One question about non custodial Lightning Wallets like #Phoenix.
I understand that with my own seed they can‘t run away with my Lightning funds.
But what happens with my funds when they decide to close the service or will be forced to close? Then I am not better than with a custodial wallet, right (and can’t access my funds like with a custodial wallet)?
targonit21 / Stefan
npub1q0p…pfhu
2023-05-22 09:19:03
Author Public Key
npub1q0pun6wnn8p9p3ckzn67was03799un2hytjydgq2yeu0qw8z5e2s63pfhuPublished at
2023-05-22 09:19:03Event JSON
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"pubkey": "03c3c9e9d399c250c71614f5e7760f8f8a5e4d5722e446a00a2678f038e2a655",
"created_at": 1684739943,
"kind": 1,
"tags": [
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"content": "One question about non custodial Lightning Wallets like #Phoenix.\n\nI understand that with my own seed they can‘t run away with my Lightning funds.\n\nBut what happens with my funds when they decide to close the service or will be forced to close? Then I am not better than with a custodial wallet, right (and can’t access my funds like with a custodial wallet)?",
"sig": "984675f812c7ee78f6b69a8638f66d1352c110fb2774e9289f755c3ad91c2791f4d539fbb6da147214221c042c16d32bd371e6050afcaae756336e522b758521"
}