What happens to my shared Alby Wallet?
If you created an Alby account before March 24, 2024, withdraw your sats until including January 3, 2025. Spin up your own Alby Hub to withdraw any remaining balance from the shared wallet. We’ll provide you with guidance and reminders throughout this transition to ensure a smooth process.
If you don't withdraw your funds by January 4, 2025, your remaining balance will be converted into Fee Credits. These credits will be used to cover fees of one month Alby Cloud subscription and one payment channel making it easy to start your own self-custodial Hub. You are able to transfer your funds to your new Alby Hub and retain access to your sats. Learn more about Fee Credits here.
This approach serves as a bridge—easing the transition from legacy wallets while empowering you to maintain an active presence in the lightning network.