Which Bitcoin mobile wallet to recommend to a newbie to get his/her first sats?
Sweet spot between usability/self-sovereignty.
Must have Lightning for spending
And for short-term store of value
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Which Bitcoin mobile wallet to recommend to a newbie to get his/her first sats?
Sweet spot between usability/self-sovereignty.
Must have Lightning for spending
And for short-term store of value
Phoenix for Lightning, Noah for Ark. Neither have great privacy though.
Phoenix doesn't have good privacy? From the ACINQ team, fine yes not very good; from the rest of the world? Of course
I use Coinos, it's a delegated custody solution. So, for small amounts it works great for lightning and onchain payments.
If you want to spend some SATs and have a self custody wallet, I'll recommend Phoenix.
Thanks for the tip. I used Coinos last time when it was still fully custodial. Need to give it a new try.
Phoenix is my personal daily driver, but for pre-coiners the challenge remains to convince them to understand that you have to pay to open Lightning channels.
coinos had so many issues with it. I applaude adam for all his work but not sure I'll ever go back to using it again
Pheonix wallet
If you want to do something small, then I guess you could do a custodial wallet like Yakkihonne's (the nostr app) built in lightning wallet
terrible choice for small amounts/getting started since you gotta open a channel and pay up immediately.
Yeah ideally a couple hundred thousand sats to start with
Yeah Phoenix is great.
With Yakihonne you have to set up a Nostr nsec too, right? Maybe too much friction if the user doesn’t want social media, but just to use bitcoin.
I've been using Lexe and it has been a pretty great experience so far.
Phoenix is also pretty easy to use.
For small amounts I also like some of the ecash wallets. Minibits works well as does the main cashu wallet (cashu.me?)
Blue wallet seems very solid still
I like Phoenix and Blue Wallet
Depends on what you man by usable and what you mean by self-sovereign. For what those mean to me: Phoenix. It's what I recommend to someone interested enough in bitcoin that they'll put up with its frustrations.
If you mean onchain, others will be more help there.
Phoenix is a good option, thanks. Flips greatly between onchain and Lightning. The user needs to be interested in Bitcoin enough to grasp the channel opening fee.
Zeus some day!
On iOS, Muun for low-stakes amounts and LN spending, BlueWallet for everything else.
Didn’t know Muun was still used widely. Is the balance still onchain by default and they swap for Lightning?
BlueWallet probably a good option.
Yes. Not a real Lightning wallet. The wallet backup is also non-standard.
Guilty as charged. Works great in the current on-chain fee regime. Rightfully got flak when feerates were higher. Zero thoughts in my head about channel management.
I am using Speed Wallet which is the best for me.. Wallet of Satoshi and Blitz Wallet are also trustable and easy to use..
I believe the easiest options are Coinos and WoS.
However, since security is more important than ease of use, I'd say Phoenix is the best option, starting with self-custody.
Yeah I think taking the self-custody pill right away is a good practice.
Custodial solutions come and go, but if you have stored those 12 words, you’re (often!) good to go.
Even still, seed phrases are not the gold standard UX.
Maybe for normies it would be cool if they could use their phone’s trusted execution environment (fingerprint, face ID) as the private key. I think Breez had something along these lines if I’m not mistaken.
Phoenix, just phoenix wallet
electrum.org
I also like their Android wallet although it's definitely not newbie-friendly
I think it partly depends on the region you are based in. Some are better in Europe or Asia but don’t operate in the US.
You’re right. I was thinking if there was a good universal option to recommend.
Part of the issue is rules are different everywhere so it’s difficult to get something that is acceptable worldwide. Would be really interested if someone has a universal option they could suggest though.
Yeah often for local future circular economies something locally-tuned is better.
Something that also could be easily integrated to fiat/mobile money/CBDC slave voucher systems.
Everyone's naming wallets but for an actual newbie the answer's simpler: small amounts, one app, don't overthink it. Phoenix if they'll hold more than pocket change, an ecash wallet like Minibits if it's just beer money. The sovereignty test isn't the app, it's whether they'd notice if it vanished tomorrow