Phoenix Wallet 2.2.0

ACINQ – Freeware – iOS
out of 50 votes

Phoenix provides a user-friendly, fast, and secure way to utilize Bitcoin. Transactions are completed almost instantly with minimal fees, enabling you to send and receive payments easily, as well as securely store your Bitcoin for day-to-day expenses.

The integration of the Bitcoin Lightning Network enhances transaction speed and reduces fees. This innovative network operates solely on Bitcoin, offering a standardized payment layer designed to boost efficiency without compromising security and decentralization. Phoenix simplifies access to Lightning technology for all users by enabling automatic management of Lightning channels and inbound liquidity.

Phoenix distinguishes itself as a non-custodial and fully open-source wallet developed by ACINQ, a key player in the Bitcoin Lightning Network sector. ACINQ is renowned for managing the world's largest Lightning node, further underlining Phoenix's commitment to advanced technology.

Bitcoin aims to be inclusive for all individuals. Dive in and experience the possibilities with Phoenix.

Overview

Phoenix Wallet is a Freeware software in the category Business developed by ACINQ.

The latest version of Phoenix Wallet is 2.2.0, released on 03/03/2024. It was initially added to our database on 02/22/2024.

Phoenix Wallet runs on the following operating systems: iOS.

Users of Phoenix Wallet gave it a rating of 4 out of 5 stars.

Pros

User-friendly interface that is easy to navigate
Supports both on-chain and Lightning transactions
Offers enhanced privacy features through the Lightning Network
Allows users to manage multiple wallets in one app
Integration with other ACINQ services and wallets for seamless transactions
Good transaction fee management options for users
Frequent updates and support from the development team

Cons

Currently only available on mobile devices (iOS and Android)
Limited features compared to some desktop wallets
Requires user to manage their own private keys, which can be daunting for beginners
Relatively new app, so it may face some stability issues during heavy use
Not as widely adopted as some other wallets, which could affect peer-to-peer transactions

FAQ

What is Phoenix Wallet?

Phoenix Wallet is a Bitcoin wallet developed by ACINQ that allows users to easily send, receive, and manage their Bitcoin transactions using the Lightning Network for fast and low-cost payments.

Is Phoenix Wallet custodial or non-custodial?

Phoenix Wallet is a non-custodial wallet, meaning that only you have access to your private keys and funds.

Can I use Phoenix Wallet for regular Bitcoin transactions?

Yes, Phoenix Wallet supports both on-chain Bitcoin transactions and Lightning Network transactions, allowing flexibility in how you send and receive Bitcoin.

Is there a fee for using Phoenix Wallet?

Transaction fees apply when sending Bitcoin, which can vary depending on network conditions. Lightning transactions may also incur routing fees.

Is Phoenix Wallet available on mobile devices?

Yes, Phoenix Wallet is available on both iOS and Android platforms.

How does the Lightning Network work with Phoenix Wallet?

The Lightning Network allows for instant Bitcoin transactions that are settled off-chain, enabling faster payments with lower fees through payment channels.

Can I restore my wallet if I lose my device?

Yes, you can restore your Phoenix Wallet using the backup phrase provided during wallet setup.

Are there any security features in Phoenix Wallet?

Phoenix Wallet includes security measures such as seed phrase backup, biometric authentication (where supported), and full ownership of private keys.

Can I use Phoenix Wallet for international transactions?

Yes, you can use Phoenix Wallet to make international transactions quickly and with lower fees compared to traditional banking methods.

Does Phoenix Wallet support multiple languages?

Yes, Phoenix Wallet supports multiple languages to cater to users from different regions.

Screenshots (Click to view larger)

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Latest Version
2.2.0

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