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What Is Lumexo? A Self-Custodial Wallet for Stellar

What is Lumexo? A self-custodial wallet for Stellar

Most people meet Stellar through an exchange. They buy some XLM, leave it there and never see much of the network itself: the exchange built into the protocol, the dollar and euro stablecoins, the lending markets, the tokenized funds. Getting to those usually means juggling several apps and learning a fair bit of jargon first.

Lumexo is our answer to that. It’s a self-custodial app where you can buy crypto, hold any Stellar asset, swap, trade and earn in one place, with your keys on your own device. Before you sign anything, the app explains in plain language what you’re about to approve.

Your keys stay with you

When you create a wallet, Lumexo shows you a 12-word recovery phrase and asks you to confirm a few of the words. There’s no account to open and no email to give. On your phone the wallet is protected by a PIN, plus fingerprint or face unlock.

The recovery phrase is the only way to restore your wallet, and that works both ways. Nobody else can move your funds, and nobody, Lumexo included, can recover the phrase for you if you lose it. Write it down offline and keep it to yourself.

What you can do today

  • Buy XLM or USDC with a card or bank transfer through Mercuryo and Transak. The provider sends the crypto straight to your wallet.
  • Hold and send XLM, USDC, EURC and any other Stellar asset. A payment settles in about five seconds and costs a fraction of a cent. If you send to an exchange address that needs a memo, the app warns you.
  • Swap at the best route Stellar finds across its order books and liquidity pools. On eligible swaps, part of the Lumexo fee comes back to you in LMX.
  • Trade with market and limit orders on Stellar’s order book. This part is in the web app for now and is coming to mobile.
  • Earn by depositing USDC or EURC in Blend’s easy mode and watching the balance grow in real time. You can also lend and borrow in expert mode, add liquidity to pools or stake LMX. Yields change with the market and aren’t guaranteed.
  • Connect to other Stellar apps from your phone with WalletConnect.

Why Stellar

A Stellar payment settles in seconds for a fraction of a cent, and the network has had its own exchange since the start. It’s also where Circle issues USDC and where Franklin Templeton runs its BENJI fund, so a lot of real money already lives there. We want Lumexo to be the easiest way to reach it.

Coming soon

  • The iOS app, now in App Store review.
  • Selling crypto and getting the money in your bank account.
  • Paying in shops that accept Stellar.

Getting started

Lumexo runs in your browser at app.lumexo.io and on Android. Create a wallet, add at least 5 XLM to activate it (Stellar asks every account to hold a small balance) and have a look around. If you get stuck, the Lumexo docs and our community on Telegram and Discord can help.