|||

Lightning Self-Custody for Beginners With Phoenix Wallet

How to Use Lightning Bitcoin in Self-Custody With the Phoenix Wallet: Easy Setup in 10 Minutes

The Phoenix Wallet is a self-contained Lightning node that runs on your phone and gives you full control in managing your bitcoin. It is very easy to use and therefore highly recommended for beginners and advanced Bitcoin users to engage in fast and secure Lightning payments.

I provide you with the knowledge to utilize the full potential of the Phoenix Wallet. What you will learn:

  • How to download and install the wallet
  • How to backup your wallet with a seed phrase
  • How to adjust the app settings according to your needs
  • How to receive on-chain sats and open a new channel
  • How to look up transaction details
  • How to receive and send sats via Lightning & on-chain
  • How to create invoices
  • How much the payment fees for Phoenix are and how to buy inbound liquidity

Sending Bitcoin With Your Phoenix Wallet

Here I walk you through the simple process of sending bitcoin using your Phoenix Wallet. It’s quick, efficient, and secure.

Step-by-Step Guide to Send Lightning Bitcoin

  • Copy the Address: First, you copy the recipient’s Lightning address or invoice address. This can be done from any message or document where it’s shared.
  • Using Phoenix Wallet: Next, you open the Phoenix Wallet on your phone, click on Send’, and then select Paste from Clipboard’ to enter the recipient’s address.
  • Checking Transaction Details: The Phoenix Wallet then displays the transaction details including the amount, description, and fee. It’s important to review these to ensure everything is correct.
  • Making the Payment: Finally, you click on pay’, and the transaction is completed. The recipient receives the bitcoin almost instantly.

Do You Want to Learn More About Bitcoin?

Up next Bitcoin for Fairness Review 2023 A Non-Technical Explainer of Bitcoin, Lightning, Liquid, and E-Cash
Latest posts Bitcoin on Your Phone - Alternatives to Ios and Android Podcast: On the Access Tribe Podcast Upgrade Your Existing Phoenix Wallet for Splicing Lightning Network and Bitcoin - What’s the Difference? Lightning Wallets: Self-Custody Despite Poor Network Connection - Best Apps Tested in Zimbabwe 2024 A Non-Technical Explainer of Bitcoin, Lightning, Liquid, and E-Cash Lightning Self-Custody for Beginners With Phoenix Wallet Bitcoin for Fairness Review 2023 Fast and Easy Payments With Bitcoin - Let People Send Sats via Your Website #7 Most Impactful African Bitcoiner Bitcoin Flyer in Bahasa Indonesia Understanding the Different Bitcoin Address Formats Introducing the Anita Posch Ai Bot: Your Personal Bitcoin Educator Slides Bitcoin 101 - Africa Bitcoin Conference 2023 Unlock the Power of Self-Custody: Green Wallet Tutorial Bitcoin, Souveränität Statt Etf Investment Bitcoin Empowers Africa and Africans Empower Bitcoin | Plan ₿ Forum 2023 (L)earn Bitcoin - Know Your Basics - Transactions & PoW Mining | Indonesia Bitcoin Conference 2023 Bitcoin, Ein Instrument Für Freiheit Und Finanzielle Selbstbestimmung Bitcoin - Hype Oder Langfristiger Wert Podcast: How Bitcoin Safeguarded Elections in Guatemala Bitcoin, Afrika Und Menschenrechte Bitcoin Setzt Menschenrechte Durch Why Are We Bullish? Lyn Alden, Anita Posch, Steve Lubka Podcast: Original Bitcoin Island Bali Why ‘Bitcoin Is a Tool for Freedom’ - Especially in Africa: Guest at Laura Shin’s Unchained Podcast Bitcoin Empowers Africa and Africans Empower Bitcoin Cypherpunks’ Code Enforces Human Rights Education on Zambian Tv Show Bitcoin Flyer in Spanish Bitcoin Flyer in Shona


Contact & Imprint | Privacy Policy