Phoenix vs Wasabi Wallet
It is a trade-off. Phoenix has the higher Safety grade (8.5 against 8.0), while Wasabi Wallet has the higher Privacy grade (8.9 against 8.6).
Phoenix
Self-custodial mobile Lightning wallet from ACINQ with automatic channels and swaps
Privacy
8.6/ 10
Excellent
Safety
8.5/ 10
Excellent
ID never required KYC 0 Docs reviewed Full review →
Wasabi Wallet
Open-source desktop Bitcoin wallet that routes all traffic through Tor
Privacy
8.9/ 10
Excellent
Safety
8.0/ 10
Strong
ID never required KYC 0 Docs reviewed Full review →
Side by side
| Phoenix | Wasabi Wallet | |
|---|---|---|
| Category | Wallets | Wallets |
| KYC policy | ID never required | ID never required |
| Custody | Non Custodial | Non Custodial |
| Sign-up | No account needed | No account needed |
| Open source | Yes | Yes |
| Tor onion address | No | Yes |
| Coins | BTC | BTC |
| Fees | Sending via Lightning 0.4% + 4 sat; receiving with existing liquidity free; receiving with insufficient liquidity or requesting liquidity 1% + mining fees; channel creation 1,000 sat; on-chain sends pay user-chosen mining fees. | Not published |
| Limits | By default incoming payments are rejected if the fee exceeds 5,000 sat or 50% of the amount (adjustable). | Not published |
| Founded | 2019 | 2018 |
| Jurisdiction | France | Not published |
| Incidents on record | 0 | 0 |
| Published tests (180 days) | 0 | 0 |
Only Phoenix
Accepts LightningLegal entity disclosed
Both
No registrationNo email neededNo phone neededOpen sourceNon-custodial5+ years operating
Only Wasabi Wallet
Tor onion service
Where they sit among wallets
Questions
Is Phoenix or Wasabi Wallet safer?
Phoenix has the higher Safety grade: Phoenix 8.5, Wasabi Wallet 8.0, out of 10.
Does Phoenix or Wasabi Wallet require KYC?
Phoenix is KYC level 0 (ID never required). Wasabi Wallet is KYC level 0 (ID never required).
Which has more incidents on record?
Phoenix has 0 and Wasabi Wallet has 0 documented incidents in the registry.