Satoshi Bitcoin App: Buy, Earn, Spend, and Borrow

Satoshi App lets you buy, pay, earn, spend, and borrow Bitcoin. It integrates a custodial Bitcoin & USD account with a self-custodial Lightning wallet.

Description

The Satoshi App is an all-in-one Bitcoin super app designed to simplify buying, paying, earning, learning, spending, and borrowing Bitcoin. It combines a custodial bank account for Bitcoin and USD with a self-custodial Lightning wallet, giving you complete control over your Bitcoin experience.

Satoshi App Features

Exchange Account

One of its standout features is the Exchange Account, which offers a custodial bank account that supports both Bitcoin (BTC) and USD. This allows you to manage your funds in a single place without hassle. Notably, the app requires no KYC (Know Your Customer) verification, making it accessible and privacy-friendly. Alongside this, the Flash Wallet provides a self-custodial Lightning wallet, ensuring you hold your own keys and maintain full control over your Bitcoin while enjoying instant transactions over the Lightning Network.

Buy and Sell Bitcoin

Buying and selling Bitcoin is simple with the Satoshi App. You can make instant trades in both small and large amounts or set up recurring purchases (dollar cost averaging) on a daily, weekly, or monthly basis. Payments are equally easy. The app allows you to send Bitcoin over the Lightning Network to anyone, anywhere in the world, instantly. Custom usernames make payments even easier by providing a personalized LNURL handle, and adding friends to a contact list ensures quick future transactions.

Earn

The app offers Satsback rewards on everyday activities, and its referral program is especially enticing. By referring friends, you can earn 21% of the fees your referrals pay to Satoshi for life, creating a continuous earning opportunity. Learning about Bitcoin is also a core aspect of the app. Curated content brings the best videos and insights from favorite Bitcoin creators directly to you, while education modules cater to all levels of knowledge, making your learning journey smooth and engaging.

Spend

Spending Bitcoin is made effortless with the Satoshi Card, allowing you to pay for everyday items while earning Bitcoin cashback with every swipe.

Borrow

For those needing liquidity, the app offers a Bitcoin backed loan feature. You can use your Bitcoin as collateral to borrow US dollars without selling your sats, offering a convenient way to access funds while preserving long-term holdings. The repayment process is highly flexible because you can pay back your loans anytime.

Satoshi App Alternatives for Bitcoin Backed Loans

Satoshi App Fees

Here is a breakdown of the fees associated with using the Satoshi App. The table highlights the costs for buying, selling, sending, and receiving Bitcoin, as well as cash transactions.

Transaction TypeFeeSatoshi+ Discount
Buy BTC0.9% fee + spread0% fee
Sell BTC0.9% fee + spread0% fee
Receiving MoneyFree
On-Chain SendDynamic, based on network feesNo Satoshi markup
On-Chain ReceiveNo fees
Lightning Send0.3% fee33% discount
Lightning ReceiveNo fees
Lightning ChannelsDynamic to open/close, based on network feesNo Satoshi markup
Add Cash (ACH)No fees
Cash Out (Standard)No fees
Cash Out (Instant)1.75% fee

This table provides a clear overview of the costs, ensuring transparency for users managing their Bitcoin transactions.

Should You Use Satoshi App?

The Satoshi App is a powerful all-in-one Bitcoin platform, making it easy to buy, sell, earn, spend, and even borrow against Bitcoin. Its unique mix of custodial and self-custodial features, no-KYC access, and deep Lightning Network integration make it a compelling choice for users who value both convenience and privacy. The ability to earn Bitcoin through referrals and cashback rewards adds further incentives to use the app.

However, there are some drawbacks to consider. While the app offers free standard cash withdrawals and no fees for receiving Bitcoin, users will still encounter certain costs. Buying and selling BTC comes with a 0.9% fee plus spread, and sending Lightning payments incurs a 0.3% fee (unless discounted for Satoshi+ members). Additionally, instant cash withdrawals come with a 1.75% fee, which might be steep for those needing quick liquidity.

Additional information

Lightning Network

KYC

,

Bitcoin Investment Plan

LNURL

Bitcoin Debit Card

Yes

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