Wallet of Satoshi — Lightning wallets
Wallet of Satoshi is custodial: the company holds the satoshis, which makes it convenient to start with and unsuitable for savings.
Specifications
| Custody | Custodial |
|---|---|
| KYC | to verify |
| Tor | to verify |
| Open source | No |
| Lightning address | Yes |
| Platforms | iOS, Android |
| Official site | https://walletofsatoshi.com |
How do you get started with this wallet?
- Download the app from the official source.
- Write the recovery phrase on paper, offline.
- Receive a small first amount as a test.
- Check the balance and make a test payment.
- Only then move larger amounts.
How to Buy Bitcoin Anonymously — See the book on Amazon
Frequently asked questions
- Do custodial wallets require KYC?
- Not always at sign-up, but they can start requiring it at any time, because the company controls the funds and answers to compliance rules.
- Do I need my own node to use Lightning?
- No. Wallets like Phoenix and Breez manage channels automatically without you running a node.
- Can I use the same wallet to spend and to save?
- You can, but it is common to split: a Lightning wallet for daily spending and a self-custody on-chain wallet for savings.