Best Lightning wallet for beginners in Mexico? \ stacker news ~bitcoin

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Best Lightning wallet for beginners in Mexico?

4332 sats \ 32 comments \ @vojta 23 Dec 2022 bitcoin

Hey stackers, I’m in Mexico, at a resort:

everything is paid through credit cards
automated tips included that none of the workers ever see
extra charge for converting and charging US dollars (about 12%)
of course taxes
ATM doesn’t take my visa debit card, so can’t take out cash

I would love to pay the people, not the system. Sounds like an ideal opportunity to teach some folks Lightning. Which wallet should I recommend?

Easy setup and immediately accepting small amounts matter the most, so I’m thinking Wallet of Satoshi and they can later move it to a hw wallet once they understand more. Any better options?

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737 sats \ 2 replies \ @DarthCoin 23 Dec 2022

https://darthcoin.substack.com/p/lightning-wallets-comparison https://darthcoin.substack.com/p/getting-started-ln

301 sats \ 1 reply \ @cryotosensei 24 Dec 2022

Enjoyed your detailed n thorough review! Great read

501 sats \ 0 replies \ @Eximpius 24 Dec 2022

Yeah, Darth knows his shit

1317 sats \ 4 replies \ @Bitcoiner1 23 Dec 2022

Blue wallet is a good option. But if you want to learn more about it, just read the blog from @Darthcoin

500 sats \ 3 replies \ @iguano 24 Dec 2022

Blue wallet is a custodial wallet if you don't use your own node.

300 sats \ 2 replies \ @Bitcoiner1 24 Dec 2022

Yes, I know. But you can not expect a beginner to have a node....

Bitcoin has to be more user-friendly, off course, knowing the risks involved.

310 sats \ 0 replies \ @snakedye 24 Dec 2022

You don't need to run a traditional full node to have self custody (Pheonix or Breez)

1493 sats \ 0 replies \ @iguano 24 Dec 2022

yes, that's why we need to see blue wallet as a custodial wallet for most of us.

just use phoenix and breez, or maybe more complex solutions like blixt or OBW.

muun is better option to any custodial wallet, and is as easy as you can find.

871 sats \ 5 replies \ @fred 24 Dec 2022

Use a non custodial wallet like Blue wallet, Munn

414 sats \ 0 replies \ @iguano 24 Dec 2022

blue wallet is a custodial wallet when you use lightning without your node.

600 sats \ 3 replies \ @snakedye 24 Dec 2022

Muun is custodial for lightning.

605 sats \ 0 replies \ @snakedye 24 Dec 2022

Sorry, I'm wrong. It's non custodial but all payments are on-chain

800 sats \ 0 replies \ @02425e252d 24 Dec 2022

No it's not

1746 sats \ 0 replies \ @iguano 24 Dec 2022

muun is non custodial, but they make a submarine swap to on chain for lightning transactions.

765 sats \ 0 replies \ @02425e252d 24 Dec 2022

Just use Muun. It's so easy.

600 sats \ 0 replies \ @gandlaf21 24 Dec 2022

I think we have 3 tiers:

Tier 1: Custodial

Example: Wallet of Satoshi For who: doesn't really care about self sovereignty, wants an easy solution, wants convenience. Introduce first time users, who don't show any interest in trying to learn more. keep an open door in case they wanna learn later, you can upgrade to tier 2. For what: pocket change, daily spending

Tier 2: Semi non custodial

Example: phoenix For who: someone who is interested in self sovereignty and wants to learn more about it. Someone who wants to learn how btc-ln works, at least superficially. Someone who is willing to give up some convenience for a bit more control. For what: Daily spending

Tier 3: Fully non custodial

Example: Bitcoin core+LND+Zeus For who: someone who wants to go down the rabit hole For what: for being reckless

400 sats \ 0 replies \ @snakedye 24 Dec 2022

Pheonix or Breez

400 sats \ 0 replies \ @iguano 24 Dec 2022

check phoenix, breez and muun. all non custodial, you don't know when you are going to be rug pulled on the custodial wallets. just try to ignore them.

400 sats \ 2 replies \ @Louferlou 24 Dec 2022

I would say BitcoinBeach Wallet. Trust them more than WoS who are regulated in Australia (maybe I'm wrong here) super easy, low fees, stable sats option for beginners who fears volatility etc....

400 sats \ 1 reply \ @iguano 24 Dec 2022

BBW its from a french company, not very different than WoS on regulations, both are cool but its always better to get use to non custodial wallet right away as they are supper easy to use too.

0 sats \ 0 replies \ @Louferlou 24 Dec 2022

Don't think Galoy is french even if Burtey its CEO is. I believe they are an American commany (according to what I just search) but you are right, not very different with regard to regulation. Of course non custodial is better but to onboard people I think it's imperative to have something which work well, fast and cheap...And honnestly Phonix is great but takes to long to setup for newcomers IMO

400 sats \ 0 replies \ @blockguard 24 Dec 2022

Breez. Not sure if it's better but I have used it a quite long time without any problems. Also very easy for the beginners.

300 sats \ 0 replies \ @ama 24 Dec 2022

Take a look at the result of this pool, too. Not many people replied, but nobody votes for Muun.

30 sats \ 0 replies \ @Hermit 24 Dec 2022

I think you should also start a new threat asking, what about Muun

Why we don't do an exercise? Download Blue Wallet, Wallet of Satoshi and Muun. Send me here 3 invoices for 2000 sats. I will pay them, and you let us know which wallet provide you the best experience.

20 sats \ 2 replies \ @ama 23 Dec 2022

Electrum, Phoenix, Wallet of Satoshi only for small amounts, maybe for learning, and then go for a non custodial one.

Not Muun, ever.

50 sats \ 1 reply \ @nullama 24 Dec 2022

Electrum and Phoenix are non-custodial though.

20 sats \ 0 replies \ @ama 24 Dec 2022

Yes, they are. That's one of the reasons why I highly recommend them, and also to go to them shortly after practicing with WoS with smaller amounts.

500 sats \ 4 replies \ @cryptocoin 23 Dec 2022

If this helps, Mexicans can use an exchange to cash out into fiat.

For example with Coinbase, cash out using a bank account, or with cash pickup -- e.g., at Oxxo, and I think even Walmart.

Coinbase introduces Cash Out at 37,000 physical locations in Mexico, including Oxxo #11511 https://blog.coinbase.com/theres-now-a-cheaper-easier-way-for-your-friends-and-family-in-mexico-to-cash-out-the-crypto-you-2fb095df8324

Other exchanges exist (e.g., Bit2Me), but I don't know the space or which ones are good or not.

You can use Remitly to send yourself a remittance in Mexico -- pick up at 7-eleven, Oxxo, etc. Remitly works for sending from the U.S., and 27 other countries. KYC required.

https://www.remitly.com/us/en/share-us-mex

735 sats \ 1 reply \ @DarthCoin 23 Dec 2022

WHY do you teach them to go back to fiat shitcoin?!!! IT'S A SIN! OMG and you are "recommending" to use Conbase, the mother of all enemies of Bitcoin! For fuck sake, why do you do this shit? He asked about using LN wallet and you push him into shitcoinery fiat? WTF? Teach how to use BTC not fiat.

547 sats \ 0 replies \ @cryptocoin 23 Dec 2022

/me Walks into closet where the S9 is humming away. Closes door behind me. Stands before the shelf holding the S9, looks at the LED light and whispers:

"Forgive me Satoshi, for I have sinned. This is my first confession. In the past hour I have suggested that in order to help a bitcoiner to persuade a stranger to accept bitcoin that the bitcoiner could mention to that stranger how they could -- if they wanted to, cash out into local fiat. For my penance, I will re-read the white paper three times, and will orange-pill two strangers in hopes that action might help towards making up for my transgression."

"As far as suggesting Conbase, ... I acknowledge that was a mortal sin and I pray that I will not be damned to a life on fiat for the rest of all time."

782 sats \ 0 replies \ @petertodd 24 Dec 2022

FWIW Mexico City at least has a few Bitcoin ATMs. Likely to be others around the country too.

700 sats \ 0 replies \ @cryptocoin 23 Dec 2022

So knowing that they can get pesos using their bitcoin might hellp in persuading them to accept your bitcoin.

Otherwise, the method to get yourself some pesos for spending using "remittance to yourself" could be an alternative for you.

Looks like Remitly is who Coinbase is using for "last-mile" delivery into Mexico. So you can probably do that "remittance to yourself with cash pickup" if you have a Coinbase account too. I think, but I'm not sure.