With LOBSTR you can receive off-chain tokens or fiat currency into your Stellar wallet using the Deposit option.
The Deposit function is available for those assets where the Deposit button is displayed. The button appears provided that the issuer/anchor of the token allows transferring the asset to the Stellar network.
For instance, if you wish to deposit such fiat currency as Brazilian Real, you first need to establish a trustline to the corresponding BRLT or BRL Stellar asset representing it by following the steps described in This Guide.
Note: Ensure your account meets the minimum XLM reserve requirement and you have 0.5 XLM available needed to open a trustline. Learn more
Once the trustline is created, open the Assets page, tap the BRLT asset and push the Deposit button. You may need to indicate additional required information specified by the anchor to start the deposit process.
NOTE: LOBSTR charges a small fee on deposit transactions. Once your deposit transaction is complete, you'll be prompted to pay the fee based on the amount received to your wallet. LOBSTR fee is 0.5% of the deposit amount or 0.5 USDC equivalent, whichever is higher. The partner may charge an additional deposit fee on their end.
LOBSTR has introduced the Loyalty Tiers Program, which extends benefits depending on the amount of AQUA and ICE tokens you hold in your portfolio balance. Deposit transactions are fee-free for Silver and Gold Loyalty Tiers. Learn more
*Does not apply to buying crypto via Moonpay and Changelly. The Deposit partner may charge an additional deposit fee on their end.
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