A quick LN wallets guide for newbies
I've made another graphical reference of LN wallets for all those new users coming into the Bitcoin space.
BEFORE starting to use Bitcoin over Lightning Network (LN), please think about the use case you have.
This graphical representation could help you choose the right ones for your use case.
In this image, we can see that Zeus is the only one that can be used with all three options and with multiple accounts / connections.
Do not blindly follow the influencers advice to "use X or use Y app". Most of them don't even know well how those apps works or not even know the existence of better ones. They just feed you with the apps they (usually) are paid to promote or they use for themselves.
Choose your wallets based on your own usage and situation you encounter using your BTC.
Some aspects to be taken in consideration:
- There's no such thing as "best wallet" for everything. Remove this bias from your mind. Choose with your own knowledge, not because x and y told you so.
- I would not "recommend" any wallet app in particular, but those that are open source and have a good reputation/history and respect the golden rule of Bitcoin: not your keys, not your bitcoin.
- Use those that are open source and can be downloaded directly from their Github repos. Here is a guide about using de-googled devices with Obtainium
- Stay away from "multicrapto" wallet apps. Are a fucking trap and usually are not open source! Bitcoin Only! Any app that contain anything else that is NOT Bitcoin is a crap wallet app. You have been warned!
- Use not just 1 or 2, but 3 or 5-6, each one will have its own moment to be used and take advantage of their best features for the case you need.
Learn more about each wallet app, to know them better and know in which case you could use the one that have the most appropriate features. I wrote several guides about BTC-LN wallets:
- ⚡ Lightning ⚡ Wallets Comparison Guide
- Getting Started Stacking Sats Noob Journey
- Private ⚡️ Lightning Network Nodes ⚡️
- Getting started with ⚡ Lightning Network ⚡
- More specific guides for LN wallets
- What mobile device should bitcoiners use?
Think like a bank, not just be a bank... - Read the FULL guide here
A. HODL = your "central bank" with most of your stash, your reserve bank, barely moving it, onchain
B. CACHE = your "commercial bank" with medium size amounts, for redistributing to HODL and SPEND, onchain and LN, nodes channels etc
C. SPEND = your spending pockets, with small amounts, enough to cover your regular spending, LN, with funding source from your "CACHE bank".