Overview of Stellar and XLM
Stellar is an open-source, decentralized protocol designed to facilitate fast, low-cost international money transfers across currencies. Its native cryptocurrency, Lumens (XLM), has a total supply of 50 billion.
Key Features of Stellar:
- 5-second transaction settlement with minimal fees.
- Governed by the non-profit Stellar Development Foundation (unlike Ripple’s for-profit model).
- Supports trustlines for asset issuance and cross-currency transactions.
👉 Learn how Trezor ensures secure XLM storage
Using XLM on Trezor Devices
XLM is fully supported on all Trezor Safe Family and Trezor Model T hardware wallets.
Base Reserve Requirement
To prevent spam, Stellar enforces a minimum balance rule:
- Each address must hold 1 XLM (2 × 0.5 XLM base reserve).
- Additional trustlines or features increase the reserve by 0.5 XLM each.
- This reserve is locked until the account is closed.
Destination Tags
Destination tags (or memos) are critical for exchanges and vendors to identify transactions.
Best Practices:
- Always use the tag if required by the recipient (e.g., exchanges).
- Tags are not needed for personal wallets like Trezor Suite.
- Test small amounts first when depositing to exchanges.
👉 Trezor’s step-by-step guide to XLM transactions
FAQs
1. What happens if I forget a destination tag?
Funds may be lost if the exchange requires the tag. Always double-check with the recipient.
2. Can I recover the 1 XLM base reserve?
Yes, but only by merging (closing) your Stellar account via advanced tools like Stellar Laboratory.
3. How does Stellar differ from Ripple (XRP)?
Both share similar technology (fast settlements, tags), but Stellar focuses on low-cost remittances, while Ripple targets institutional banking.
4. Is XLM mining possible?
No—XLM was pre-mined, and new coins are distributed through inflation and partnerships.
Summary
Trezor devices offer secure storage for XLM, with built-in support for destination tags and compliance with Stellar’s reserve rules. For seamless transactions:
- Verify destination tags for exchanges.
- Maintain the 1 XLM reserve.
- Use Trezor Suite for non-custodial control.
Always consult Stellar’s official resources or Trezor support for complex operations.
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