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Trying Out Speed Wallet – Lightning Fast BTC for Newbies?
87 sats \ 7 comments \ @Macoy31 11 Jul bitcoin_beginners
Hello everyone! I’m a newbie Bitcoiner from the Philippines 🇵🇭 and I recently started using Speed Wallet to store and receive sats via the Lightning Network.

So far, I’m amazed at how fast the transactions are — kahit ₱5 lang (a few sats), ang bilis pa rin ng padala! I'm using it mostly on my phone and I'm still learning about Lightning.

I’d love to hear from other users:

Anyone here using Speed Wallet too?

What are your tips for maximizing sats with small balances?

Anong legit na Lightning apps ang puwedeng pagkakitaan habang maliit pa lang ang BTC?

Thanks in advance and more sats to all of you! ⚡

PS: Open to any suggestions on how to grow my sats from scratch 🙏

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11 sats \ 1 reply \ @DarthCoin 11 Jul

CRAP custodial and KYC. Tbhis is not a wallet but an account. Also is pushing the use of Tether, another scam!

Do Speed users need KYC verification? Speed has implemented KYC for its users in the United States to ensure compliance. At Speed, we deeply value our user community and are dedicated to ensuring that our services meet the highest standards of user experience and business continuity. Your information will be handled confidentially and according to data protection regulations.

Read more about LN wallets here: https://darth-coin.github.io/wallets/lightning-wallets-comparison-en.html

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0 sats \ 0 replies \ @Macoy31 OP 11 Jul outlawed

Thanks for the honest feedback, I really appreciate it 🙏

I’m still new to Bitcoin and currently using Speed Wallet for small amounts because it’s simple and mobile-friendly for beginners like me.

I totally understand the concerns about custodial wallets and KYC. I’m now looking into non-custodial options like Aqua, Phoenix, and even hardware wallets as I grow.

0 sats \ 4 replies \ @bitcoingecko 11 Jul

Speed wallet seems ok. Wallet of Satoshi is nice. Coinos has been my favorite. All of these are custodial wallets. Don't keep much Bitcoin on here. Just small amounts. If you want to keep your Bitcoin for savings, put it into a real non-custodial Bitcoin wallet. Aqua is good and I recommend it to many people. If you get a lot of Bitcoin, get a hardware wallet, like the blockstream Jade.

There are non-custodial lightning solutions that are better but are more complicated and cost a bit of money, but more secure.

Using this website is a great way to grow sats. Use fountain podcast player to sometimes gain a few sats each day. Also use nostr to get more sats from posting.

The best way is to have a fiat job and just buy Bitcoin though. At the moment.

Welcome! I hope to visit your country in the near future!

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0 sats \ 3 replies \ @Macoy31 OP 11 Jul outlawed

Thanks for the honest feedback, I really appreciate it 🙏

Also, thank you for recommending Fountain and Nostr — I’m already trying them out to earn sats while I learn.

I'm here to grow, not just stack sats but also knowledge.

And yes, you're very welcome to visit the Philippines! 🇵🇭⚡