spot_img
15.2 C
London
Saturday, May 21, 2022

Wallet of Satoshi.com Review: Scam Or Legit? Read Our Full Review

- Advertisement -
binance 728x90 banner

About Wallet of Satoshi.com

Wallet of Satoshi.com is a mobile app for iOS and Android that lets you send and receive Lightning payments. It is a zero-configuration custodial wallet with a focus on simplicity and the best possible user experience. It can be downloaded using the links at walletofsatoshi.com Simply download and install the app and you are on the Lightning Network! Yes, you can buy Bitcoin directly in the WoS app in over 160 countries! Just tap the green “Buy Bitcoin” button on the main screen and follow the prompts.

A satoshi is the smallest unit of the Bitcoin currency recorded on the block chain. It is a one hundred millionth of a single bitcoin (0.00000001 BTC). The unit was named in homage to the pseudonymous creator of Bitcoin, Satoshi Nakamoto. To ensure you can access your wallet in the event of a broken or lost phone, just be sure to sign into your WoS with your email address. This will allow you to recover your balance and payment history on a new device.

Wallet of Satoshi Wallet Key Details

KeyDetails
Vendor NameWallet of Satoshi.com
FeaturesOpen Source, Hierarchical Deterministic
Supported coinsBitcoin
Platforms (Google Play)
ValidationFull Node
Ease of UseAverage
Anonymity Medium
Wallet HQ LocationN/A
Listed At Altwow23/06/2021
Official Wallet WebsiteClick Here To Visit Wallet Website

How To Install Wallet of Satoshi.com?

Satoshi Wallet Step 1

First Download Satoshi Wallet Wallet App From App Store For Example ( Google Play, Or Apple Store. You Get Official Download Wallet Link At Satoshi Wallet Website.

Breez Step 2

Once You Successfully Installed Wallet.Than Start Creating Wallet By Filling Necessary Data Which Required By Wallet Like – Name , Email, Password Etc.

Satoshi Step 3

Download The Keystore File. This File Enable Or Allow You To Decrypt Your Wallet Just Alike Private Key Does, So If You Lose It Or Someone Gains Access To It, Your Coins Are Locked. Save This File On A USB Stick, Put It In A Ziploc Bag Or Waterproof Container, And Store It In A Safe Place .

Satoshi Step 4

Many Wallet Offer Private Key Features. If Kriptomat Offer Private Ket Features Than Follow This Guide – Snap “I Get, Proceed” And You Will See Your Private Key. Spare This Key By Printing Your Paper Wallet. Store This In A Safe Place For Example In Almira Or Any Zip Locker.

Satoshi Step 5

Once You Follow All Above Guidelines Than Your Wallet Successfully Setup. Now It Is Time To Store Coin.

What Is Lighting

Lightning is an open source retail payment system built on top of Bitcoin. Its main purpose is to enable extremely fast and cheap payments, much faster and cheaper than regular Bitcoin transactions, while retaining the same level of security.

It is used for the kind of payments that you would expect when shopping; fast, cheap and reliable. It also allows for micro-payments: the sending of extremely small amounts of money, in the order of one ten-thousandth of a cent at a time.

BTC Transaction Fees

Wallet of Satoshi.com is a fixed fee applied when sending BTC ‘on-chain’ payments. This fee varies depending on the current state of the Bitcoin Mempool, and will be quoted to you before you confirm the payment. They have no control over the Bitcoin Miner Fees and, at times, it can be relatively expensive to ensure a transaction is included on the blockchain. They strongly encourage all users to send via the Lightning Network where possible for faster, cheaper payments.

Why Wallet of Satoshi?

WoS focuses on user experience and simplicity, functioning exclusively as a Bitcoin Lightning Network wallet. The Lightning Network allows Bitcoin transactions to be sent instantly thanks to off-chain channels. Lightning transactions are free and secure as the network relies on the security of the Bitcoin blockchain without miner fees being incurred.

With most Lightning Network wallets, users must setup a channel with the party they are sending the transaction to in order to successfully make a transaction. As a custodial Lightning Network wallet, WoS removes the need for users to manually open channels. Instead, channel setup is all done behind the scenes as soon as you top up your wallet with Bitcoin.

Download Wallet of Satoshi

An intuitive custodial Wallet of Satoshi.com for the Bitcoin Lightning Network. Top up your account in three ways:

1. Send bitcoin from an exchange or other wallet to the provided wallet address.
– Your account will be credited instantly, and be spendable when confirmed by the network, usually about 10 minutes.

2. Send bitcoin from an exchange or other wallet using the Lightning Network.
– Your account will be credited and you can spend instantly.

3. Buy Bitcoin!
– Tap the Buy Bitcoin button and, depending on your location, you will be shown options to purchase.

Some things you can do:

– Scan a merchant’s Lightning (or on-chain Bitcoin) QR code to pay, paste their payment address, or click a direct Lightning Invoice link.

– Use LNURL-Withdraw to #stacksats, a feature supported by many lightning apps and games.

– Find Physical Merchants near you who accept lightning using the Google Maps integration.

From the makers of Australia’s original and most trusted bitcoin bill payments service, Living Room of Satoshi.

- Advertisement -spot_imgspot_img
Latest news
- Advertisement -binance
Related news