The world of digital finance continues to evolve, and with it, the tools that empower users to take full control of their assets. Today marks a significant milestone in that journey: Stellar Lumens (XLM) are now officially supported on Coinbase Wallet.
This update allows users to store, manage, and interact with their XLM directly within the Coinbase Wallet app — a secure, user-custodied solution designed for both everyday users and advanced crypto enthusiasts.
What This Update Means for You
Starting today, you can securely hold your Stellar Lumens (XLM) right alongside your other cryptocurrencies in the Coinbase Wallet mobile application. Whether you're new to decentralized finance or an experienced blockchain user, this integration expands your ability to manage multiple digital assets in one trusted environment.
👉 Discover how easy it is to manage XLM and other cryptocurrencies in a secure wallet today.
Coinbase Wallet has long been recognized for supporting a wide array of digital assets — including Bitcoin, Ethereum, Bitcoin Cash, XRP, and over 100,000 ERC-20 tokens and ERC-721 collectibles. The addition of XLM reflects our ongoing commitment to broadening asset support and delivering greater utility to users who value self-custody and security.
Seamless Access Across Platforms
The updated version of Coinbase Wallet with XLM support will be rolled out gradually over the next seven days to all users on iOS and Android devices. No additional downloads are required — once the update reaches your device, you’ll be able to activate your XLM wallet instantly.
To begin using XLM:
- Open the Coinbase Wallet app.
- Tap "Receive" on the main wallet screen.
- Select Stellar Lumens (XLM) from the list of available assets.
Please note: The Stellar network requires a minimum balance of 1 Lumen for every active wallet. Be sure to fund your account with at least 1 XLM to ensure full functionality.
Empowering Developers with Testnet Support
For developers building on the Stellar ecosystem, Coinbase Wallet now includes support for the Stellar Testnet. This feature enables testing of decentralized applications (dApps), smart contracts, and transaction flows without using real funds.
You can switch to the testnet environment by navigating to:
Settings → Advanced Settings → Network Selection
This makes Coinbase Wallet a more powerful tool for developers who need reliable infrastructure during the creation and debugging phases of blockchain projects.
Security You Can Trust
One of the core principles behind Coinbase Wallet is security through self-custody. Unlike traditional exchange accounts where a third party holds your keys, Coinbase Wallet ensures that you remain in full control of your digital assets.
Your private keys are encrypted and stored locally on your device using Secure Enclave technology — a dedicated hardware component found in modern smartphones designed specifically to protect sensitive data. This means your keys never leave your device and are not accessible to Coinbase or any external party.
This approach provides best-in-class protection against unauthorized access, making it one of the most secure ways to manage crypto on mobile.
Understanding Coinbase Wallet vs. Coinbase.com
It’s important to distinguish between two key products:
- Coinbase.com (or the main Coinbase app): A centralized exchange where you can buy, sell, and trade cryptocurrencies. In this model, Coinbase holds your crypto and private keys on your behalf.
- Coinbase Wallet: A non-custodial wallet app that gives you complete ownership of your assets. You control your private keys, meaning only you can access your funds.
👉 Learn how switching to a self-custody wallet can give you true ownership of your digital assets.
If you've only used Coinbase.com so far, we encourage you to explore Coinbase Wallet. It's more than just a storage solution — it's a gateway to the decentralized web (Web3), allowing you to connect to dApps, participate in token swaps, and engage with blockchain-based services directly from your phone.
Looking Ahead: Expanding Crypto Support
As previously announced, we’re actively working on adding support for more popular cryptocurrencies beyond Ethereum and its token standards. Our goal is clear: to build the world’s leading user-custodied crypto wallet — one that’s intuitive, secure, and universally compatible.
Your feedback plays a crucial role in shaping the future of Coinbase Wallet. We’re constantly refining features based on user insights to improve performance, usability, and safety.
Have questions or suggestions? Reach out to us at [email protected] — we read every message.
Frequently Asked Questions (FAQ)
Q: Do I need a Coinbase.com account to use Coinbase Wallet?
No. Coinbase Wallet is independent of Coinbase.com. While you can link them for convenience, you don’t need a Coinbase account to create or use the wallet.
Q: Can I send XLM from Coinbase.com to my Coinbase Wallet?
Yes. You can withdraw XLM from your Coinbase.com account directly to your Coinbase Wallet by copying your wallet’s XLM address and pasting it as the recipient during withdrawal.
Q: Is there a fee to store XLM in Coinbase Wallet?
There is no fee charged by Coinbase Wallet for storing XLM. However, the Stellar network applies small transaction fees (fractions of a cent) when sending tokens.
Q: Why does my XLM wallet require 1 Lumen as a minimum balance?
This is a requirement of the Stellar network. Every account must maintain a minimum balance of 1 XLM to prevent spam and ensure network stability.
Q: Can I use Coinbase Wallet with hardware wallets?
Yes. For added security, you can integrate supported hardware wallets like Ledger with Coinbase Wallet via WalletConnect.
Q: Is my XLM backed up if I lose my phone?
As long as you’ve securely stored your 12-word recovery phrase during setup, you can restore your wallet — including your XLM — on any new device.
Core Keywords:
- Stellar Lumens (XLM)
- Coinbase Wallet
- self-custody crypto wallet
- XLM storage
- Secure Enclave technology
- non-custodial wallet
- blockchain security
- decentralized finance (DeFi)