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For a lightweight mobile wallet that is suitable for Bitcoin local communities and the advancement of Bitcoin as a medium of exchange, check out Valet Bitcoin.

Supports:

  • Self-custodial on-chain usage
  • Self-custodial Lightning usage
  • Custodial Hosted Lightning channels:

Enables plug-and-play onboarding on Lightning, (No liquidity commitment) with self-custodial Lightning-grade privacy
Cryptographically enforced fraud-proof and auditability through a cross-signed state encoding.

  • Custodial Fiat Lightning channels (with self-custodial Lightning grade privacy) :

Enables spending Sats without being bothered about Bitcoin's Fiat volatility. Especially useful for users who earn in Bitcoin but have a fixed monthly living cost. As soon as you receive your Bitcoin pay, you can move your fixed living costs to fiat channels as a stable-Fiat value and spend from there while you keep your main wealth in the on-chain self-custody wallet.

It is also very useful for merchants that want to receive Bitcoin payments but do not want thier Capital to be affected by Bitcoin's Volatility. Set up a Fiat Lightning channel and receive Sat payments, which get locked in as stable Fiat values. At the end of each business day, you can move your profits to self-custodial Lightning while your capital remains on Fiat channels for running your business.

For plug-and-play onboarding on Lightning, (No liquidity commitment) with self-custodial Lightning-grade privacy. Cryptographically enforced fraud-proof and auditability, achieved through a cross-signed state encoding.

  • Back-up options :

Includes "BIP39 seed phrase only" for normal on-chain recovery, and "BIP39 + Local backup file" for full recovery, i.e., recover all your Lightning setups + on-chain balance.) The local backup file is saved on your device for use.

  • Hardware wallet support (watch only)
  • Coin Control
  • Less than 30 mb file size (very lightweight)
  • Android only (supports old versions as old as Android V.8)
  • Fully open-sourced

Official website: https://valet.finance/

Install here: https://github.com/standardsats/valet/releases (Also available on F-Droid and Zapstore)

Detailed Setup Guide (Plan B Academy): https://planb.academy/en/tutorials/wallet/mobile/valet-447d94ab-143e-4598-8451-3229aee3a443

Want to learn more about the Fiat channel and how it advances Bitcoin's use as everyday money by bridging the fiat economy and the Bitcoin Standard through the creation of Bitcoin derivatives on the Lightning Network?

Join the conversation and contribute on Telegram: https://t.me/StandardSatsCommunity
Fiat Channel concept: https://standardsats.github.io/
Checkout our open-sourced Repo: https://github.com/standardsats/fiat-channels-rfc