These days there are some great self-custodial Bitcoin Lightning wallets to choose from. Some even integrate an LSP so you don't have to manage your own channel liquidity.
Here is a simplified overview of the major players and how their fee arrangements differ.
As Bitcoin on-chain fees rise, you should have a basic understanding of where LSP costs are incurred so you can plan accordingly.
For example, funding your wallet will allow you to send, but if you are receiving lightning payments you will require inbound liquidity.
If you want to receive a payment on a new wallet, an on-chain transaction may be required on behalf of the user by the LSP in order to provide the necessary capacity.
In high Bitcoin fee environments this can sometimes result in unforeseen transaction fees. Be aware.
The devs are working hard and shipping improvements and new features all the time.
As these products develop I'll attempt to publish any relevant updates.
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Replies (52)
Will add to next version! I feel like its slightly more technical than the other options but its a great wallet
Yes, it is, congrats in any case, great comparative 👏👏👏
This is incredibly helpful! Thank you!
Thank you for the info 🙌
Onchain fees are affecting the usefulness of these wallets right now. Telling a new user they have to pay 40k sats/$15 just to have the privilege to spend on lightning is terrible UX. I currently use or have previously used all the wallets above and I am hoping they can continue to innovate to improve the UX or else lightning is doomed to cucked custodians.
Thanks Tony. I left the 40k off the chart since your team mentioned it will switch to dynamic soon. I'll continue to update over time as features roll out eg. LN addresses etc.
I agree. My main motivation was to spread awareness of these trade offs.
The availability of this information either online or in the UX also varies from wallet to wallet.
This is really where Lightning non-custodial really fails. Regardless of how much improvements are done to the UX, this will remain an issue.
I heard solutions like using one channel for multiple users, I wonder if my understanding is correct, but that could be a trade off some willing to make.
I doubt this will be the future. We will have to wait and see.
It'd be cool if all LN wallets could be set up to draw sats from a single, sovereign repository (like my self-hosted LN node).
That way, the user could enjoy (and possibly pay for) the wallets' UX and networking connection features while not having to worry about what Apple's or Google's "panties in a snit" disposition might be.
Mutiny gets pulled from European users? Fine. Use one of the other 10 wallets connected to your sat stash. Another one goes dead? 9 left.
What Am I missing here because I know I'm missing something.
View quoted note →Do you have the same but for the apps that allow you to connect to your own nodes? I know only Zeus so far:)
Very helpful recommendation and fee-comparison!
Another dimension worth considering is LNURL support. For people who were using WoS because of Zaps, this is an important question when looking for an alternative.
is the first open still 100,000?
For ingoujd liquidity allowance, mutiny gives 100k sats
Alby can also connect to your own node.
Also Blue Wallet come to think of it. Works nicely.
I have Blue Wallet but never tried to connect it to my own node … 😲 does it handle LSP and/ or LNRUL as well!?
I would add Blixt that supports lightning addresses for #Nostr zaps.
View quoted note →“ For example, funding your wallet will allow you to send, but if you are receiving lightning payments you will require inbound liquidity.” This is something never clicked with me. Yesterday I decided to make the leap of faith and go for the Mutiny thinking to myself when I’m actually using it, I will understand how it works. Nope. Still no clue and lots of sats lost with channel fees and stuff 🤦🏻
Can it?!
Yup
Very important info! Thanks and greets
View quoted note →Seconded!
Lightning is retarded.
Need to check, But they don't have an app, only browser extension
Ah yes, self custody over three layers of trust and security weakness.
LN has more in common with banks than it does Bitcoin.
Amen
Thx for that graphic 🙏👌!
Breez Channel closing/swap out is really that expensive 👀🤯?
0,5% fee + Mining Fee
and
❗50k Sats minimum❗
???
"Send to a BTC Address
Sending to a BTC address involves a trustless reverse swap. Reverse swaps require a minimum transaction amount of 50k sats. Please note that in a high fees environment, the minimum amount may be higher.
Further, Boltz, the reverse swap provider, charges a fixed service fee of 0.5% plus an additional mining fee, which is based on the current bitcoin mempool usage."
Thx a lot, now I get it 👍!
The minimum amount for swap out is 50k Sats, NOT the costs.
Seems I need more coffee this morning hehe 😅☕!
I believe Zeus uses LDK, not LND.
It's a slightly modify version of LND. That was part of the controversy with the Mutiny guys.
LND not focusing on Bitcoin stuff like Bolt12 and other stuff. Apart from the 24 locks that where happening with Zaps
@OpenSecret I'm I correct?
Missing Green wallet. CLN implementation
Is it globaly available to install? My version doesn't seem to have LN greenlight support
I read somewhere that new phoenix version is not Eclair anymore but their new impl that started in ios and now also on android.
Muun isn't a good LN wallet. Here are much better options:
View quoted note →🙏 value
You need to enable experimental features
Watching the engagement stats on a banger note update in real time is pretty cool...
View quoted note →Zeus embedded node uses LND
What do you think of Muun?
It's on, still no signs of greenlight....
Then you have to add a new wallet and you should see the option.
Sorry, add account. Idk you should be able to add it after enabling somehow. I just forgot How
You missed Blixt and Electrum.
Blixt is a powerful LND node.
All of these wallets are cool, healthy competition...not toxic drama is what is needed
Hi, I think that will help a lot to make your decision 😊🤙 ...
View quoted note →
