The absolute minimum balance for every active Stellar wallet is 1 XLM, therefore when making a payment you should make sure to leave at least 1 lumen in your account.
When activating your wallet with the initial payment, we recommend sending or buying at least 5 XLM to make sure you have enough to use the LOBSTR app without any Stellar network restrictions.
Minimum balances help protect the network from spam account creation. Following the Stellar Network protocol, each new held asset (trustline), signer or active trade offer requires an additional 0.5 XLM reserve.
Sponsored Reserves also affect the minimum account balance and are reflected by the # of sponsoring entries and # of sponsored entries.
For example, an account with 1 trustline and 2 offers would have a minimum balance of 2.5 lumens:
1 XLM account min balance + 0.5 XLM base reserve * (3 entries + 1 sponsoring entry - 1 sponsored entry) = 2.5 total XLM reserve.
Entries include:
- Trustlines
- Offers
- Signers
- Data entries
With reference to the Stellar Network protocol, when creating an offer for sale, the funds involved in the offer are postponed to the reserved balance and cannot be used until the order is canceled or executed.
Make sure your Stellar wallet has enough XLM to cover a maximum Stellar network fee (enforced by the Stellar network, not LOBSTR).
Learn more:
What are the fees for a transaction?
MOBILE
If you have any further questions on the minimum account balance, please reach out to us at support@lobstr.co.
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