Anyone ever used muun wallet? Is it non custodian enough?
Discussion
Muun is self custodial, but it's not a Lightning wallet. It's a good way to let you use your on-chain funds on LN (through Muun's node), if you're OK with the fees associated with that.
If you want self-custody Lightning, Phoenix is the easiest solution. Breez is good too.
Can i use breez n phoenix without running my own node?
Phoenix and Breez are both lightweight but full Lightning nodes that run directly on your phone. So no, you need to run a node. But they come with it and manage all the channels and liquidity for you, so you don't need to run a *separate* node.
π and Blixt wallet are recommended noncustodial wallets
I haven't messed with Blixt yet, but IIUC they don't manage liquidity for you, is that right?
Zapped
So from what i understand
Non custodian : breez, phoenix, blitx
Not sure: muun
All of this can run without a node? (Or rather, a phone relay?)
You can enable Dunder LSP in settings for that. Haven't used it yet. #[9] is the dev and may be able to answer questions on it. π€
Actually i dont understand this.
It is self-custodial, but not a lightning wallet? How so?
Read their docs. Your Muun funds are stored on chain. When you do a Lightning payment, you actually send funds to Muun's Lightning node and they forward your Lightning payment to the recipient via a technique called a βsubmarine swapβ. And vice versa for funds sent to you over Lightning.
Ah, understood. Like a proxy.
But is it safe? Like in a doomsday can i retrieve my funds?
I feel phoenix is ok but im concerned with the way it handles the mnemonic.
From my understanding, it actually stores your Bitcoin on the main chain, not on any custodial lighting node.
You gotta save your recovery process pdf, because they use a different way for recovery that is different from seed words.
Zapped
I think muun is a non costodian, but..
it is a non custodial wallet, but you have to know that muun gives you the private keys encrypted, so it's virtually impossible to export those private keys to another wallet. You can sweep with their emergency tool kit, but still I would be careful with that wallet, the good thing is ultra simple to use, so it's great.
When i tried phoenix and breeze, isnt it the same problem as well?