Which Is the Best Self-Custody Lightning Wallet?

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Anita Posch is a world-renowned Bitcoin educator, author of the book '(L)earn Bitcoin' and founder of the online academy Crack the Orange as well as the non-profit initiative Bitcoin for Fairness.

, to see which might be best for any rural area. Given that none of the available self-custodial wallets are developed by Africans, they are rarely used or tested here. On top of that, Lightning is still new and complex, building mobile apps that are running a node of the network on your phone is challenging.

My goal was to find out which of the wallets are the best in sending and receiving bitcoin in a reliable, fast, easy to use manner and to compare the costs involved. One BTC is pegged to one L-BTC. This means if you peg-in 0.1 BTC to Liquid, the resulting 0.1 L-BTC are of the same value as BTC. Compared to self-custodial Lightning there is more trust involved in using Liquid, because you have to go through intermediaries for the peg-in and peg-out and trust a federation of 15 companies, who are the signers for Liquid transactions, whereas on Bitcoin and Lightning you don‘t have to trust any intermediaries.

After 30 minutes of searching, I realized that the network coverage was inconsistent, regardless of whether I used NetOne or Econet. I was able to send WhatsApp messages, but as soon as I wanted to download an image with 0.5 MB, I had to wait or turn airplane mode on and off to be back in the game. Finally, I settled on a shaded spot with a stable NetOne signal to set up a hotspot for my other devices. I prepared my devices – my Google Pixel 4, iPhone 13 Pro and my iPad Air .

Conversely, permitting the seed phrase to be copied to the device's clipboard for convenience may compromise the security of the funds. Uninformed users and newbies might copy it, send their seed per email to themselves, store it as a screenshot or in a Word document. I have seen it all. In terms of fee settings, all wallets except Mutiny allow you to define the maximum Lightning fee you're willing to pay. This gives users some control over their payment costs. Regarding channel management, all wallets allow you to force close the channels. Additionally, Blixt, Zeus and Phoenix allow you to purchase inbound liquidity.After returning to town I tested the payments that failed a second time.

 

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