Get your sats out of BlueWallet’s custodial Lightning wallet before you get rugged:
Discussion
On my to-do list. Yours? #[1]
"This may sound like bad news, but this essentially means BlueWallet going forward will only support self-custody solutions. This is good for bitcoin and BlueWallet users.
List of alternatives
Self-hosted LndHub (go implementation, nodejs implementation) on Umbrel and others, on hardware you own.
Self-hosted LNbits
Phoenix Wallet (iOS, Android)
Breez Wallet (iOS, Android)" #[1]
So much for WoS or the State being the rug puller 😂
WoS will rug, don’t worry
I use WOS, why do you say it will rug?
The fact that it’s even possible for them to rug you should give you concern.
Why even risk it?
Oh ok. Why is it possible for them to rug? And which other wallet do you recommend I use?
It’s a custodial wallet. They own the private keys to the wallets you are using. Meaning they have the ability to spend those funds.
You would need to use a non-custodial wallet that keeps your private keys on device. There are several good ones, but none of them support Lightning addresses for receiving “zaps”. I recommend Phoenix wallet to those unfamiliar with non-custodial Lightning wallets.
If you want to receive zaps non-custodially, you’ll need to run your own LN node and setup LNURL (not very straightforward at the moment, but I did write up a guide for how to set this up on a Raspiblitz if you already have an LND node running on it):
👍🏻
Any custodial wallet can go offline anytime and you will have no recourse. Always keep a minimal balance on them and withdraw to your own on-chain wallet or Lightning node.
So before I started using Phoenix, I was using blue wallet. I tried getting all my data off blue wallet but it would let me zero it out with an invoice because of fees.
How do I zero out a lightning wallet?
Consider using Blixt wallet as your LN wallet replacement. Non-custodiall, non "vendor lock in" for channels (aka routing fees) like Breez and Phoenix, no channel setup fees other than the actual on chain fees and as easy as Phoenix and Breez. Android and iOS compatible.
Heard good things about Blixt. Currently running my own node via Zeus and Phoenix wallet as a secondary wallet.
Are there any downsides to Blixt when compared to Phoenix?