Hi. I'm new to Lightning Wallets. Currently using Wallet Of Satoshi on mobile device. Must say it is super lightning fast on handling transactions. One thing that bothers me is the actual security of my sats in this wallet. Reason I feel this way is that "Not your keys, not your coins" and setting up this wallet I've noticed that there is no keys. So do I really own the sats in the wallet of satoshi?
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21 sats \ 1 reply \ @purpurato 6 Nov 2023
Quick answer: no.
It's the same for money in your bank account, I'm sure you have way more there than what you keep at WoS, are you really worried?
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0 sats \ 0 replies \ @SN023 OP 6 Nov 2023
Not worried too much but it is my hard earned sats. And nope, don't have a bank account with loads of fiat. I'm unemployed so don't own a bank account.
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110 sats \ 6 replies \ @DarthCoin 6 Nov 2023
No, are not even sats, just some tokens IOU. WoS is offering you only a custodial account. Like a bank account.
Please consider reading these guides and learn more about LN wallets:
- choosing the right wallet
- https://darthcoin.substack.com/p/lightning-wallets-comparison
- https://darthcoin.substack.com/p/getting-started-ln
- https://darthcoin.substack.com/p/the-lightning-network-and-the-airport
- https://darthcoin.substack.com/p/bitcoin-be-your-own-bank-think-like
https://i.postimg.cc/yxNT2Bgj/wallet-stairs.jpg
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0 sats \ 5 replies \ @SN023 OP 6 Nov 2023
Will do thanks. I guess Blue wallet is the same? Setting up zeus on mobile was confusing. I will definitely go through the links you shared. Thank you.
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1 sat \ 4 replies \ @DarthCoin 6 Nov 2023
For Bluewallet, please read here:
https://darthcoin.substack.com/p/bluewallet-connect-to-ln-funding
It is if you are too new to this stuff, but don't give up so easy, Zeus is a powerful app.
All Zeus documentation is here, step by step: https://docs.zeusln.app/
Pay attention to private mobile LN nodes here:
https://darthcoin.substack.com/p/private-lightning-nodes
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0 sats \ 2 replies \ @SN023 OP 11 Nov 2023
Hello. I'm still reading. And finally got Zeus setup with alby. Is it safe to use getAlby LN?
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0 sats \ 1 reply \ @DarthCoin 11 Nov 2023
Alby is good as a decoy wallet.
In my guides I explained why.
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0 sats \ 0 replies \ @SN023 OP 12 Nov 2023
Having a problem with WoS to send my sats to Zeus. It's telling me insufficient funds. Sent support a mail.
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0 sats \ 0 replies \ @SN023 OP 6 Nov 2023
Thank you for guidance in the right direction. Appreciate it.
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0 sats \ 0 replies \ @BitcoinIsTheFuture 7 Nov 2023
No
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0 sats \ 0 replies \ @southside263 6 Nov 2023
- Download Zeus or Phoenix
- send to new wallet
- Congrats
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