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32 sats \ 0 replies \ @DarthCoin 21 Apr \ on: Could you convert a no-coiner with just 1,000 sats? bitcoin
The best simple way to start with a boomer is with a NWC account. Yes are custodial accounts, but if you are a knowledgeable bitcoiner, you run your own "onboarding LN bank" offering "startup accounts" through NWC.
As I explained in this guide: https://darth-coin.github.io/beginner/getting-started-stack-sats-en.html

Steps to do with a noob:

  • Create an account (yes is custodial...) on any of the mentioned above apps/services, that support NWC (see https://nwc.dev/), for example the https://lnwallet.app/ is the simplest one, no KYC. Yes ideal will be to give them a NWC account from your LN bank.
  • Use Alby Go or Zeus or BitBanana to connect through NWC to that account
  • Start accumulating sats into that account. With a NWC account (linked to a 24/7 LN node) is easier to buy sats from Robosats for example, or any other LN exchange. As a noob, you can accumulate small amounts until you reach a meaningful amount to open a proper LN channel.
  • Once you reached let's say 10-20-50k sats, go and buy an inbound LSP LN channel. Here is a list of the most used LSPs.
  • For example, we suppose you use Zeus (one of the most complete mobile wallet apps with various connection types), stacking sats in a NWC account and now you want to start opening a LN channel.
  • Add a new embedded LND node in Zeus and please read first this "Getting started with Zeus" guide.
  • Let Zeus to fully sync and put Zeus in "Persistent mode" so the LND service will run in the background. Then hit the button in the "Channels" screen, to "buy inbound channel". Select 500k or better 1M sats channel and hit create order. You will be prompted to pay a LN invoice (the lease of the channel). Copy the invoice code.
  • Go to "Nodes" (top right icon) and select your NWC account. Then pay (paste) that LN invoice to the LSP.
  • Go back to Zeus embedded node and you will see the invoice paid and the channel opening in few moments.
  • Done! Now you are ready to receive directly into self-custody LN channel, with your own LN node on your mobile.
  • Once you fill up that channel, use a swap service (if Zeus is not already integrated the swap service in app) to move like 90% of your channel balance into a "cache level wallet" (see next chapter), where you will build a nice UTXO for cold storage.
  • Once the LN channel is (almost) emptied (never move all the funds, leave like 1-5%) you are ready to repeat the process.
I wrote more guides to follow up:
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