Speed Bitcoin Lightning Wallet vs Cake Wallet Usage & Stats

Speed Wallet is one of the most simple, fast, and secure wallet for all your Bitcoin & stablecoin payments. Your one wallet app to send, receive Bitcoin & USDT payments, shop e-gift cards from global brands, & earn Bitcoin rewards. Our vision is to make Bitcoin & stablecoin accessible to everyone & help you experience the full power of it. Speed has launched USDT-L, a wrapped USDT stablecoin on the lightning network. This benefits all the users who want to transact using USDT to attain a stable value at low transaction fees. Send, receive Bitcoin & stablecoin payments As a custodial wallet, Speed Wallet enables you to securely send & receive Bitcoin & USDt. It is the most secure crypto wallet for holding Bitcoin & USDT or spending them easily for everyday services. - Add Bitcoin or USDT to your Speed wallet - Create your unique LN address - Send & receive Bitcoin using an LN or Bitcoin address, LN invoice or USDT-L invoice, - Send & receive USDT using the Lightning network Why USDT-L & how can users it on Speed? USDT is a popular digital currency pegged to the US dollar, so it's stable & perfect for global transactions, they can be slow & expensive. Speed has introduced USDT-L, which overcomes all these challenges by bringing the speed & low fees of Lightning Network to USDT. - Ethereum Bridge: Convert Ethereum USDT to USDT-L through the Speed Wallet. Download the app, register, & transfer Eth-USDT to Speed Wallet for automatic conversion to USDT-L. - BTC Lightning Payments: Generate USDT-L invoices to accept BTC Lightning payments. Speed Wallet will automatically convert BTC to USDT-L. - Swap on Speed Wallet: Soon, users will be able to swap between BTC & USDT-L within the wallet. - USDT-L Payments: Receive USDT-L from other Speed users, businesses, or wallets adopting USDT-L. Speed Rewards With every BTC payment you make using Speed Bitcoin Wallet, you earn Speed rewards, & the most exciting part is you can redeem them to earn Bitcoin SATs in your wallet account. We offer a tiered rewards system. As you grow through the tiers, the reward on every spend increases. Shop with Bitcoin Find all your favorite brands that accept Bitcoin & USDT. Shop for gift cards directly from the Speed Bitcoin Wallet. Fees We believe in transparency, there are no hidden costs. Every time you make a payment a small fee is applied. Speed Fees: A small platform fee may apply to certain transactions. Routing Fees: A small fee is charged to route your payment through the lightning network & is applied only to LN transactions. Network Fees: A small fee is charged by the miner to add your transaction to the block in the blockchain & is applied only to Bitcoin on-chain transactions. Gas Fee: A small fee is charged by the miner to add your transaction to the block in the blockchain & is applied only to transactions made on Ethereum Blockchain for USDt payments. KYC Speed team is committed to taking all measures necessary to ensure compliance & provide a seamless Bitcoin payment experience. We have implemented KYC for all the users based in the United States. Any information collected during the KYC process will be handled with confidentiality & under applicable data protection regulations. We deeply value our user community, & we're dedicated to ensuring that our services meet the highest standards of user experience & business continuity. If you have any questions or concerns regarding this update, please don't hesitate to reach out to our support team at support@speed.app Download the Speed Wallet app to take complete control of your Bitcoin & Stablecoin, it’s yours. Follow us on Twitter, LinkedIn, YouTube & Instagram