Highlights
Pros
- Multi-signature vault (2-of-3) provides enhanced security by requiring multiple private keys to authorize a single transaction.
- Lightning Network integration enables instant Bitcoin transactions with near-zero fees, supporting both LNDHub and self-hosted Lightning nodes.
- Plausible deniability feature creates a decoy wallet with a separate password to protect real holdings under duress.
- Fully open-source under MIT License, allowing the community to publicly audit, review, and contribute to all code on GitHub.
- Coin control and UTXO management lets users select specific coins to spend, improving privacy and optimizing transaction fees.
- Watch-only wallet support allows monitoring cold storage and hardware wallet balances without exposing private keys.
Cons
- Bitcoin-only wallet with no support for Ethereum, altcoins, or NFTs, limiting its use for multi-asset holders.
- Desktop app is only available for macOS, with no native support for Windows or Linux operating systems.
- Lightning Network setup and channel liquidity management require a higher level of technical understanding compared to standard on-chain wallets.
- No built-in fiat on-ramp, requiring users to acquire Bitcoin through external exchanges before depositing into the wallet.
- As a hot wallet with private keys stored on the device, it remains more exposed to malware and device compromise than hardware cold storage.
- No two-factor authentication (2FA) is available, missing a widely expected security layer for cryptocurrency wallets.