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Mobile iOS

Phoenix

Phoenix is a Lightning-first, non-custodial Bitcoin wallet developed by ACINQ. Sends and receives payments primarily over the Lightning Network, with on-chain support via swaps. Channel liquidity is managed automatically. Available for Android and iOS. Open-source under Apache 2.0.

  • Bech32
    Bech32 is a special address format made possible by SegWit (see the feature description for SegWit for more info). This address format is also known as 'bc1 addresses'. Some Bitcoin wallets and services do not yet support sending or receiving to Bech32 addresses.
  • Lightning
    Some wallets support transactions on the Lightning Network. The Lightning Network is new and somewhat experimental. It supports transferring bitcoin without having to record each transaction on the blockchain, resulting in faster transactions and lower fees.
  • SegWit
    Some wallets support SegWit, which uses blockchain space more efficiently. This helps reduce fees paid by helping the Bitcoin network scale and sets the foundation for second layer solutions such as the Lightning Network.

Criteria

Control

Control over your money

Good

This wallet gives you full control over your bitcoins. This means no third party can freeze or lose your funds. You are however still responsible for securing and backing up your wallet.

Validation

Simplified validation

Acceptable

This wallet uses SPV and random servers from a list. This means little trust in third parties is required when verifying payments. However, it is not as secure as a full node like Bitcoin Core.

Transparency

Basic transparency

Acceptable

The developers of this wallet publish the source code for the client. This means any developer in the world can audit the code. However, you still need to trust developers of this wallet when installing or updating the final software because it was not built deterministically like Bitcoin Core.

Environment

Secure environment

Acceptable

This wallet is loaded on mobiles where apps are usually isolated. This provides a good protection against malware, although mobiles are usually easier to steal or lose. Encrypting your mobile and backing up your wallet can reduce that risk.

Privacy

Basic privacy

Acceptable

Prevents spying on your payments

Acceptable

This wallet makes it harder to spy on your balance and payments by rotating addresses. You should still take care to use a new Bitcoin address each time you request payment.

Discloses information to a third party

Caution

This wallet uses central servers which are able to associate your payments together and log your IP address.

Tor can be used

Acceptable

This wallet lets you setup and use Tor as a proxy to prevent attackers or Internet service providers from associating your payments with your IP address.

Fees

Dynamic fee with override

Acceptable

This wallet provides fee suggestions which are based on current network conditions which you can override. This means that this wallet will help you choose the appropriate fee so that your transactions are confirmed in a timely manner without paying more than you have to, but ultimately gives you control if you want to override the suggestion.

Phoenix — iOS

Similar iOS Wallets

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  • Good
  • Acceptable
  • Caution
  • Not applicable