• Wallets
  • My experience with wallets: second part

As I explained in my previous article, I tested three wallets on my Android phone: Centaurus, Stargazer and Lobstr. I chose Centaurus as the one I can rely on for my future transactions.

Now, I would like to talk briefly about two web wallets I decided to test: StellarTerm and Ecliptic. On the StellarTerm webpage I had to log in with my secret key to manage the account. I had two options, as you also will: I could go to the Stellar Account Viewer and generate a secret key for a new account, or get my secret key generated automatically on my Centaurus wallet (there is a direct option to reveal it on the mobile application as I open the wallet).

I decided to get my secret key from Centaurus and use also in StellarTerm. When I opened the account, it showed me the balance on that account, the exact amount of XLM I have on Centaurus wallet, and gave me already some trust options. If you want to add a different anchor than the known options the wallet gives you, it’s possible to add via federation or manually, in that case adding the asset code and the Issuer Account ID.

I created a trust line for [tempo – EURT]( https://tempo.eu.com/en) as I wanted to sell some XLM in exchange of Euros. The exchange operation worked completely fine, and I received my euros for the price I sold the Lumens in a few seconds. The only problem is that I had some trouble in selling my Lumens for a reasonable price because the Buy offers were much lower than the [actual exchange price on Stellar network] (https://coinmarketcap.com/currencies/stellar/).

Lastly, I want to give some impressions about Ecliptic. I had to insert my e-mail address and create a username and password in order to initiate. What I really liked about this wallet is the design of the webpage and the fact that the user can hold as many wallets as he/she pleases on the same account, being each wallet a different Stellar account, but the Ecliptic also gives the user an automatically created Default wallet.

On the other hand, I couldn’t use many Ecliptic’s functions because I needed to receive a minimum amount of Lumens to have my account funded. My options to receive some XLM were either to give my Account ID or my Stellar address to the sender. I didn't have this problem on StellarTerm simply because I could import my previous wallet (Centaurus).

Considering those two wallets, I chose StellarTerm. It’s easy to use, I don’t have to give much information about myself except the secret key, which I can also generate on the Stellar Account Viewer, and it already gave me a list of anchor options to choose so I didn’t have to search for others. It’s important to mention that StellarTerm doesn’t save my secret key, so when I exit the page have to include the secret key again next time I open it. It may be considered an effective safety measure, so the user has to save the secret key in a safe place.

Even though I didn't exchange XLM or other currencies in other web wallets, I was pretty satisfied with my experience at StellarTerm, reason why I chose it.

I hope those other impressions can help many users!

Cheers!

Luísa Nogueira.

    Thanks, I think it's also good to note that StellarTerm is a more robust then a Stellar "web wallet". It's an exchange with various exchange pairs. For anyone who is not familiar you pick your base and counter assets(example BTC for XLM), buy and sell offers are displayed just like larger exchanges you might of been using already. I think it's good we continue educating the in-flux of new Stellar Users about alternative ways to trade their coins.

    I too prefer stellarterm as a trading platform wallet. there are also some cool features you may not realize it has like you can create a URL link of a trade pair that you can send someone. I've used this feature to create a list of custom asset pair trade links as seen here: http://www.funtracker.site/chart/index.html.

    One thing I didn't like about stellarterm is that you had to trust a website with your secret key. For this I created a branch of stellarterm that is seen as the links in my list above that allows sign in with your public key as an option. When and if you want to trade some asset you can sign the transaction on another trusted wallet like at https://www.stellar.org/laboratory/#txsigner?network=public or with http://sacarlson.github.io/my_wallet/.

    The new version of stellarterm also will have a working price history chart but last I checked that feature was broken. But I already brought this to the attention of the author and she will have it fixed soon.

    I can also state that I trust the original stellarterm as I've now looked at all the code when I created my branch and can tell you that it has no malicious code in it.

    Example of what a URL link with custom selected trade pairs looks like:
    https://www.funtracker.site/stellarterm/#exchange/FUNT-GBUYUAI75XXWDZEKLY66CFYKQPET5JR4EENXZBUZ3YXZ7DS56Z4OKOFU/XLM-native

    or with the original stellarterm:
    https://stellarterm.com/#exchange/FUNT-GBUYUAI75XXWDZEKLY66CFYKQPET5JR4EENXZBUZ3YXZ7DS56Z4OKOFU/XLM-native

    To view the software changes made in our branch of stellarterm see:
    https://github.com/sacarlson/stellarterm

    Your also welcome to install eather version on your own domain website if you want more security, they are both open source.

    8 months later

    NogueiraLuisa hi Luísa, I came across your posts on your experiences/reviews of Stellar wallets. I really like your explanations that a person who is not technical (me), can easily follow?

    I need to do a strength/weakness analysis on all available Stellar wallets - similar to what you already did but with some additional items and in specific format. Is this something you would be interested to do for a fee?
    If so, let me know what is the best email for you so I can share some more details or you can email me motik17@aol.com Thanks, Matt

      Is there a way to set inflation destination in the StellarTerm web wallet?

      2 months later

      NogueiraLuisa Ola, fala portugues? Qual a melhor wallet pra descktop, destas ques estao disponieis ? Vc prefere alguma em particular pq?

      What is the best desktop wallet, these are available? Do you prefer any in particular why?

      tnx/ ;¬)