{"id":8905,"date":"2022-09-30T06:03:16","date_gmt":"2022-09-30T06:03:16","guid":{"rendered":"https:\/\/mdr.foobrdigital.com\/?p=8905"},"modified":"2022-09-30T06:03:16","modified_gmt":"2022-09-30T06:03:16","slug":"1-how-to-set-up-a-custodial-lightning-wallet","status":"publish","type":"post","link":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/2022\/09\/30\/1-how-to-set-up-a-custodial-lightning-wallet\/","title":{"rendered":"1- How to set up a custodial Lightning Wallet"},"content":{"rendered":"\n

We are going to use Bottlepay<\/a> as our example for a custodial Lightning Wallet, because their user experience is great for beginners. There are plenty of other options.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

Step 1<\/strong>\u00a0– Download the Bottlepay App from\u00a0Playstore\u00a0of\u00a0App Store<\/p>\n\n\n\n

Step 2 <\/strong>– Choose your country<\/p>\n\n\n\n

Step 3<\/strong> – Add a mobile number which becomes your log-in info<\/p>\n\n\n\n

Step 4<\/strong> – Agree to the terms and conditions; declare if you are a US Taxpayer<\/p>\n\n\n\n

Step 5<\/strong> – Verify your mobile number with the code Bottlepay send<\/p>\n\n\n\n

Step 6<\/strong> – Create a six digit pin; Confirm the pin<\/p>\n\n\n\n

Step 7<\/strong> – Optional but recommended; Enable Biometrics to enhance security<\/p>\n\n\n\n

Step 8<\/strong> – Create a profile; username, profile picture, email address<\/p>\n\n\n\n

Step 9 <\/strong>– Confirm your email<\/p>\n\n\n\n

Step 10<\/strong> – Verify your identity providing Name, Age, Address, and Proof of Identity via Driving License or Passport; Scan the front and provide a Selfie (smile ? )<\/p>\n\n\n\n

This step took several minutes. Be patient.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

Congratulations. You now have a Lightning wallet. You can:<\/p>\n\n\n\n

Add Funds<\/strong> – Either fiat via bank transfer or by transferring BTC – On Chain or Lightning. You should decide how you want to receive funds. Either in fiat or BTC. You can always change your mind and convert after.<\/p>\n\n\n\n

Make a payment at the speed of Lightning<\/strong><\/p>\n\n\n\n

Receive Funds<\/strong> – Generate a BTC address or Lightning Invoice<\/p>\n\n\n\n

Send Funds<\/strong> – On Chain or by scanning a Lightning Invoice; to other Bottlepay users; to a Mobile Number; to a Social Profile: Discord, Github, Reddit, Twitch or Twitter.<\/p>\n\n\n\n

Trade<\/strong>\u00a0– One time purchase or recurring i.e\u00a0Cost Averaging.<\/p>\n\n\n\n

\"\"\/<\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"

We are going to use Bottlepay as our example for a custodial Lightning Wallet, because their user experience is great for beginners. There are plenty of other options. Step 1\u00a0– Download the Bottlepay App from\u00a0Playstore\u00a0of\u00a0App Store Step 2 – Choose your country Step 3 – Add a mobile number which becomes your log-in info Step 4 – Agree to the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[528],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/8905"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=8905"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/8905\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=8905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=8905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=8905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}