Recently, we conducted a poll on X to ask you which Bitcoin Lightning wallet you use the most. The goal was to better understand our audience in order to support them in using Bringin: the safest and simplest app to buy and sell Bitcoin.
Unsurprisingly, Phoenix Wallet came in first, far ahead of its competitors with nearly 43%. So, we decided to create this step-by-step tutorial to guide you on how to use Bringin.
What is Phoenix Wallet?
Phoenix Wallet is a Bitcoin wallet that allows you to manage your funds directly, without needing a third party to hold them for you. It is specifically designed for easy and instant Bitcoin transactions using the Lightning Network, which makes payments faster and cheaper than traditional Bitcoin transactions.
Phoenix Wallet is developed by ACINQ, and it automatically manages channels and helps users manage their Bitcoin easily. This means you don't have to worry about managing complicated aspects of Bitcoin and Lightning transactions like UTXO consolidation, channel creation or maintenance.
Furthermore, Phoenix Wallet can be used with Bringin, a feature that makes it even easier to carry out Bitcoin transactions, whether it’s for buying something in Euro with our virtual Debit Card or converting Bitcoin into euros using a simple Lightning Network transfer.
This guide will walk you through how to deposit and withdraw Bitcoin on the Bringin app using Phoenix Wallet, making the process quick, secure, and accessible.
Before you can deposit or remove Bitcoin, you need to have a Bringin account. If you don't already have one, you can sign up for free. Once you've signed up, log into your account with your email and password, and you'll be taken to your dashboard.
You're now ready to get started!
How to deposit Euros on your Bringin account from your Phoenix wallet ?
Step 1 - Set up your Phoenix wallet
For this demonstration, it is essential to have a Phoenix Wallet supplied with BTC. If you don't yet have a Phoenix account or don't know how to add funds to it, a detailed guide is available on Plan B Network.
Once you’ve set up your wallet and added Bitcoin, you can easily deposit or withdraw BTC using the Bringin app, following the instructions in this guide.
Step 2 - Create the invoice
You can now deposit Bitcoin into Bringin, and it will be automatically converted into euros. Remember, we don’t take custody of your BTC, it’s instantly exchanged into euros, ready to be spent.
Open the Bringin app on your mobile device and tap on “Add Funds” to generate a new deposit request.
Next, choose whether you want to deposit via the Lightning Network or with an On-Chain (standard Bitcoin) transaction, it's faster and cheaper to choose the Lightning Network option.
Select the amount you wish to deposit, tap “Next,” and review the details before confirming.
After confirming, the app will display the invoice QR code and also give you the option to copy it.
Step 3 - Complete the deposit
Now that you have your invoice, it’s time to deposit euros into your Bringin account using Phoenix.
Simply paste the invoice you copied from Bringin into the Phoenix Wallet app. Double-check that the amount matches what you intended to deposit. Once everything looks good, tap “Pay.”
After confirming the transaction, Bringin will process it and securely credit your account with euros.
And that’s it! You’ve successfully deposited Bitcoin into your Bringin account using Phoenix Wallet: a quick, secure, and seamless process in just a few taps.
How to withdraw BTC to your Phoenix wallet thanks to Bringin ?
Step 1 - Create an invoice
To do this, open your Phoenix Wallet, tap on “Receive,” then tap “Edit” to enter the desired amount.
You can specify the amount in euros, BTC, or satoshis. Once entered, simply confirm, and Phoenix will generate an invoice for the amount of Bitcoin you want to purchase.
Step 2 - Send BTC to your Phoenix
Once you’ve created your invoice, go back to Bringin and tap on “Purchase Bitcoin to any wallet,” or “Buy Bitcoin” on the mobile app.
Then, select the Lightning option to make the process faster and reduce fees. This is where you’ll paste the invoice generated by Phoenix Wallet.
After pasting it, tap “Next,” review the details, and if everything looks correct, go ahead and confirm.
Step 3 - Check your wallet balances
After confirming the transaction, Bringin will process the transfer and securely deposit your BTC on your Phoenix Wallet.
That’s it! You’ve successfully withdrawn Bitcoin to your Phoenix Wallet from Bringin!
The process is straightforward, secure, and efficient. With just a few clicks, you can deposit and withdraw Bitcoin without worrying about complicated procedures.
