar ecosystem, supporting XLM and Stellar-based tokens such as USDC, AQUA, and MOBI. It enables trading on the Stellar Decentralized Exchange (DEX) and managing trustlines for specific tokens.

While CoinSpot Wallet offers multi-chain support, LOBSTR is ideal for those specifically interested in Stellar-based assets.


User Experience and Accessibility

CoinSpot Wallet is integrated with the CoinSpot platform, making it easy for users to create a CoinSpot account and manage their wallet. It provides a user-friendly experience, even for beginners, allowing users to buy, sell, and store crypto under one roof. CoinSpot also offers AUD withdrawals, which is convenient for Australian users. However, the wallet’s functionality is limited outside of the CoinSpot platform.

LOBSTR Wallet provides a simple, intuitive experience for both mobile and desktop users. It allows easy wallet creation and safekeeping of the seed phrase. Once set up, sending and receiving Stellar tokens, swapping tokens, and managing assets are straightforward. Advanced features like federated addresses, multi-signature addresses, and DEX trading are also available.

CoinSpot Wallet is best for new users or those looking for integration with an exchange. LOBSTR Wallet excels in providing native tools for the Stellar ecosystem.


Security Features and Recovery

CoinSpot Wallet benefits from the security measures of a regulated exchange. CoinSpot is ISO 27001 certified and offers features like two-factor authentication (2FA), withdrawal restrictions, and cold storage for funds. Account recovery is also straightforward through email or customer support, thanks to the custodial nature of the wallet.

LOBSTR Wallet, as a non-custodial wallet, relies on the user to secure their seed phrase. It offers biometric login, 2FA, and Ledger hardware wallet integration for added security. However, if the seed phrase is lost, the funds cannot be recovered.

For maximum security, CoinSpot Wallet offers easy recovery options, while LOBSTR provides more control but requires responsible handling of seed phrases.


Features and Other Tools

CoinSpot Wallet benefits from integration with the full CoinSpot exchange platform, offering:

  • Instant buying and selling of cryptocurrencies

  • Bundled crypto purchases

  • Tax reporting software

  • Native AUD support

  • Access to an NFT marketplace

LOBSTR Wallet provides Stellar-specific features, including:

  • Stellar DEX access

  • Asset tracking

  • Trustline management

  • Federated address system

  • LumenSwap for asset conversion

If you're looking for exchange activity and a seamless experience, CoinSpot Wallet is the better choice. For Stellar-focused tools and deeper integration within the Stellar ecosystem, LOBSTR stands out.


Advantages and Disadvantages

CoinSpot Wallet

Pros:

  • Integrated with the Australian crypto exchange

  • Supports hundreds of cryptocurrencies

  • Fiat redemptions and tax instruments available

Cons:

  • Custodial—no control over private keys

  • Limited functionality outside CoinSpot

  • Not ideal for long-term cold storage

LOBSTR Wallet

Pros:

  • Non-custodial with full user control

  • Stellar-focused with access to DEX and token management

  • Easy-to-use for Stellar assets

Cons:

  • Only supports Stellar-based currencies

  • Recovery depends on seed phrase

  • Less suited for cross-chain portfolios


Frequently Asked Questions (FAQ)

Can I use CoinSpot Wallet and LOBSTR simultaneously?

No. CoinSpot doesn’t integrate with the Stellar DEX, but you can transfer XLM from CoinSpot to LOBSTR manually.

Which wallet is more secure?

LOBSTR is more secure from a key control perspective if you manage your seed phrase carefully. CoinSpot offers decent exchange-level security but holds funds in custody.

Do I need to verify my identity for using these wallets?

LOBSTR doesn’t require KYC verification, but some Stellar services may ask for it. CoinSpot requires full KYC verification.

Is LOBSTR available in Australia?

Yes, LOBSTR is available globally, including in Australia.