What's the mobile wallet you would turn to when helping a newb get sats off an exchange? No hardware wallets. And we're talking about a NEWB, so we need good UI/UX and probably some way to interact with lightning and/or liquid!
#asknostr
Discussion
i guess aqua wallet
I first recommend CASH App. Because they already have it, it’s already connected to their bank and it has a familiar name that they trust.
Help them get their coins off an exchange by... moving it to another exchange?
I believe the idea was to help the newb move their coins off an exchange and into self-custody.
Oh I see. I misunderstood. Probably Muun then.
I get scared with Muun in high-fee environments. I guess it's no more expensive than a normal base chain hot wallet when fees are high tho right?
This is true. I was using Muun for stacking via Lightning. I don't recall ever having unusually large fees for inbound lightning transactions, and then I would send out of Muun to cold-storage.
If you're looking for a wallet that has on-chain, lightning, and liquid, check out Aqua Wallet. I haven't played with it much myself, but I have heard good things from others.
Any newb is going to need to learn how to use a hardware wallet at some point. Treat your Bitcoin like it's worth 10x it's current dollar-denominated price, as they say. When that time comes, a ColdCard paired with Sparrow on desktop and/or Nunchuk on mobile is a good way to go.
I absolutely hate that Aqua doesn't have a sats option tho (as of last time I checked). Blitz wallet is pretty close for a non-custodial LN/Liquid solution, just needs some more time in the oven.
The kind of person I'm talking about here is NEVER going to use a Coldcard, Jade, etc. They're not gonna use a desktop wallet. They NEED an excellent option for mobile that is very hard to fuck up. If I felt they could use a hardware wallet I would obviously recommend that but I really dont think that's the right approach for them (even a Bitkey may be too much).
Then their only option is the risk that comes with a hot wallet. That's fine for amounts they don't mind losing, but if they are planning to stack any amount that would hurt, and again, consider it to be worth 10x more than it is right now, then they are going to have to learn to use a hardware wallet, or they are going to learn the hard way by losing their sats.
If you didn't have the Lightning requirement, I'd happily shill Envoy. Super simple and leverages automatic encrypted backups.
For something that does both, its hard to beat Phoenix. Though I have been taking a look at BitKit recently, which has a slick UI.
Phoenix if it's available in your country.
The original Android wallet
I don't think there is anything wrong with bluewallet.
And it supports Seedsigner, when the newb wants to up their game.
I got all of this from a friend of mine, I barely know there is a thing called "bitcoin" that is supposed to save the world or something.