Basics: Depositing crypto and fiat in LOBSTR

Modified on Fri, 16 Sep 2022 at 06:41 AM

With LOBSTR you can receive off-chain tokens or fiat currency into your Stellar account 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.




See more:

What fiat currency can I deposit/withdraw with LOBSTR?

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