sasker on Nostr: Awesome work! I don’t have experience with wallet of satoshi but here’s what I ...
Awesome work! I don’t have experience with wallet of satoshi but here’s what I found on the questions I would ask on chatgpt:
1. **Purchase of Bitcoin**:
- Yes, you can purchase Bitcoin directly through the Wallet of Satoshi app. The app partners with MoonPay for these purchases, which means you'll be redirected to MoonPay to complete the transaction.
2. **Base Chain or Lightning Network**:
- The Bitcoin you purchase using Wallet of Satoshi will be primarily available on the **Lightning Network**. However, the app supports both Lightning and on-chain Bitcoin transactions, allowing you to send or receive Bitcoin either on the Lightning Network or the Bitcoin main chain as needed.
3. **KYC (Know Your Customer)**:
- **KYC is required** when purchasing Bitcoin through Wallet of Satoshi. You’ll need to provide personal information such as your name and address to complete the purchase, as required by MoonPay.
4. **Custodial vs. Self-Custodial**:
- Wallet of Satoshi is a **custodial wallet**. This means that you do not have control over the private keys to your Bitcoin, which are managed by the wallet provider. While this makes the wallet easy to use, it also means that you don’t have full control over your funds, which is a significant consideration for many Bitcoin users.
In summary, Wallet of Satoshi is a custodial wallet that facilitates Bitcoin purchases with KYC requirements and supports both on-chain and Lightning transactions, with a primary focus on the Lightning Network [oai_citation:4,Wallet of Satoshi | The World's Simplest Bitcoin Lightning Network Wallet](https://www.walletofsatoshi.com/) [oai_citation:3,Wallet of Satoshi: What is it and How does it work?](https://blog.areabitcoin.co/wallet-of-satoshi/) [oai_citation:2,Wallet of Satoshi: The ultimate wallet for beginners?](https://zonebitcoin.co/en/wallet-of-satoshi-the-ultimate-wallet-for-beginners/) [oai_citation:1,Wallet of Satoshi: Reviewing the Custodial Lightning Wallet](https://block-pilot.com/reviews/wallet-of-satoshi/).
1. **Purchase of Bitcoin**:
- Yes, you can purchase Bitcoin directly through the Wallet of Satoshi app. The app partners with MoonPay for these purchases, which means you'll be redirected to MoonPay to complete the transaction.
2. **Base Chain or Lightning Network**:
- The Bitcoin you purchase using Wallet of Satoshi will be primarily available on the **Lightning Network**. However, the app supports both Lightning and on-chain Bitcoin transactions, allowing you to send or receive Bitcoin either on the Lightning Network or the Bitcoin main chain as needed.
3. **KYC (Know Your Customer)**:
- **KYC is required** when purchasing Bitcoin through Wallet of Satoshi. You’ll need to provide personal information such as your name and address to complete the purchase, as required by MoonPay.
4. **Custodial vs. Self-Custodial**:
- Wallet of Satoshi is a **custodial wallet**. This means that you do not have control over the private keys to your Bitcoin, which are managed by the wallet provider. While this makes the wallet easy to use, it also means that you don’t have full control over your funds, which is a significant consideration for many Bitcoin users.
In summary, Wallet of Satoshi is a custodial wallet that facilitates Bitcoin purchases with KYC requirements and supports both on-chain and Lightning transactions, with a primary focus on the Lightning Network [oai_citation:4,Wallet of Satoshi | The World's Simplest Bitcoin Lightning Network Wallet](https://www.walletofsatoshi.com/) [oai_citation:3,Wallet of Satoshi: What is it and How does it work?](https://blog.areabitcoin.co/wallet-of-satoshi/) [oai_citation:2,Wallet of Satoshi: The ultimate wallet for beginners?](https://zonebitcoin.co/en/wallet-of-satoshi-the-ultimate-wallet-for-beginners/) [oai_citation:1,Wallet of Satoshi: Reviewing the Custodial Lightning Wallet](https://block-pilot.com/reviews/wallet-of-satoshi/).