Stellar Desktop Client wallet review

Stellar Desktop Client
Developed Ease of use,  High Privacy,  User Private Keys Stored

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.

Crypto Currencies Support

Language Support

  • Chinese
  • English

Supported Systems

  • Windows
  • OSX
  • Linux

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.

Summary:

Security
Low
2 Factor Authentication
No
Multi-Signature
No
Private Keys Stored On
User
Storage Type
The user may choose hot or cold storage and is responsible for the set up
Transactions Validation
Full Node
Hierarchical Deterministic
No

What happens in the event of a disaster/theft/loss?

The user has a 'root key', 'recovery phrase' or 'word seed' that can be used to regenerate private keys.

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.

Ease of use
Developed
Suitable For
Techy’s
Account activation process
Simple
Transaction fees
Dynamic Transaction fees
Setup fee
$0.00

Functionality:

  • Buy coins using bank account
  • Withdrawal funds to bank account

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.

The wallet platform has built the exchange function in their own software and manages it locally.

Help and support:

  • GitHub

Personal information for activation account:

  • Name
  • Email Address

Most common customer complaint:

Errors on Mac OS systems on wallet back-up.