Quick Overview
| Company | Ultra Stellar OÜ |
|---|---|
| Category | Crypto Wallets |
| Headquarters | Estonia (city not stated), Estonia |
| Founded | Not stated |
| EU Presence | Yes - Estonia (EU) |
| Data Location | not stated on the pages we read |
| Open Source | Not stated on the pages we read |
| GDPR Compliant | Yes (EU entity, Estonian law) |
| Self-Hosting | No |
| Main Features | Stellar and XRP Ledger wallet, buy by card, Apple Pay or Google Pay, on-chain and cross-chain swaps, price alerts, 2FA, PIN, multisig, LOBSTR Vault, Signer Extension |
| Pricing | Free app; fees for buying and swapping were not read |
| Best For | Stellar and XRP users who want an easy mobile wallet |
| Replaces | Wallet use for Stellar and XRP Ledger |
Detailed Review
LOBSTR is provided by Ultra Stellar OÜ, a private limited company whose terms are governed by the laws of Estonia. The service states that it is an independent commercial entity unaffiliated with the Stellar Development Foundation.
LOBSTR narrows the focus to two networks. It does not target Ethereum dApps like MetaMask. It suits people whose assets already live on Stellar or the XRP Ledger.
What can LOBSTR do?
LOBSTR lets users hold, send, receive, buy and swap assets on Stellar and the XRP Ledger. The site lists card, Apple Pay and Google Pay for purchases, and on-chain and cross-chain swaps.
Price tracking and market alerts are included, and the site states more than 1,000,000 total users and a 4.7 store rating on more than 30,000 reviews.
How does LOBSTR protect accounts?
The LOBSTR site lists 2FA, a PIN code and multisig as account protections, and states that the user controls the keys. LOBSTR Vault and a Signer Extension extend multisig use.
We did not read a security audit, so these remain vendor statements.
What are the legal terms?
The terms of service were last updated on 9 January 2024 and the Estonian law clause applies. A privacy policy is published by Ultra Stellar OÜ.
The city of the registered office was not shown in the pages we read.
Limitations to Consider
LOBSTR supports Stellar and the XRP Ledger rather than Ethereum or Solana, so it is no direct replacement for MetaMask. The terms we read date from January 2024, and the registered city and register number were not shown. Open-source status and fee tables were not read. For a multi-chain app see Coinomi.
Who Should Use LOBSTR
Holders of Stellar or XRP Ledger assets who want an accessible mobile wallet.
Pros and Cons
Pros
- Estonian company with Estonian governing law
- Buy, swap and track prices in one app
- 2FA, PIN and multisig available
- Web, iOS and Android access
- Vault and Signer Extension add multisig tools
Cons
- Only Stellar and XRP Ledger
- Terms last updated in January 2024
- Registered city not shown
- Fees not read
Alternatives to LOBSTR
Other European crypto wallets worth comparing before you decide:
See all European crypto wallets or compare them directly against Wallet use for Stellar and XRP Ledger on our alternatives page.
Frequently Asked Questions
Ultra Stellar OÜ, an Estonian private limited company, provides LOBSTR and says it is unaffiliated with the Stellar Development Foundation.
The site describes a Stellar and XRP Ledger wallet and offers purchases of Bitcoin and Ethereum through partners.
Yes. The site lists multisig as a security option and offers LOBSTR Vault for it.