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What is Phoenix Wallet?

Phoenix is a Bitcoin wallet that facilitates both the sending and receiving of bitcoins. While it may initially resemble other standard Bitcoin wallets, its unique feature is its seamless integration with the Lightning Network, which simplifies the complexities of transactions. This allows users to enjoy faster and more cost-effective transactions without requiring any extra effort from them. The wallet is readily available for download on Google Play for Android users, and it has been offered on the App Store since July 2021. Created by ACINQ, Phoenix operates as a self-custodial wallet, which means that users have complete control over their private keys, thereby enhancing the security of their bitcoins. The design of the wallet promotes an intuitive and user-friendly experience, significantly bolstered by its Lightning Network support, which enhances transaction efficiency. It's important for users of self-custodial wallets to back up their keys to protect their assets, and they should refrain from sharing these keys with others to maintain security. Ultimately, Phoenix not only enables users to efficiently manage their bitcoins but also places a strong emphasis on the importance of safeguarding their funds. With each transaction made through Phoenix, users can feel confident in their ability to navigate the world of cryptocurrency seamlessly.

What is Nunchuk?

Nunchuk presents a robust self-custody solution for bitcoin, effectively mitigating risks associated with exchanges and single-key wallets, which often serve as significant points of failure. By implementing a system that necessitates a minimum of two keys for conducting transactions, it guarantees that the loss of one key does not put your assets at risk. While individuals can represent a potential vulnerability, Nunchuk fortifies your bitcoin security through collaborative custody, enabling you to handle your assets in conjunction with trusted partners. It is distinguished as the first and only platform specifically crafted for multi-user custody, facilitating smooth communication and transactions in a unified environment. Although incorporating additional participants might elevate the risk of data breaches, Nunchuk utilizes end-to-end encryption (E2EE) to protect all communications and exchanges, ensuring that only your designated group can access this information—Nunchuk itself remains blind to it. In contrast to conventional systems, Nunchuk avoids being a single point of failure, as all data is securely stored on your own devices. Moreover, with its convenient backup solutions, you can easily recover your wallet from any location, providing reassurance for your cryptocurrency investments. Ultimately, Nunchuk not only secures your bitcoin but also ensures that the management process remains both safe and straightforward for users. This innovative approach to multi-user custody sets a new standard in cryptocurrency management, making it an appealing choice for those seeking enhanced security.

Media

Media

Integrations Supported

Bitcoin
Birdeye.so
Bitcoin Core
Lightning Network
Telegram

Integrations Supported

Bitcoin
Birdeye.so
Bitcoin Core
Lightning Network
Telegram

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Phoenix

Date Founded

2019

Company Location

France

Company Website

phoenix.acinq.co

Company Facts

Organization Name

Nunchuk

Date Founded

2020

Company Website

nunchuk.io

Categories and Features

Categories and Features

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