Speed Bitcoin Lightning Wallet 2.4.14.0.0.2.fp.gps

Speed Wallet presents itself as a straightforward, efficient, and secure option for managing Bitcoin and stablecoin transactions. This wallet app offers users the ability to send and receive payments in Bitcoin and USDT, as well as shop for e-gift cards from numerous global brands while earning Bitcoin rewards.

The introduction of USDT-L, a wrapped USDT stablecoin on the Lightning Network, is a significant enhancement. This feature aims to provide users a way to transact with USDT while enjoying stable value and low transaction fees.

Sending and Receiving Payments

As a custodial wallet, Speed Wallet allows users to send and receive Bitcoin and USDT securely. It is designed for individuals looking for a reliable crypto wallet to manage their Bitcoin and USDT for everyday use.

• Add Bitcoin or USDT to your Speed Wallet
• Create a unique Lightning Network address
• Send and receive Bitcoin using either a Lightning or Bitcoin address, LN invoice, or USDT-L invoice
• Transact with USDT via the Lightning Network

The Benefits of USDT-L

USDT is recognized as a digital currency pegged to the US dollar, which makes it suitable for global transactions that can often be slow and costly. The integration of USDT-L addresses these challenges by leveraging the speed and affordability of the Lightning Network.

• Ethereum Bridge: Users can convert Ethereum USDT to USDT-L through the Speed Wallet interface. Upon registering and transferring Eth-USDT into the Speed Wallet, automatic conversion occurs.
• BTC Lightning Payments: Users can generate USDT-L invoices to accept BTC Lightning payments, which will be converted to USDT-L automatically within the wallet.
• Upcoming Swaps: Soon, users will be able to swap between BTC and USDT-L directly within the app.
• Receiving USDT-L Payments: Users can accept payments in USDT-L from other Speed Wallet users or businesses that adopt this format.

Speed Rewards

The Speed Wallet offers a rewards incentive whereby users earn Speed rewards with each BTC transaction. These rewards can be redeemed for Bitcoin SATs in their wallet account, featuring a tiered system that increases rewards as users progress through different levels of participation.

Shopping with Bitcoin

The app facilitates shopping by allowing users to discover various brands that accept Bitcoin and USDT, enabling gift card purchases directly from Speed Wallet.

Transparency in Fees

Speed Wallet is committed to transparency regarding costs associated with transactions. A small platform fee may apply to certain types of transactions.

• Routing Fees: Applicable only to Lightning Network transactions.
• Network Fees: Charged by miners for adding transactions to the blockchain, applicable solely to on-chain Bitcoin transactions.
• Gas Fees: Specific to Ethereum-based USDt payments.

KYC Compliance

The Speed team emphasizes compliance and user privacy through the implementation of KYC for U.S.-based users. Information gathered during this process will be managed confidentially in accordance with data protection regulations. The commitment to maintaining high user experience standards is evident in their approach to customer service.

The Speed Wallet application empowers users by providing comprehensive control over their Bitcoin and stablecoin assets.

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