Step-by-Step Guide to Creating a Custodial Wallet on Wallet of Satoshi
The Wallet of Satoshi (WoS) is a Bitcoin digital wallet known for its extreme simplicity and focus on the Lightning Network, making transactions fast and cheap. It is a popular option, especially for beginners who want to easily experience Bitcoin and Lightning.
The standard version of Wallet of Satoshi is a custodial wallet (or "hosted wallet"). This means the company behind WoS (Living Room of Satoshi) is responsible for holding your private keys and, consequently, your funds. The major advantage is the ease of use, with a setup process that is by far one of the fastest on the market.
The WoS Custodial Wallet Setup Process
Wallet of Satoshi is designed to be so simple that the "account creation" process is practically nonexistent to get started. There are no KYC (Know Your Customer) requirements for the initial setup, and you don't even need an email or password to begin using it.
The process is as follows:
Step 1: Download and Install the App
Go to your phone's app store (Google Play Store for Android or App Store for iOS).
Search for "Wallet of Satoshi".
Download and install the application.
Step 2: Launch the App
Open the app for the first time.
Upon opening, the app automatically creates a new wallet for you, instantly.
You will see your home screen with a zero balance and the "Send" and "Receive" options.
That's it! Your basic custodial wallet is now created and functional. Your mobile device serves as your initial "username." You can now receive Bitcoin and Satoshis (sats) from the Lightning Network or the main (on-chain) network.
Next Step: Securing Access (Recommended)
While you can start using the wallet immediately, it is highly recommended that you add your email to have a way to recover your funds if you lose or change your phone. In a custodial wallet, the backup is not done with a 12-word recovery phrase but rather with an email login.
Step 3: Register an Email for Backup and Restoration
On the Wallet of Satoshi home screen, look for the settings menu or the "Account" option (usually represented by a profile icon, gear, or three horizontal lines).
Look for the option to "Register Email" or "Sign In/Backup".
Enter your email address.
The application will send a verification code or magic link to the email you provided.
Access your email and follow the instructions to confirm the login or enter the code in the app.
By doing this, you link your wallet to your email. If you lose your phone or need to access your funds on a new device, simply download WoS and log in with the same email to restore your balance and history.
How to Use the Wallet
To Receive Bitcoin (Sats)
On the main screen, tap "Receive".
WoS will automatically generate a Lightning Invoice (for fast, cheap transactions) or an on-chain Bitcoin Address (for traditional transactions).
Share the QR Code or copy the address with the person or platform that is sending the Bitcoin.
To Send Bitcoin (Sats)
On the main screen, tap "Send".
You will be prompted to scan a QR Code (which can be a Lightning Invoice or an on-chain Bitcoin address) or paste the address/invoice into the text area.
The app will detect the payment type and ask you to confirm the amount and the transaction.
What You Need to Know About Custodial Wallets
By using a custodial wallet like Wallet of Satoshi, you are trading full control for ease of use.
Main Advantage: It's extremely easy to use, ideal for beginners, and transactions on the Lightning Network are instant and very cheap, perfect for everyday payments.
Main Disadvantage: You do not hold the private keys. This means you ultimately trust the Wallet of Satoshi company to secure your funds. For this reason, it is not recommended to store large amounts of Bitcoin in this or any other custodial wallet. It should be used as a "spending money" wallet for small, daily transactions.
Wallet of Satoshi is an excellent entry point to the Bitcoin and Lightning networks. With the steps above, you can start sending and receiving Satoshis in seconds!
Would you like to know more about the difference between custodial and non-custodial wallets, or how to send your first Satoshi? 

and the crypto universe.
Any zap sent helps a lot with this challenge and also the NOSTR artist community
zaps.
Any zap sent helps a lot with this challenge and also the NOSTR artist community.
The art posted today is a tribute to Gustav Klimt and the crypto universe.
and the crypto universe






and the crypto universe.





