How to create a Bitcoin Lightning wallet (2024)

In this tutorial, we show you how to get a Bitcoin Lightning wallet and address in minutes with our mobile app BridgeWallet. With it, you will be able to send, receive, buy, swap and sell LN sats from your phone.

1: Download Bridge Wallet

BridgeWallet is the free mobile app that we have made to easily invest in Bitcoin from your phone. Download the app, install it and then launch it.

2: Create a password

The first step after launching the app is to create a password and confirm it, which will allow you to access the wallet later on.

Make sure to choose a password that you will remember, as there isn't any "I forgot my password" option for security reasons.

3: Create a new wallet

Choose here the "Create a new wallet" option. The other option is to access an existing address in case you already have one.

4: Generate a secret phrase

Choose here the "Generate a secret phrase" option. The split secret phrase is an advanced form of secret phrase, if you don't know what it is you can ignore it.

What is a secret phrase?

5: Read the safety notice

These few screens introduce you to basic safety practices regarding the management of your secret phrase and wallet.

We strongly recommend you read them, even if it's not the first time you create a crypto wallet. A safety refresher can never hurt!

6: Get your secret phrase

This screen displays your secret phrase, which is the only way to access and restore your wallet and all its content.

Never share your secret phrase, make sure you write it down now and store it somewhere safe.

If someone else gets access to your secret phrase, you will lose your wallet's content.

7: Secret phrase check

Let's verify here that you have backed up your secret phrase. If you haven't, you can still click "Back" and back it up. It's really important to do it properly now, so you'll be all set from now on.

This check won't ask you all the words, only a few of them. Make sure to enter the secret word number asked.

8: Success!

That's it, you're done creating a new Lightning wallet!

9: See your Lightning address

You can now start using your wallet to send, receive, buy, swap and sell Bitcoin on the Lightning network. To see and share your public Lightning address, switch to the Lightning network via the icon on the top left of the app screen and go in the "Addresses" tab of the app.

If you want to have a personalized Lightning wallet address, follow instructions here.

How to link a Lightning address?

Have a question?

Check our FAQ

The most common questions that our clients ask us are all answered there. Have a look!

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We answer all your questions, and we answer them fast! Get in touch by email or through Bridge Wallet's contact form.

How to create a Bitcoin Lightning wallet (2024)

FAQs

How to setup Bitcoin Lightning wallet? ›

2 - Setting up a non-custodial Lightning wallet

Download Eclair Android wallet from the Playstore.
Create a new wallet or import an existing wallet.
If you're creating a new wallet, you need to save your 12 words secret phrase somewhere.
Backup your phrase by entering specific words as requested by the wallet.

More items...

Feb 6, 2024

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How to create your own bitcoin wallet? ›

How to set up a crypto wallet

Pick a wallet app and download it on a desktop or mobile device; many software wallets have both options.
Create an account. ...
Write down your recovery or “seed” phrase. ...
Add crypto to your wallet.

Mar 8, 2024

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What is the easiest Lightning wallet? ›

Wallet of Satoshi is ideal for beginners looking to try out the Lightning network. The only disadvantage is it doesn't allow you to control your BTC or private keys. You have to trust the service to keep your funds safe and secure- however, it is standard how most custodial wallets work.

How to create a Bitcoin Lightning address? ›

To set up your lightning address, kindly follow the steps below:

On the Bitnob app, click actions.
Click on setup lightning address.
Your Lightning address is your username@bitnob.io.
Click on agree and your lightning address is set up.
You can now receive payment via your new lightning address.

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What is the difference between a Bitcoin wallet and a Lightning wallet? ›

Bitcoin wallets send transactions through the Bitcoin mainchain, which can take minutes to a few hours for consensus acceptance. On the other hand, Lightning wallets use the Lightning Network, which is a near-instant and cheaper option that involves a network of payment channels.

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What does a Lightning wallet address look like? ›

While the exact format of a Lightning address varies between users, they typically look like an email address or username. This means that a typical Lightning address could look something like this: [email protected]. To generate a Lightning address, users need a Lightning wallet or node.

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How do I cash out my lightning wallet? ›

Lightning network transactions are final and irreversible. To make a withdrawal, log into your account, go to the Assets drop down in the upper right and click on Withdrawal, or go to My Assets and click on Withdrawal. On the Withdrawal page, select BTC as the currency.

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Is Coinbase a Bitcoin lightning wallet? ›

TL;DR: Starting today, Coinbase is rolling out support for the Lightning Network enabling instant, low-cost bitcoin transfers. Users will have the option to choose between using Lightning for faster and cheaper bitcoin transactions, or processing their transaction on the traditional Bitcoin network.

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Which wallet accepts Bitcoin lightning? ›

Electrum, a non-custodial wallet, is praised for its security features and compatibility with hardware wallets. Other wallets mentioned include Breez Mobile, Zap Wallet, Muun Wallet, Phoenix Wallet, Zeus Wallet, and Bitcoin Beach Wallet Blink.

How much does it cost to send Bitcoin on Lightning? ›

Lightning Network fees are negligible. The base fee is just 1 Satoshi (0.00000001 BTC), which is roughly equal to 4 cents. Unlike Bitcoin's mainchain, fees on Lightning remain low and constant due to its high throughput. Scalability.

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How do I deposit Bitcoin Lightning? ›

How Do I Deposit Bitcoin Through Lightning?

Visit Wallet>Deposit.
Select the asset i.e., Bitcoin (BTC)
Then from the network dialog box choose “Lightning”
Enter the amount and tap on “Create Invoice”
Once you tap on create invoice, a QR code and an Invoice number will appear, you can use this.

Oct 20, 2023

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Can you send Bitcoin to Lightning wallet? ›

To send bitcoin on the Lightning Network your Kraken account must be verified to an Intermediate or Pro level account. You will also need a Lightning wallet app to send to/from. Your wallet address will start with LN.

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How to use Bitcoin lightning on cash app? ›

How can I receive bitcoin using Lightning?

Tap the Money Tab.
Tap the Bitcoin tile.
Tap the airplane button.
Tap Receive bitcoin.
Add Amount (optional)
Tap Share to send your QR code OR Show your QR code to sender and scan.

Get More Info Here ›

Is Bitcoin lightning safe? ›

The Lightning Network has implemented various security features to address concerns regarding privacy, routing attacks, channel breaches, and denial-of-service attacks. Importantly, the Lightning Network has the potential to revolutionize the way transactions are conducted, providing a fast and secure solution.

How do I withdraw bitcoins from my lightning wallet? ›

How do I withdraw Bitcoin from my Lightning wallet?

a) Tap Amount to select the amount of Bitcoin in BTC or USD.
Or b) use the slider to select an amount.
c) Check the amount you're withdrawing.
d) Select the portfolio you want to withdraw BTC to.

How do lightning wallets work? ›

A Bitcoin Lightning wallet usually is its own Lightning node where it allows payments to be routed through it to other nodes/destinations. At the same time, it also enables channels to be opened and to be the party initiating the transaction to someone else. The job of each Lightning node is to route payments.

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