Topic: Aqua wallet - Bitcoin, Lightning, Liquid - page 3. (Read 1488 times)

any desktop version ?

Aqua wallet doesn't have coin control yet, but you can easily move coins or import keys to Blockstream Green desktop wallet and use coin control.
This wallet should be mainly used for L-BTC and L-USDT, and I suggest moving to hardware wallets for on chain Bitcoin.
For me Aqua is great wallet for situations like this when fees on chain are high.

If you only want to use Lightning Network I think that Phoenix wallet is better for that, and it will have cheaper fees.

For android I would suggest BlueWallet and Electrum. If you want to have the best features in a strong open source wallet. But the topic is about Aqua. I believe they should add coin control. Perhaps the should be told that in a feature request. But as I said, I am not entirely sure I will use it, so I won't request this feature for the time being. I think about sending some funds and using it strictly as an LN wallet. But I use Phoenix which is good so far and WoS for smaller amounts which is also good despite being custodial.

The LN implementation is very good imo. The best I have ever seen.

I am surprised by the fact that so few mobile wallets support coin control. Such a basic feature, missing in basically every wallet. I miss coinomi 

Yeap I thought so. It's better than WoS though because of it supporting Liquid and also being non custodial. I will give it a try and I will let people know. To be honest I am more interested in the LN aspect of the app.

I have only LN balance, so I can't confirm.

It doesn't look like they do. I see no option for that in the app menu

I have no balance to check it, so please can you tell me if the wallet supports coin control for on-chain transactions? I could just fund my wallet and then try to see if I can choose coins, but I can't fund it at the moment, so I would appreciate it. Thanks.

I just received my first lightning network transaction using aqua wallet.

Very straight forward.  No need to open a channel. Very simple to use and Very efficient.

The easiest implementation of LN I have seen so far

Aqua wallet released new version v0.1.30 few days ago so please update when you can:
https://github.com/AquaWallet/aqua-wallet

Liquid network released updated open source explorer version that has much more information about live federation audit system.
Design is very similar like well known mempool.space explorer for mainnet bitcoin:


https://liquid.network/

Thank you. As far as I know, Green wallet doesn't support LN payments, but only on-chain and Liquid.
I think Aqua also supports buying BTC, but Green doesn't.

Anyway, have you concluded which one is best for you (as a mobile wallet only)?

I did use both Green and Aqua wallet.
Green desktop wallet is better if you want to use BTC and L-BTC with hardware wallets (Jade or ledger s), so it's much more secure, but you can use it standalone also.
Aqua mobile wallet is more used for spending and accepting smaller payments in LN and L-BTC, this is something in between Lightning and on-chain bitcoin, but you have all of them supported.
Advantage of Aqua wallet is that it has integrated swaps, and it can accept USDT from other chains and convert it to Liquid.

All wallets currently supporting Liquid assets (L-BTC, L-USDT, etc):

• Aqua wallet
• Green wallet
• Specter wallet
• Jade HW
• Ledger HW

I am interested in knowing more about the Liquid aspect of Bitcoin.

I have tested it with Blockstream Green and I liked it so far, but I need to study more about Liquid Bitcoin.

Has anyone ever used Green? I am interested in comparing these 2 wallets (Green and Aqua), but only for the Liquid Bitcoin and not the other features. Are there any significant differences?

Perhaps dkbit98 can help me? I see that you point out Green above.

That is a lot of IF's, and let's face it Lightning Network alone will never be so popular and easy to use for the masses.
I heard many issues people had with channels and bunch of different wallets, than you also have to pay transaction fees each time you open and close channels.
I didn't say Aqua is better for everyone, it's better for me and it has LN integrated, so I can send and receive LN payments also if I want.
And yes, I know Liquid is federated network, that is why I said it's not meant to be used for keeping savings.

It's not as clear-cut, though. Lightning is fully permissionless, way closer to the Bitcoin ethos than a permissioned sidechain. On L-BTC you do have that dependence on the 'Liquid Federation':

They say it themselves; the trade-offs are different, not necessarily better or 'much safer'.

If you run your own Lightning node and / or use watchtowers, I'd say that Lightning is safer, since I can close channels on my own terms whenever I want, and there is no federation or anyone else who could prevent me from doing so. I have full control over my channels and what I do with them, at all times. In that sense, you could say it's more safe, because there is no risk of getting my funds locked by an external party.

On the other hand, if you use something like a mobile Lightning wallet that's offline most of the time and your channels have too short lock times, your channel partner (usually the developer of the wallet) could steal your funds, though.

The real, definitive answer to what's more secure is: 'it depends'.

Swap feature was always available for android version, and only reason why it wasn't available for iPhones is because of strict terms their store have for approving apps.

Not good for storage YET, but support for hardware wallets is coming soon.
I would say that it is much safer to keep L-BTC on Aqua wallet or in Jade hardware wallet, than to keep anything in Lightning Network.
This wallet is not meant for large amount of coins, it should be used for spending and/or for consolidation, you swap to Bitcoin and move to cold storage as savings.

I had to update twice.. and then now I see the ability to swap.. I was kind of waiting for this feature because it could allow some ways to be able to use lightning network when the onchain fees have gone up but channels had not been created in advance.. even on Phoenix I had seen 40k to 60k satoshi ($25-$40) channel creation fees, but now they seem to have had come down into the 8k to 9k satoshi ($2.50 to $4) arena.. at least somewhat temporarily.  So yeah testing out some sending and receiving but also testing out some swapping might give some ideas regarding the competitiveness of the fees..

And frequently I am concerned about how poor people (or even people who engage in a lot of smaller amount transactions) manage their fees when they sometimes are creating a lot of very low value (such as less than $100) UTXOs, and there sometimes will need to be routes around how to maybe create some intermediate levels of holding coins.. so maybe if there is skepticism of holding coins with 3rd parties or holding on some of the lightning network services, this aqua could serve as a kind of intermediary.. but still likely not good for storage, but if someone might be building up his UTXO amount to get it to be in the $500-$1k range prior to creating a UTXO and sending to a private wallet, then this Aqua wallet might be a good intermediary way to accomplish such task.

After reading your info here I have installed  Aqua  on my iPhone and tested it during couple of weeks.

Yesterday iOS flavor of this  wallet was elevated to v. 0.1.22 .

The most noticeable feature (brought by the latest 0.1.22 update) is support of available  swaps on Marketplace.

So far so good, I go on with testing.

Good to hear that you started drinking some of the Aqua Liquid
They are also working on desktop wallet, so keep an eye on that.
Also make sure not to keep all your fortune in Liquid assets, move BTC on-chain when fees are lower.

Thanks!

I knew that ledger nano s supports liquid, but I don't understand why would they remove support for other models, another strange decision from ledger team.  
Anyway, Jade hardware wallet would probably be better, and you can also use Green wallet and Specter desktop wallet for Liquid assets.
I was talking with Satochip team and they think adding L-BTC and L-USDT could be an interesting idea.

Good news.

I am already using aqua wallet in my phone.

I will soon add L-BTC to bitcoindata.science  (in donations page and in the balance Checker tool).

But I also found something interesting about liquid.

Ledger Nano S model (the old one) supports liquid network, while new models doesn't

As promised Aqua wallet developers just released code as open source on their github page with latest update v0.1.19.
With new update there are some improvements, bug fixes and they finally added new dark theme mod.
You can download new Aqua wallet on github as apk, on g00gle and apple store, and F-droid release is coming soon.

Official github:
https://github.com/AquaWallet/aqua-wallet/releases/tag/v0.1.19

Read more information on Aqua blog page:
https://jan3.com/blog/aqua-wallet-now-open-source-software/