Phoenix - LN Bitcoin wallet

ACINQ

About this app

Phoenix is a next-generation Bitcoin wallet that lets you send and receive Bitcoin easily.

Phoenix natively supports Lightning for fast and cheap transactions. It's easy, you don't have to do anything: Lightning channels are automatically created by the wallet when needed and you can check their status on Bitcoin explorers.

Phoenix is also self-custodial: you (and only you) have control of the key of the wallet. Backup the key, and make sure to keep it safe!

Ratings and reviews

Great wallet for LN wallets. Easy backup method with the 12 words, simple to use, clean design. It is great to have option to connect via Tor. I like the visibility we have of the current open channels. I wish the wallet had a bit more information about transaction fees, for before (estimation) and after the transaction is done. Other than that, it is a great wallet. And I recommend it.

It's supposed to automatically manage channels and make the lightning wallet process easier but it doesn't do it effectively. I made one successful transaction and Everytime after that a bug occured that required me to contact support. Lastly when giving up and closing all channels my funds got sent with zero fees with no option to add fees, which means consequently my funds are stuck with no confirmations and won't send.

ACINQ raped me to the tune of 0.4% to send my entire Phoenix balance to my Core Lightning node ahead of Phoenix being discontinued for U.S. users. That's for a native Lightning transaction, no blockchain footprint at all! ACINQ are taking advantage of users, especially since it is not clear that the U.S. DOJ will even pursue Lightning wallets. This is the last straw for me with ACINQ. I love their technology, but their fees have always been borderline outrageous, and this latest takes the cake.

What's new

Update fee estimation for on-the-fly channel.