Wallet of Satoshi is a mobile app for iOS and Android that lets you send and receive Lightning payments. The Wallet of Satoshi supports Lightning only.
It is a custodial wallet that does not require any configuration, convinces with its simplicity and focuses on ease of use.
The Wallet of Satoshi calls itself “The world’s simplest Lightning Wallet”.
This can be confirmed all around.
Everything you need is included. No confusing bells and whistles. It’s so easy and intuitive to use that even “your mum could use it”.
The perfect Lightning Wallet to get you started in the world of Lightning Payments.
After starting the Wallet of Satoshi, you will not be annoyed with a registration process. You don’t have to write down a passphrase or anything like that. Simply install and get started right away.
YouTube Video: How does the Wallet of Satoshi work?
About the post, “How does the Wallet of Satoshi work?“, there is an explainer video on Coincharge’s YouTube channel in German.
How does the Wallet of Satoshi work?
All relevant information is already clearly displayed on the start screen.
You can immediately see your balance in Satoshi (1) and the corresponding equivalent in fiat currency (2).
Below that, the last transaction (3) and with a swipe, you can view all other transactions (4).
Since a wallet is primarily used for payment, this button is also positioned dominantly (5).
For receiving payments, the Receive button (6) is available and behind the three dots with the red exclamation mark (7) you will find the individual setting options.
Pay with Lightning
To make a payment, we click on “Scan to Pay” (5) and immediately the camera is activated to scan the QR code. Since almost all payments are made by QR code, this is a sensible arrangement. For payments without QR code and importing the invoice, you will find it in the settings (7).
To get some Satoshi on his wallet, we use the “Receive” function (6).
The following screen appears.
Wallet of Satoshi Lightning received
This display is enough to have someone send Lighting to you.
If you still want to specify the amount, click on “Add Custom Amount”.
Then you get to the following page to set the amount.
If you want to forward the Lightning invoice, copy the payment request to the clipboard.
To do this, simply tap on the QR code and then you can share the content on the clipboard via email or WhatApp.
But what do I do if someone wants to send me Bitcoin, but I want to receive Lightning?
This is no problem at all with the Wallet of Satoshi. Unlike BlueWallet, there are no two sub-wallets here.
You click on the Bitcoin icon, which is displayed to the right of the Lightning bolt.
Then the QR code opens for receiving Bitcoin, instead of Lightning.
You can tell what type of address it is by the symbol inside the QR code.
It is once again pointed out that you should not have more funds on your Wallet than cash in your wallet.
It doesn’t matter if you send Bitcoin or Lightning, Lightning will arrive.
Wallet of Satoshi Lightning Address
You also get your own Lightning address from Wallet of Satoshi. This Lightning address is similar to an email address.
A randomly generated label per wallet is created before the @ sign. This name cannot be set by yourself, but is created for you by the app.
In our case the Lightning Address is firstname.lastname@example.org
You can share this Lightning address if someone wants to send you some Satoshi to your Lightning wallet.
You can also make Lightning payments to other Lightning addresses.
You switch the Wallet of Satoshi to the Send function. There, the camera is automatically activated to send a QR code.
But in the upper area you can also find an @ sign. There we click on it to be able to make a Lightning payment to another Lightning address.
Then this input mask appears. Here you enter the Lightning address to which the payment should be made.
After you click on Next, you can then set the amount.
The advantage of the Lightning address is that you can pass it on more easily. You can publish them on the website or in a catalog.
If you want to learn more about Lightning addresses, read the article: Lightning address
More setting options
In the settings section, the wallet can be customized to his personal preferences.
The first item is “Paste Address”. Here is the possibility to make a Lightning payments if no QR code can be used. At this point the Lightning invoice can be pasted from the clipboard.
In the second position, the fiat currency can be selected, which displays the Satoshi equivalent on the home screen.
After that, you can specify whether you want the Lightning balance to be displayed on the screen in Satoshi or in Bitcoin.
In order to find the merchants where you can pay with Lightning, you will find the items “Find Merchant” and “Online Retailers”.
Create Back Up
The most important point is the request to create a back up. Since this was omitted during the initial setup, you can make up for it at this point.
This is for your own safety in case you lose your phone or delete the app.
Enter your email address and click on “Login”.
After clicking login, you will receive an email with two words.
Enter these two words in the app and click Login.
Thus, the email address has been verified and if the phone is lost, the credit can be restored.
These words are only needed to verify the email address. You don’t have to write down the words to set up a backup with them later. Then the email address is sufficient.
Conclusion about Wallet of Satoshi
It is particularly pleasing that all functions are immediately available and that you can test and try them out at your leisure first.
If you are convinced about the wallet and use it regularly and have some funds stored on it, then you can create a backup.
The Wallet of Satoshi supports Lightning only. Accordingly, another wallet must be used for Bitcoin.
The Wallet of Satoshi is the perfect wallet to get started in the Lightning world.
Here you can find more Lightning Wallets