You can generate a new XLM address using a Stellar Wallet or a Crypto Exchange supporting XLM. In case of a wallet address, you need to maintain a minimum balance of 1 XLM, but this is not required for exchange XLM address.
For e.g. you can use your Binance Exchange XLM address to redeem rewards earned on Masmic. Alternatively, if you want to use a wallet address, some popular wallets are BlockEQ, Lobstr and others.
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