Everything you need to know about Stellar (XLM) inside of Exodus.
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In this article:
What is the Stellar network?
Stellar is an open-source payments network created in 2014 by the Stellar Development Foundation. It aims to provide a payment network with low transaction fees and fast confirmation times.
The main asset of the Stellar network is Stellar (XLM).
What is Stellar's minimum balance?
The Stellar network requires all accounts to hold a minimum balance of 1 XLM. This means a new address needs to receive at least 1 XLM to be activated.
Each additional token type that you hold increases the required minimum balance by 0.5 XLM.
The Stellar minimum balance helps prevent spam accounts and supports efficient network operation by introducing a cost to creating and maintaining accounts.
The Stellar minimum balance is locked and can't be spent or used in transactions.
You can read more about the Stellar (XLM) minimum balance requirements in Stellar's official documentation.
What are base reserves?
A base reserve is a unit of measurement used to calculate the XLM minimum balance. The size of a base reserve is determined in a vote by Stellar validators, which occurs every few years.
Currently, one base reserve is 0.5 XLM.
Activating an XLM address costs 2 base reserves, which means that 1 XLM is needed to activate an address.
If a Stellar address holds tokens other than XLM, opens trustlines, or stores extra data, it will require more base reserves, increasing the minimum balance.
For example, each Stellar token you enable (excluding XLM) creates a trustline that increases the minimum balance by one base reserve of 0.5 XLM.
How does the XLM minimum balance work in Exodus?
When using the Stellar network in your Exodus wallet:
To activate your Stellar address, you must receive at least 1 XLM.
Each additional token type you enable on the Stellar network increases your minimum balance by 0.5 XLM.
The required XLM minimum balance is locked and cannot be spent or used for transactions.
How do I activate my XLM address?
To activate your XLM address in Exodus, you need to send at least 1 XLM to your wallet. Once received, your address becomes active on the Stellar network.
For a guide on how to receive crypto with Exodus, visit: How do I receive Bitcoin and crypto in Exodus?
If your address isn't activated, any deposit below 1 XLM will be rejected by the network, and the transaction will fail.
After your XLM address is activated, you'll be able to receive XLM transactions of any size.
What XLM address format does Exodus support?
Exodus only supports standard Stellar addresses, which always start with a "G".
Some exchanges, like Kraken, use muxed addresses, which start with an M. A muxed address combines a standard Stellar address and memo ID. These platforms might ask if you want to send or receive with muxed or standard XLM addresses.
Exodus does not support muxed addresses. If you send or receive XLM with Exodus, always select the standard address, starting with a "G". Otherwise, you might see an error that the address is incorrect or not formatted correctly.
For example, if you deposit to Kraken or withdraw to Exodus, you must select the "memo required" address, the XLM standard address, instead of a muxed address.
Please note that when sending XLM from Exodus to another platform using standard addresses, you often need to include a memo. For more information, visit: What memo or destination tag should I use when sending to Exodus?
How do I enable tokens on the Stellar network?
On the Stellar network, you must enable a token before your address can receive it. If you try to receive a token before enabling it, the transaction will fail.
In Exodus, when you try to receive or swap into a token on the Stellar network for the first time, you'll be prompted to enable it.
Enabling a Stellar token creates a trustline, allowing your address to receive that token. This transaction incurs a small network fee and increases your XLM minimum balance requirement by 0.5 XLM.
See the sections below to learn how to enable XLM tokens on Exodus Mobile and Desktop.
Removing trustlines for enabled Stellar tokens to free up the 0.5 XLM minimum balance is not supported in Exodus.
Mobile
Ensure the token you want to receive is enabled. To learn how to do this, visit: How do I enable or disable an asset on Mobile?
If you don't see the token you want to receive, you might be able to add it as a custom Stellar token: How do I add a custom token?Go to the wallet of the Stellar token you want to receive. If the token is not enabled, tapping Receive will prompt you to enable it.
You'll also be prompted to enable the token if you try to swap into a Stellar token that hasn’t been enabled yet.
To create the trustline and enable the token so you can receive or swap it, tap Enable.
This will create a transaction that incurs a small transaction fee and increases your minimum balance requirement by 0.5 XLM.
You can now receive the token in your Exodus wallet.
Desktop
Ensure the token you want to receive is enabled. To learn how to do this, visit: How do I enable or disable an asset on Desktop?
If you don't see the token you want to receive, you might be able to add it as a custom Stellar token: How do I add a custom token?Go to the wallet of the Stellar token you want to receive. If the token is not enabled, tapping Receive will prompt you to enable it.
You'll also be prompted to enable the token if you try to swap into a Stellar token that hasn’t been enabled yet.
To create the trustline and enable the token so you can receive or swap it, tap Enable.
This will create a transaction that incurs a small transaction fee and increases your minimum balance requirement by 0.5 XLM.
You can now receive the token in your Exodus wallet.