Choosing the right wallet can be a difficult task, How do you know which one is the right choice for you? Today we are going to go over some of the leading wallets and which might be the right choice for you.
We are going to start out talking about the simplest wallets to get started with, then we will move down to the more advanced ones.
#1 Wallet Of Satoshi
In our opinion Wallet Of Satoshi (Wos) is the simplest lighting wallet for beginners and pros alike do to it’s simplicity.
Some Benefits to Wallet Of Satoshi:
#1 Easily download and sign up with a phone number or e-mail address.
#2 Connect to Nostr by just copying and pasting into your Nostr profile.
#3 Supports send or receiving Zaps in Nostr.
Some Drawbacks to Wallet Of Satoshi:
#1 Worries about KYC, because your funds are hosted on Wos’s servers instead of your own wallet, the possibility of losing your funds is there.
#2 Wallet of Satoshi is currently not available in the USA, China, and North Korea.
Conclusion: Wallet of Satoshi is generally a very reputable and trusted company and is good for receiving zaps on Nostr, or transactions between friends.
Alby, or “Getalby” is another easy to use and popular lightning wallet. Unlike Wos, Alby has no official app and instead users use their website Getalby.com to manage their funds.
Some Benefits to Alby:
#1 Easy to use website
#2 Ability to connect to Clients like Damus, Amethyst, and Primal and Zap people with a single tap.
#3 Works with Nostr for receiving Zaps.
Some Drawbacks to Alby:
#1 Currently only invite only.
#2 Like Wos, your funds are hosted on Alby servers so the chance of losing them or getting locked out is there.
Conclusion Alby is generally considered a great option for sending and receiving zaps and has a high trust rate.
Self Custody Wallets
Now let’s talk about self custody wallets, a self custody wallet is just what it sounds like, a wallet where you control the keys and are the only person capable of accessing your funds. Self Custody wallets are generally considered safer than KYC wallets because you control them. However some people may find wallets like Wos Or Alby safer if you are new to lightning due to their secure servers and management team. Now let’s learn about some Self Custody Wallets. Please note that the order of the wallets below doesn’t necessarily dictate to quality of each wallet.
Muun
Muun wallet is a great Self custody wallet. Unlike the previous wallets listed below, Muun wallet also supports on-chain bitcoin as well as lightning. Muun wallet also contains a fee estimator to help you pay less fees.
Phoenix
Phoenix is another great Self Custody wallet solution specialized for lightning payments and rocking a sleek minimalist design.
Zeus
Zeus Wallet is possibly to most popular and feature rich Self Custody wallet solution out there. Zeus wallet allows you to connect your own personal node channels to send and receive with as well as connect third parties like Alby to send and receive on mobile. Zeus is also open source making it a great choice for more experienced individuals.
Conclusion:
There are many wallets available, all with different features and uses. Remember that all wallets featured in this are only examples and it’s important to use one that feels right for you. Happy Zapping!