Phoenix Wallet: Discover the One of the Leading LN Wallets! \ stacker news ~lightning

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Phoenix Wallet: Discover the One of the Leading LN Wallets!blog.areabitcoin.co/phoenix-wallet/

222 sats \ 6 comments \ @0xbitcoiner 11 Oct lightning

The Phoenix Wallet is one of the leading Lightning wallets today. In this article, we’ll explore its features and how it works. Let's dive in!

Keeping your satoshis secure is essential, and there are several wallets available, each serving different user needs. One of them is the Phoenix Wallet.

Phoenix is a non-custodial, mobile Lightning wallet offering tools for both beginners and advanced users. It’s also one of the most popular options for Lightning payments. While it recently withdrew from U.S. app stores, it continues to operate normally in Australia, the UK, and other countries.

In this article, we’ll explain how the Phoenix Wallet works and how to use it.

Let’s get started!

Table of Contents

The Lightning Network and Channel Management

What company is behind the Phoenix Wallet?

How is backup handled in Phoenix?

Phoenix 2.0

How to use the Phoenix Wallet?

What if my wallet disappears?

Controversy with the U.S. Exit

Conclusion

...read more at blog.areabitcoin

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65 sats \ 1 reply \ @DarthCoin 11 Oct

Nice guide. Only thing that is misleading by saying

Amid increasing regulatory scrutiny, Phoenix decided to pull its app from U.S. platforms. They advised users to close their channels and withdraw funds by May 3, 2024, when the service was discontinued in the U.S.

Correction: it is doscontinued ONLY in the standard play store apps (Apple and Google). You can still use the app as usual, dy downloading it from their Github and NOT using the apps stores to install it. It is very easy to use it with Obtainium or zap.store.

0 sats \ 0 replies \ @Signal312 11 Oct

I wasn't able to continue using Phoenix in the US, not without a VPN. My channel was force closed, even after spending a good chunk of money for inbound liquidity.