Simaan

lightning

Best lightning wallet for retail stores

Thanks Siggy! I look forward to seeing you. also, thanks for introducing me to stacker news. this place is great.

I'm not too sure what you mean by a 1 million sat channel, I'll have to look into that.  Thanks for your help. 

Hi everyone, 

I am writing this post to ask a question that I've been having a hard time figuring out.  As some of you may know, I own a deli based in Melville, NY and I have been accepting bitcoin payments on main chain since 2016. 
Recently I decided to add the option for lighting payments and I chose Wallet of Satoshi for that application. I was not a fan of the wallet not being self custody but the user interface was so good that I decided to use it anyway. Also, since I always transfer the bitcoin into cold storage and never keep any significant btc on exchanges, I didn't mind it too much. Since then, Wallet of Satoshi has departed from the app store and now I am looking for a new lightning wallet that has zero or little fees for creating lightning channels. I would also like to have a static lightning wallet address that I can reuse many times to accept payments because I would like to print the QR receive address and post it in the store so that way I can still accept payments when I am not in the store, The same way I do on main chain.  As of right now, I am looking at using Phoenix wallet. However, at the current moment, the cost of creating a new lightning payment channel on Phoenix is 30,760 sats ($13). Does anybody know of a better lightning wallet or another way that i can accept lightning payments? 

Thanks for your help!

I am a small business owner on Long Island, New York.  My love for freedom and privacy brought me to Bitcoin. I am happy to be along for the ride. 