Hi as stacker.news transitions non custodial on Nov 5th, I'd like to share another option for attaching a wallet using ecash.
First @supratic has already done an excellent job attaching various wallets to stacker.news and creating guides. You should have a look here.
In this post, I want to walk you through my setup of attaching Minibits Wallet using ecash.
To start, some simple definitions to keep in mind re: what ecash is, and what it is not:1
Ecash is NOT Bitcoin
Ecash is NOT a replacement for self-custodial Bitcoin
Ecash is NOT a blockchain
Ecash does NOT live on a ledger
Ecash is NOT a new technology (it predates the worldwide web)
Ecash IS incredibly private
Ecash IS peer-to-peer
Ecash IS a bearer instrument
Ecash CAN be used offline (either sender or receiver)
Ecash CAN be minted by either a single party or by a federation
Ecash IS a great complementary technology to Bitcoin
Please note that this setup with Minibits is a custodial solution, which means you're trusting the Mint to manage your funds. Be aware of the risks associated with this approach.
1️⃣ Setup Wallet
When installing Minibits, you'll see introductory screens that you can either read or skip. Once you've completed these steps, you'll be prompted to choose between:
Got it, take me to the walletorRecover lost wallet
Select
Got it, take me to the wallet to proceed.Backup
Before proceeding, it's essential to back up your wallet. To do this, go to
Settings > Backup and export your Wallet backup. Save this file securely and make a note of Your seed phrase.2️⃣ Create Minibits wallet address
Next navigate to
Contacts and customize your dedicated Minibits wallet address by tapping Change > Change wallet address. Enter your preferred address.Next you will be asked for a small
Donatation You should definitly consider that if you want to support the project.3️⃣ Create a NWC connection
To create a NWC connection, follow these steps:
- Go to
Settings>Nostr Wallet Connect>Add connection - Name your connection something descriptive, like
SEND STACKER NEWS @usernameto identify the application and associated user account - Set a
maximal daily limitto spend - Tap
Saveto complete the setup
4️⃣ Attach Minibits address to stacker.news
Attach lightning address to receive
Now that you have your Minibits wallet set up, it's time to attach it to stacker.news.
Follow these steps:
- Copy your Minibits address.
- Go to
stacker.news>Wallet>Attach wallet>Configure lightning address - Paste your
lightning address - Set your
desired balanceto0 - Set your
max fee total - Tap on
Saveto complete
Attach NWC connection to send
To enable sending with your Minibits wallet, follow these steps:
- In Minibits go to
Settings>Nostr Wallet Connect>Select your created connection>Copy - Switch to
stacker.news>wallet>attach wallets>NWC attach - Paste the connection string into the
connections for sending field - Confirm that your desired balance and maximum fee rate are set correctly.
- tap
attachto complete the setup.
That's it! Congratulations, partner! You've successfully linked an external wallet and can now ride off into the sunset without relying on Cowboy credits. Yeehaw!
5️⃣ Drawbacks
While I've been using the Minibits Wallet for a few weeks, I've encountered some issues. Occasionally, payment sending fails, which might be due to activity issues, as mentioned by @Darthcoin?
Additionally, the NWC connection sometimes detaches the wallet, but I assume that is related to re-entering credentials requirement when using different devices and is already highlighted in the Disclaimer.
Other than that I'm a happy Cowboy using ecash for my stacker.news adventures.
Footnotes
-
HRF - Notes from Berlin: The world's first ecash summit ↩