How to setup a lobstr account?

by Community

How to setup a lobstr account?

Lobstr is one of the most popular online secure wallet for Stellar. You can buy, store, trade and swap Stellar Lumens (XLM) and other Stellar assets such as Doge Lumens (DXLM).

To learn more about lobstr and it's features, visit here.

Getting Started With Lobstr Wallet

To get started, first of all download the app for either android from Play Store or iphone from Apple Store (Or you can even go to their website):

Now open the lobstr app. Now let's create an account.

Creating A Lobstr Account

Creating a lobstr account is as simple as using it. Follow the steps below to create a lobstr account:

  1. Click on the "Create Account" Button
  2. Then Type your email address in the input field and then click "Continue" button
  3. You will receive an verification email. Verify your email. Then Click "Done"
  4. After you have given some personal information, You can select either "Create Stellar Wallet" if you don't already have a stellar wallet and want to create a new one or "Connect Stellar Wallet" if you have a stellar wallet.
  5. If you have clicked "Connect Stellar Wallet" button then you will need to type your recover phrase to connect it. Else skip to next step.
  6. If you have clicked "Create Stellar Wallet", then click on "I understand".
  7. lobstr wallet will automatically generate a random 12 words recovery phrase.
  8. Make sure to note it down or save it in a safe place. Click on "Continue". [Disclaimer: If you loose the recovery phrase, you won't be able to access the stellar wallet and your tokens ever again. Never share these phrases with anyone]
  9. Then you will need to put the 12 words recovery phrase in the correct order and click "Continue" to complete the process.

Congratulations! You have successfully created a lobstr account. Now we need to increase it's security!

Enabling Security Options For Lobstr Account

To protect your funds, you need to ensure that you have enabled as many security features as possible. Here's some security measures you can take:

Pin Code

Pin code helps you to protect your lobstr account from being accessed by others without your permission from your phone. Whenever someone opens the app, they will be asked to type the pin code to access the wallet.

To enable Pin Code, follow the steps below:

  1. Go to "settings" in the app by clicking on the icon on the top right corner
  2. Then click on the "security" option
  3. Click on the "pin code" and enable it. Then create a pin.
  4. Done!

2FA (Two Factor Authentication)

Enabling 2FA adds a second layer of security to your lobstr account. No one can access your account without 2FA Code. 2FA code is an one-time password that is required each time you access your account.

To enable 2FA (Two Factor Authentication), follow the steps below:

  1. Go to "settings" in the app by clicking on the icon on the top right corner
  2. Then click on the "security" option
  3. Click on the "Two-Factor Authentication" to enable it
  4. Make sure you have downloaded and installed the "Google Authenticator" or "Authy" app. It is required to complete the further process
  5. Then Click on the "Get Started" button
  6. The setup the Google Authenticator or Authy app with the 2FA code.
  7. Make sure to save the 2FA backup code and ensure that you never loose it. You won't be able to access your wallet without this in case your phone gets stolen or lost or destroyed.
  8. Done!

IP confirmation

IP confirmation helps to prevent unusual login from new IPs that are never been used to login to your account. Everytime someone tries to login to your account from a new IP which isn't authorized before, will need email verification.

To enable IP confirmation, follow the steps below:

  1. Go to "settings" in the app by clicking on the icon on the top right corner
  2. Then click on the "security" option
  3. Toggle the "IP confirmation" switch to enable it
  4. Done!

Notifications (Phone/Email)

Enabling email/phone notifications will help you to track unusual transactions, logins, activities via email or phone. So that you can take actions against any unusual activities instantly.

To enable Notifications (Phone/Email), follow the steps below:

  1. Go to "settings" in the app by clicking on the icon on the top right corner
  2. Then click on the "notifications" option
  3. Then enable the activities you want to get notified about and keep the rest disabled.
  4. Done!

Congratulations! You are all set and ready to deposit funds and start using the wallet.

Thanks!

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