Stellar Desktop Client wallet review
- Overview
- Security
- User Experience
The Stellar Desktop Client is a wallet platform serving the users that want to store or trade Stellar Lumens. The wallet is developed and maintained by a Chinese-based company with some financial background, called Ripplefox. This wallet platform is mainly intended for the Chinese market, offering the cryptocurrency assets hedged in CNY (Chinese Yuan) by default.
In terms of functionality this wallet is developed, offering users the possibility of trading and storing XML coins and the buy/sell option. Stellar Desktop Client provides funding possibilities through external services (only Bitcoin and XML support) or by Chinese Yuan, through Ripplefox. Also, this wallet platform has developed in-software option to back-up partner ICO's.
Company / organization behind the wallets
The wallet is developed and maintained by a Chinese-based company called RippleFox, which offers little to no information about its whereabouts and management. There are no news mentions about the company or similar products.
There is a main password to access the wallet and a secondary password used to encrypt the secret key. Although it doesn't support two-factor authentication, users are in control of their private keys with this wallet and are responsible for a hot or cold storage set-up.
The wallet is best suite for experienced users.
Summary:
Considering its functionalities and 3-rd party software integrations, Stellar Desktop Client is mainly purposed for the Chinese market. Keeping in mind that users are in control of their private keys, this storage option is considered safe, but at the same time usage is severely limited due to the country restrictions.