Is Phoenix wallet a good place to store large amount of bitcoin? If I just want one wallet with both lightening and on chain and In don't care about fees.
#asknostr
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Replies (14)
Without getting too much info, do you have another option like a Coldcard that you are using for secure long term cold storage?
No. All in one location.
But thats not a local node. Id need to run a node then connect to it.
No. The node is in your phone. They rolled out a rwally really self custody lightning wallet and on-chain in the same interface..
No, the node is in da fone ma nizzle
Not available yet though , one must download the apk
I saw that but its in beta no? I can't find that option on the app.
View quoted note → get the new version
So far its great. Thanks for sharing the link. What about updates is there a github link?
You might want to consider having a reputable secured device (like a Coldcard) to manage a larger stash of your corn.
Phoenix is an online, hot wallet.
You said large amount.
For large amount, please consider using cold wallet, offline.
It can be done by using a hardware wallet such as cold card, bit box, jade, etc.
I understand but if you were to hold it on a wallet with lightning which one would you choose. IsPhoenix the 'best' or are there others. Looks like Zeus beta wallet is pretty great.
Yes, among lightning wallets, I think it is a good choice. Check out mutiny wallet as well.