Which wallet to choose ? \ stacker news ~bitcoin

31 sats \ 11 comments \ @03298f76ae 13 Mar 2023 bitcoin freebie

Hey, i've been using Wallet of Satoshi for the past few months, never had any issue with it however recently i've been thinking about moving to a self-custodial wallet.

I want to avoid any counterparty risk, hold my own seed/keys and de-Google my life slowly. Already did some research however i just want to ask you guys opinion is Phoenix is the best way to go ?

Muun : (+) Self-custodial (-) High fees bcs it actually perform Submarine Swaps in the background

Breez : (+) Pretty cool UI (+) Self-custodial (-) High fees (-) Unreliable, sometimes i'm unable to make or receive payment ? (-) It uses Google as a backup option

Phoenix : (+) Self-custodial (+) Open source, more eyes will bring more ideas

SBW & BlueWallet is dead

I don't know much about BLW, Zap, Lntxbot, Zeus, Eclair,Alby, Kollider, Nayuta and Electrum.

I just wanted to store my sats securely until one day i can setup my own node, any suggestion is appreciated :)

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50 sats \ 1 reply \ @DarthCoin 13 Mar 2023

Here you have detailed guides about LN wallets:

SBW & BlueWallet is dead

TOTALLY WRONG

SBW was forked into OBW (see the guide here
Bluewallet is not dead, they closed ONLY their custodial lndhub.io that have nothing to do with the app. See another guide here

de-Google my life slowly.

Muun REQUIRE Google play services, that means is tracking. Muun is controlling your xpubs, otherwise it cannot do those submarine swaps for you. So I would name it "tracked non-custodial", the "muun abomination"...

https://i.postimg.cc/9f8ZF3C7/muun-abomination.jpg

0 sats \ 0 replies \ @03298f76ae OP 13 Mar 2023

Alright i guess Phoenix is the way to go. Bitkit, Blixt and Nayuta is still early project and not time-tested yet. I won't risk my sats. Thanks Darth for guiding me to the right path :)

0 sats \ 0 replies \ @RdioActiv 13 Mar 2023

Honestly, I keep so little coin on Wallet of Satoshi it's no big deal to me. Majority of my Bitcoin are in cold storage on a hardware wallet.

0 sats \ 2 replies \ @ama 13 Mar 2023

Phoenix and Electrum are excellent. With Phoenix, ASINQ manages your channels for you, and with Electrum you manage your own channels.

Muun isn't a Lightning wallet, that's why it's so expensive. And, although it's supposed to be self-custodial, you need to trust it during the submarine swaps. It sucks so badly...

0 sats \ 1 reply \ @03298f76ae OP 13 Mar 2023

Are u actively using Phoenix ? How much inbound capacity per channel ?

0 sats \ 0 replies \ @ama 13 Mar 2023

Yes, I use Phoenix all the time. I currently have 7 channels, with different capacities ranging from 113,000 sats to 1,630,000 sats.

0 sats \ 0 replies \ @JohnBennson 13 Mar 2023

First check to make sure a wallet is reproducible...

https://walletscrutiny.com/#all-wallets-ordered-by-verifiability-downloads-and-ratings

0 sats \ 1 reply \ @nullama 13 Mar 2023

Since you mentioned de-googling, have a look here:

How to setup a useful smartphone without Google or Apple

Best open source lightning wallets with direct APK installers

0 sats \ 0 replies \ @03298f76ae OP 13 Mar 2023

Thanks for the recommendations, i come up with the conclusion that i will setup Phoenix wallet asap. Well what i mean by de-google is i try to use as less service from them but maybe one day i will test Pixel smartphone that you recommended. Once again, thank you so much for your kind reply :)

0 sats \ 1 reply \ @crybaby 13 Mar 2023

Phoenix is what I keep getting recommended but I have a sneaky feeling the "best" wallet if there is one for yours and my needs is yet to come out tbh. One of the exciting things about this space is its still really early and the best stuff is probably gonna come out of people from genz and younger.

0 sats \ 0 replies \ @03298f76ae OP 13 Mar 2023

I also think it is the second best we can get right now. After all the best wallet is your own node anyway :)