When it comes to managing digital assets, choosing the right cryptocurrency wallet is crucial. With so many options available, users often struggle to determine which platform offers the best balance of security, usability, and features. Two platforms that frequently come up in comparison are LOBSTR and Uphold—both popular in their own right but designed with different user needs in mind.
This in-depth analysis compares LOBSTR and Uphold across key factors such as supported assets, security, ease of use, and overall value. Whether you're a beginner exploring crypto for the first time or an experienced investor looking for flexibility, this guide will help you decide which wallet suits your needs better in 2025.
Overview of LOBSTR and Uphold
What Is LOBSTR?
LOBSTR is one of the earliest mobile wallets built specifically for the Stellar (XLM) ecosystem. Founded in 2014 and officially registered in Belarus, LOBSTR was developed by Ultra Stellar, LLC—an independent company not affiliated with the Stellar Development Foundation.
As a hot software wallet, LOBSTR focuses on simplicity and accessibility. Its clean interface makes it ideal for beginners who want to send, receive, and store Stellar-based tokens effortlessly. The app supports a limited number of cryptocurrencies but excels in user experience within the Stellar network.
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What Is Uphold?
Uphold, founded in 2015 and based in the United States, is more than just a crypto wallet—it's a multi-asset digital platform. Users can store, buy, convert, and trade over 30 cryptocurrencies, 27 fiat currencies, and even precious metals like gold and silver.
Unlike LOBSTR, Uphold operates as a custodial wallet where users do not control their private keys. However, it compensates with broad asset support, built-in exchange functionality, and global money transfer capabilities. It’s particularly appealing to those seeking a unified financial dashboard.
Key Features Compared
Supported Cryptocurrencies
One of the most significant differences between the two platforms lies in asset diversity.
- LOBSTR supports only 8 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and—most notably—Stellar (XLM). This limited scope reflects its niche focus on the Stellar blockchain.
- Uphold supports 34 cryptocurrencies, ranging from major coins like Bitcoin and Ethereum to newer entrants such as Solana (SOL), Polkadot (DOT), and Cardano (ADA). This wide selection makes Uphold a better fit for diversified portfolios.
For users invested beyond the Stellar ecosystem, Uphold clearly offers greater versatility.
Security & Private Key Control
Security remains a top priority for any crypto holder.
- LOBSTR gives users full control over their private keys, meaning you own your assets directly. This non-custodial model enhances security and aligns with decentralization principles.
- Uphold, on the other hand, is a custodial wallet—your private keys are managed by the platform. While this simplifies recovery and usability, it also means you’re trusting a third party with your funds.
Uphold does implement third-party encrypted storage and uses a 100% redundancy model to back all user assets at a 1:1 ratio from company funds—a strong trust signal—but it still carries counterparty risk.
Ease of Use & Interface
Both platforms emphasize user-friendliness:
- LOBSTR offers an intuitive mobile interface optimized for quick transactions on the Stellar network. Features like Touch ID support, real-time price updates, and an open-source codebase enhance transparency and convenience.
- Uphold is rated "easy" to use, with mobile apps available on both Android and iOS. Its dashboard allows instant currency conversion and seamless transfers between Uphold users worldwide.
While both are beginner-friendly, LOBSTR edges out in simplicity for Stellar-specific tasks, whereas Uphold provides more advanced tools for active traders.
Functional Capabilities
| Feature | LOBSTR | Uphold |
|---|---|---|
| Wallet Type | Mobile-focused software wallet | Full-featured software wallet |
| Storage Type | Hot wallet | Hot wallet |
| Fiat Support | Yes | Yes (27 currencies) |
| Trading Facilities | No | Yes (built-in exchange) |
| Two-Factor Authentication (2FA) | Yes | Yes |
| Open Source | Yes | No |
| Precious Metals Support | No | Yes (gold, silver, platinum, palladium) |
Uphold stands out with its integrated trading engine and support for non-crypto assets. If you’re interested in converting USD to EUR or buying gold digitally, Uphold enables these functions natively. LOBSTR lacks these features but appeals to purists who prefer direct blockchain interaction without intermediaries.
Language & Global Accessibility
Both wallets cater to international audiences:
- LOBSTR supports 6 languages: English, Spanish, Korean, Russian, Chinese, and Thai.
- Uphold offers broader coverage with 8 languages, including Japanese, Portuguese, German, and French.
Additionally, Uphold’s licensing in multiple jurisdictions enhances legal compliance and accessibility across regions—though funding methods may vary depending on location.
User Ratings & Trust Score
Despite functional strengths, user sentiment differs significantly.
- LOBSTR holds a 2.8/5 user rating based on 28 reviews.
- Uphold scores lower at 1.7/5 from 70 reviews—indicating higher dissatisfaction among its larger user base.
However, expert assessments paint a different picture:
- Cryptogeek Rating: LOBSTR – 4.6/5 | Uphold – 4.4/5
- Trust Score: LOBSTR – 3.68/5 | Uphold – 3.85/5
These ratings suggest that while users may have mixed experiences—possibly due to customer service or interface quirks—both platforms are considered reliable by objective evaluation standards.
Frequently Asked Questions (FAQ)
Is LOBSTR safe to use?
Yes, LOBSTR is considered secure because it’s a non-custodial wallet—you control your private keys. Being open-source also allows public auditing of its code. However, always ensure you download the app from official sources and never share your seed phrase.
Can I trade crypto on LOBSTR?
No, LOBSTR does not offer built-in trading features. It’s primarily designed for storing and transferring cryptocurrencies on the Stellar network. For trading, you’d need to use external exchanges.
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Does Uphold give me my private keys?
No, Uphold is a custodial wallet. You do not have access to your private keys, meaning the platform holds your assets on your behalf. This increases convenience but reduces full ownership control.
Which wallet supports more coins?
Uphold supports 34 cryptocurrencies, far exceeding LOBSTR’s 8. If you hold diverse digital assets beyond Stellar-based tokens, Uphold is the better choice.
Is there a fee to use Uphold?
Yes, Uphold charges conversion fees whenever you buy or exchange currencies. These fees can add up over time, especially for frequent traders. LOBSTR has minimal transaction costs due to low Stellar network fees.
Can I link a debit card to LOBSTR?
No, LOBSTR does not currently support direct card linking. You’ll need to fund your wallet through external transfers or exchanges.
Final Verdict: Which Should You Choose?
Choosing between LOBSTR and Uphold depends on your priorities:
Choose LOBSTR if:
- You primarily use Stellar (XLM) or Stellar-based tokens
- You value private key control and decentralization
- You want a simple, open-source mobile wallet
Choose Uphold if:
- You want to manage multiple asset types—crypto, fiat, metals
- You prefer an all-in-one platform with trading and conversion tools
- You’re okay with custodial storage for added convenience
Both platforms have merit: LOBSTR shines in simplicity and security for niche users, while Uphold delivers versatility for mainstream adopters.
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Conclusion
In the evolving landscape of digital finance in 2025, selecting the right wallet means aligning technology with personal goals. LOBSTR remains a top-tier option for Stellar enthusiasts who prioritize autonomy and ease of use. Meanwhile, Uphold serves as a comprehensive financial hub for those managing mixed portfolios across crypto and traditional assets.
Ultimately, your decision should reflect how you plan to use your wallet—whether for focused blockchain activity or broad financial management.
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