Minimum Deposit for Opening a Lightning Channel: Which Wallets Work Best?
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Minimum Deposit for Opening a Lightning Channel: Which Wallets Work Best? ⚡️ Introduction The Lightning Network (LN) enables fast and low-cost Bitcoin transactions, but opening a channel requires an initial deposit. Different wallets have varying minimums, affecting usability, liquidity, and transaction efficiency. This guide explores the best wallets for opening a Lightning channel with minimal deposits, focusing on self-custody and ease of use. 🏆 Wallets with the Lowest Deposit Requirements Phoenix Wallet (Mobile: Android & iOS) Min. deposit: ~10,000 sats Custodial model: Non-custodial, but uses Phoenix’s liquidity service Best for: Users who want a seamless Lightning experience with automatic channel management Breez Wallet (Mobile: Android & iOS) Min. deposit: ~20,000-50,000 sats Custodial model: Non-custodial with built-in Lightning services Best for: Content creators & merchants due to podcast and POS integrations Zeus Wallet (Mo...