Mobius StellarTerm Wallet + Exchange Guide
By: David Gobaud
Tags: Ethereum, Cryptocurrency, Bitcoin, Stellar, Fintech

The most secure way to store MOBI is a Ledger Nano S hardware wallet (see the Mobius Nano S guide). A hardware wallet such as the Nano S is the most secure method because it never transmits its secret key to your computer — instead a transaction is sent to the Nano S to be signed and the signed transaction is sent back to your computer for transmission to the network.

If you do not have a Nano S and cannot obtain one, the software wallet we recommend is the open source StellarTerm (GitHub) created by the awesome Iris Li! StellarTerm is recommended because it never stores or sends your secret key anywhere. You do however still have to enter your secret key into StellarTerm which can be risky because your computer might have spyware on it or someone could hijack the StellarTerm domain and cause you to run malicious code that steals your secret key.

The best way to run StellarTerm is the Downloadable Desktop Version. You should download it and make sure the SHA 256 hash matches what is published on the download page. This way you aren’t subject to the domain hijacking but you are still vulnerable to spyware on your computer. If you choose to use the web version you should run it in a Google Chrome Incognito window with all extensions disabled (because they can also spy on everything).

On to how to use StellarTerm!

Creating an Account

If you have never used Mobius or Stellar or before you need to create an account to store your MOBI, XLM, and other Stellar assets (what tokens are called on Stellar).

In StellarTerm click Account in the top menu or browse to https://stellarterm.com/#account.

Click “Generate keypair” and you will be shown a Public Key and Secret Key.

The Secret Key is the password to your account — you must save it in a secure place and not lose it! If you lose it there is no way to recover it. Mobius nor Stellar can recover it. There is no password reset for your account!

We recommend printing the Secret Key and storing the piece of paper in a safe and secure place.

If you store the Secret Key in plain text on your computer and you get a virus or your computer is otherwise compromised, the hacker can easily steal all of your MOBI and other assets in your Stellar account and there is nothing anyone can do about it!

Once you have your Secret Key, enter it in the Secret Key textbox above the “Log in” button and then click “Log in”.

NOTE: Make sure you aren’t confusing 1 (one) and l (the letter) and 0 (zero) and O (the letter) etc — some people have been unable to login and this is why!

You will see that your account is unfunded. Every Stellar account must have at least 1 XLM and if you want to send MOBI to it you need an additional 0.5 XLM for the MOBI trustline (explanation below). You also need a tiny bit of XLM for transaction fees so we recommend at least 2 XLM (1 XLM base + 0.5 XLM MOBI trustline + 0.5 XLM transaction fees).

Getting XLM

If you don’t have any XLM you need to get some to create your account. You can buy XLM on services such as Binance and Bittrex. You might need to first buy Ethereum or Bitcoin on e.g., Coinbase to Binance or Bittrex to trade for XLM. Once you have your XLM you can send it to your new Account ID (Public Key)!

Support StellarTerm!

When you login to your account you’ll see the below screen asking you to “vote” for StellarTerm as your inflation destination — please do this to support continued development of StellarTerm!

Stellar has an inflation system in which every week some XLM are distributed to every address that meets some minimum threshold so once StellarTerm’s inflation address meets the minimum it will start receiving free XLM to help compensate for its great product.

Add MOBI Trustline

On Stellar before an account can receive an asset (token) it must explicitly tell the network that it wants to accept the asset by adding a trustline.

You can add the MOBI trustline by clicking “Accept assets” at the top.

Scroll down to MOBI and click “Accept MOBI”

When completed the button will change into text that says “MOBI accepted” and at the top you’ll see it under “Assets you accept”.

IMPORTANT NOTE: Do NOT send anything (including XLM and MOBI!) to the GA6HCMBLTZS5……..GWMRDNSWJPIH address! That is the MOBI issuer account. Any MOBI sent their are lost/destroyed and any other assets such as XLM are locked forever!

Buying MOBI

If you have browsed the Mobius DApp Store and are ready to buy some MOBI so you can use some of the amazing DApps you can buy MOBI on the Stellar Distributed Exchange (SDX)!

Stellar, unlike Bitcoin and Ethereum, has a native, high-speed distributed exchange that supports all Stellar assets. Since the SDX is a distributed exchange you don’t have to signup and wait for anyone to approve your account.

You can also use the SDX immediately with any Stellar account and no one can restrict it!

You also maintain control of your assets at all times and they are never transferred to any third-party. If your assets such as MOBI are stored on a Nano S they stay there while they are being actively traded on the SDX.

The first step to buying MOBI on the SDX through StellarTerm is to click Markets in the top menu to go to the Markets page.

Next click trade next to MOBI which will take you to the MOBI-XLM Market on the SDX.

Now you simply enter the amount of MOBI you want to buy or sell in the relevant section and click the “Buy MOBI” or “Sell MOBI” button and your order is placed and will be filled ASAP.

You can also buy MOBI using Bitcoin or Ethereum on Stronghold!

Note: Stronghold is a centralized exchange meaning that your assets are transferred to it for trading and if Stronghold is hacked it is likely your assets will be stolen.

If you have any questions please reach out on Twitter or Telegram (Chinese)!

Note: Trustline Limit

When buying if you get an op_line_full error it means you are trying to buy more MOBI than you have set your trustline for!

StellarTerm doesn’t currently support increasing a trustline limit so to fix this please go to https://mystellar.tools/ (another software wallet like StellarTerm but it supports the Nano S!).

Enter your secret key in the textbox and click the Enter button.

Click the Menu button in the top left and click “Manage trustlines”.

Hover over the MOBI trustline and click Edit.

In the Limit textbox enter a big number such as the maximum limit 922337203685.4775807 and click UPDATE.

When done it will say “Trustline updated” in a green box in the bottom right.

Congratulations you are now able to hold up to 922337203685.4775807 MOBI!!

Community

Please join Mobius online!

Email: https://bit.ly/mobi_email

Telegram: https://t.me/mobius_network (Chinese)

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Facebook: https://www.facebook.com/mobiusnet

Reddit: https://www.reddit.com/r/MobiusNetwork/

LinkedIn: https://www.linkedin.com/company/mobiusnetwork/

GitHub: https://github.com/mobius-network

npm: https://www.npmjs.com/org/mobius-network

Ruby Gems: https://rubygems.org/profiles/mobius-network