Nostr Web Client

I created my original self-custody wallet back in 2017. I have my words, and I've been using it to store some of what I have. I've been trusting Coinbase with the bulk of it, because it's easy. Getting everything into self-custody is a goal, but even given the news of this past week I still don't think it's an emergency. I might be wrong, and I'll take the losses if I am wrong. I don't want to fight with anyone, I want to learn.

Is there a wallet out there where I can enter these words, get access to the wallet, and send/receive via lightning without any additional steps or stress? And I mean 'plug in words'+'send' with almost nothing in between. If it gets into multiple apps, steps, equipment I have to buy, or whatever, then it's not worth the fight and I'll just wait longer. Because that combination is what I want.

Anything fit the bill?

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Discussion

zyrotin 1y ago

Starting this off witb As Far As I Know-

Really good wallet to put your 12 word into is Sparrow Desktop (only desktop, any wallet called sparrow in an appstore is a scam).

Direct lightning to onchain isn't usually a thing. You'd need to do a submarine swap with something like https://boltz.exchange/ which is pretty simple. gives you an address to send sats to via lighting, ask for an address for your onchain wallet.

I would keep an eye on memepool.space to do it while fees are low. They've been a bit crazy lately.

Please anybody who has something better chime in #asknostr

karo 1y ago

I was on the "my coins are on Coinbase cuz it's easy" train for a long time and I'm really glad I got off. I have way more peace of mind now.

I don't know of any way to do what you're describing. If I did, I would have done it that way but afaik, there isn't. I had to send my BTC from Coinbase to my own wallet using their website. And it is a pain because Coinbase will have you verify a bunch of identity stuff first.

So yeah, do it today. rip that bandaid off.

Chad Lupkes 1y ago

Since Coinbase has declared their intention to integrate the Lightning Network with their exchange wallets, waiting until that process is ready to use would save me a lot of transaction fees. Eventually I want to have my own node up and operational, but that's a long learning curve. I can wait a bit. I'd rather not pay the high fees if I can help it.

What type of wallet or device did you transfer into? I'm avoiding the USB devices for now, seems a high cost for unnecessary security measures that my wife and son would not want to bother with. (They're just not interested right now with price < $1M)

karo 1y ago

I haven't kept up with Coinbase news at all since I got my coins off. Them integrating lightning might make it easier though. can't speak much to it.

I use a Cold Card and Electrum on my desktop. it's easy to use once you get the hang of it. I don't do anything complicated and I don't use it very often.

hope that helps 👍