This post is also available in: German
Lightning as a payment option is becoming more and more important and more users are looking for a suitable Lightning Wallet.
In the following post, we’ll briefly introduce the most important Lightning Wallet. After the short description you will find a link to the detailed description. The detailed description introduces the special features of the respective Lightning Wallet. Learn how to use the respective Lightning Wallet for Lightning payments.
External custody (custodial) vs. self-custody (non-custodial)
A key distinguishing feature of Lightning Wallets are Custodial and Non-Custodial Wallets.
In Custodial Wallets, the wallet, and thus the balance, is managed in trust by the wallet provider. The private key and thus the access to the credit has the provider of the wallet.
With a non-custodial wallet or rather self-custodial you manage the private key yourself and independently. As an owner, you only have access to the balance on the wallet.
The advantage of a Custodial Wallet is the easier and more convenient use. In a non-custodial wallet, the user must go through a longer registration process and keep the private key securely on his site.
Both variants have a permission. Since Lightning uses mainly smaller amounts (micropayments), a Custodial Wallet can be used without hesitation.
If you want to accept Lightning payments as a merchant, you must operate your own Lightning Node when using a Non-Custodial Wallet.
The most important Lightning Wallet at a glance:
|Bitcoin Lightning Wallet||Android||Non-Custodial||no own node required||X||X||X|
|BlueWallet||iOS, Android||Custodial and Non-Custodial||can be used with and without your own node||X|
|Wallet of Satoshi||iOS, Android||Custodial||no own node required||X|
|@lntxbot||Telegram||Custodial||no own node required||X||X|
|ZAP Wallet||iOS, Android, Web||Non-Custodial||can be used with and without your own node||X|
|Breez Wallet||iOS, Android||Non-Custodial||no own node required|
|Tippin.me||iOS, Android, Web||Custodial||no own node required|
Phoenix Lightning Wallet
The Phoenix Wallet was developed by ACINQ. It is a non-custodial wallet that runs on Android smartphones. An iOS solution is expected to be available in the course of 2020. The special thing about the Phoenix Wallet is the simplicity of user guidance. Although it is a non-custodial wallet, the user does not have to worry about anything. The Phoenix Wallet takes over the channel management, provides sufficient liquidity and can be used for Bitcoin and Lightning payments. The user does not have to worry about whether the recipient is now displaying a QR code for Bitcoin or Lightning payments.
The Phoenix Lightning Wallet is an absolute recommendation
The BlueWallet has been one of the first Lightning wallets on the market. With the BlueWallet you can manage Bitcoin and Lightning. The BlueWallet is a non-custodial wallet and is available for iOS as well as for Android.
Learn more about BlueWallet
Breez is a Lightning Wallet for iOS and also Android. With the Breez Wallet, Bitcoin and Lightning can be managed. The Breez Wallet has a POS function. Thus, merchants can use the Beez Wallet to accept payments directly in the store.
Learn more about Breez Wallet
Wallet of Satoshi
Satoshi’s wallet is a perfect example of a self-explanatory wallet. You call yourself the simplest Lightning Wallet in the world. The Wallet of Satoshi only supports Lightning and is available for iOS and Android.
Learn more about Wallet of Satoshi
The Zap Wallet was developed by Jack Mallers in October 2017. The ZAP Wallet is available as a mobile wallet and for Windows, Mac and Linux computers. The ZAP Wallet connects you to your own node. The ZAP Wallet also supports Strike. Strike can link your own bank account or debit card to pay with Bitcoin through the balance in his bank account with merchants if the merchants only accepts Bitcoin.
More information about the ZAP Wallet
Learn more about Lightning Wallets at Coinpages Lightning Wallet
This post is also available in: German