Post
Topic
Board Development & Technical Discussion
Re: The Lightning Network FAQ
by
Timelord2067
on 07/11/2020, 10:46:01 UTC
That's why Loyce suggested using a custodial wallet. BlueWallet doesn't require you to open your own channels. You can start receiving coins over the Lightning Network right after you create a wallet. You don't have to worry about inbound/outbound liquidity since it's managed by someone else.

Just ensure you write down the 24 word mnemonic seed passwords/phrase in a secure location when prompted to do so (and create an on-chain wallet first *and then* create a Lightning Wallet)