Why we recommend Phoenix Wallet
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There are dozens of Lightning Network wallets available on the market and you can compare their features and functionalities using the . LN Wallets range from giving you complete control but being quite hard to use, to being fully-custodial and super easy to use. However, there’s a middle-ground that we found that offers both ease-of-use and sovereignty using Partial Nodes, the major examples being Phoenix and Breez.
We have selected Phoenix Wallet since it’s a fully released app, whereas Breez is still in open beta mode. Phoenix is available on both Android and iPhone platforms.
Phoenix is a free and open-source, non-custodial Bitcoin wallet with native Lightning support developed by .
Phoenix Wallet is trust-minimized, meaning there is a tradeoff where some trust is required when using the following two services:
channel opening (until the funding transaction is confirmed)
swaps (you pay upfront, and then their node does the swap)
✅Good security with password and biometrics
✅Easy backup and recovery
✅Very simple to use
✅Beginner friendly
✅Reputable and renown
✅Setup time: 30 minutes
❌Less secure than hardware wallet
Phoenix is a real, self-contained Lightning node that runs on your phone. It does not require you to run another Lightning node at home or in the cloud. It is not a custodial wallet either, you are in full control of your funds.
Buying Bitcoin from a non-custodial exchange over the Lightning Network.
Ability to transact with Bitcoin on mobile instantly.
Pay as little in fees as possible for micro-payments
Transact easily using the QR code capabilities.
