Lightning Network is really exploding. There is truly a wallet for everyone.
I unfortunately have a hard time to decide which one to pick. Here is my TLDR:
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nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5
Pros:
- On chain Wallet
- Lightning Wallet
- Can choose UTXO for On-chain wallet
- Can open channels easily
- free customized Lightning Adress
- Nostr Contact integration (soon)
- Very active on Nostr
- Low fees to send big amount of Sats via Lightning
- Channels can be backup with seed phrase or you can do an emergency backup manually
Cons:
- no integrated option to loop out (LN to On-chain)
- High fees to open a new channel (10K sats)
-high fees for first channel (50k sats)
-high fees to send under 200 sats (50%)
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nostr:npub1mutnyacc9uc4t5mmxvpprwsauj5p2qxq95v4a9j0jxl8wnkfvuyque23vg
Pros:
- on Chain Wallet
- Lightning Wallet
-No App (web only)
- Nostr Wallet Connect
- Import Nostr contact
- Very active on Nostr
Cons:
-high fees for first channel (50k sats)
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Phoenix Wallet
Pros:
-On Chain and Lightning wallet combined
- Low fees for opening new channel (1k)
- Non-custodial (seed phrase)
Cons:
-No UTXO choice for on-chain
-Not involved with Nostr
-No flexibility to decide with who you want to open a channel
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nostr:npub1getal6ykt05fsz5nqu4uld09nfj3y3qxmv8crys4aeut53unfvlqr80nfm
Pros:
- On chain Wallet
- Lightning Wallet
- Can open channels easily
- free customized Lightning Adress
- Very active on Nostr
- Low fees overall
- Can now back up with master key (haven’t tried it yet)
Cons:
- no integrated option to loop out (LN to On-chain)
- no dedicated app
- The browser extension and web wallet seems to be competing and somewhat duplicating (confusing)
———-
I believe that these wallet complements each other, I am using nostr:npub1getal6ykt05fsz5nqu4uld09nfj3y3qxmv8crys4aeut53unfvlqr80nfm mainly right now (truth is, I don’t have an extra 100k to be able to try nostr:npub1mutnyacc9uc4t5mmxvpprwsauj5p2qxq95v4a9j0jxl8wnkfvuyque23vg & nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 )
It is an exciting time to come and see these entities hustle!
LFG #Nostr!
