Wallet of Satoshi

What Wallet of Satoshi does

Wallet of Satoshi is a Brisbane, Australia-based Bitcoin and Lightning Network wallet provider founded in 2019, offering iOS and Android applications distributed across 173-176 countries. The wallet operates a dual custody architecture: a custodial model that has historically been the core offering, and a self-custody model launched in July 2025 powered by the LightSpark (Spark) infrastructure. The product serves two distinct segments - individual consumers seeking a simplified Lightning payment experience, and small merchants through a dedicated point-of-sale application released in June 2025. The wallet's brand positioning emphasizes simplicity, marketed as the 'World's Simplest Lightning Wallet,' targeting mainstream Bitcoin users who prioritize ease of onboarding over advanced self-custody controls.

The company's revenue model is narrowly defined: a 1.95% fee is applied to BTC top-ups and on-chain Bitcoin sends, while Lightning transactions are free of charge. This monetization structure prioritizes user adoption and transaction volume over per-transaction economics, with revenue dependent on conversion of fiat-to-Bitcoin flows and occasional on-chain settlement. Distribution is achieved through mainstream app stores, and fiat onboarding is enabled via a partnership with Moonpay. Tax accounting integrations with Koinly and Cointracking.info are offered as ancillary features. The company does not provide a business API, signaling a deliberate focus on consumer and SMB retail rather than enterprise integration.

Wallet of Satoshi operates as a private company with 1-10 employees, no disclosed funding rounds, and compliance with Australia's Privacy Act 1988. Geographic restrictions apply to the custodial product in the United States, a constraint the 2025 self-custody launch and 2026 merchant POS restructuring appear designed to address. Strategic direction over 2025-2026 centers on extending product surface (self-custody, dedicated POS app), embedding infrastructure partners (LightSpark), and enabling new revenue paths (merchant services), while maintaining the consumer wallet's simplicity positioning.

Name

Wallet of Satoshi

Legal name

Wallet of Satoshi Pty Ltd

Website

https://walletofsatoshi.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Wallet of Satoshi is a Brisbane-based Bitcoin and Lightning wallet for iOS and Android, serving consumers and SMB merchants across 173-176 countries via a dual custodial and self-custody architecture, monetizing through a 1.95% fee on BTC top-ups and on-chain sends.

Ownership category

akta.pro rank

Product category

Cryptocurrency Wallet

SIC

Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Custodial Wallets & Hosted Accounts (exchange/fintech custody, omnibus wallets) (FSAPACAC)

akta.pro secondary industries

Self-Custody Wallets (Consumer & Institutional) (FSADACAE), Wallet Connectivity & Session Protocols (WalletConnect, deep links, QR, auth sessions) (FSAPACAF)

Keywords

• Bitcoin Lightning wallet
• Lightning Network payments
• Bitcoin point of sale
• Cryptocurrency wallet app
• Bitcoin payment processor

Headquarters

HQ city

Brisbane

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Infrastructure, Operations, Personnel, Marketing or Sales

Revenue model

1. BTC Top-Up Fees: A fee of 1.95% is applied when users top up their Wallet of Satoshi balance with Bitcoin, applicable to both custodial and self-custody accounts. This applies when users credit BTC to their wallet.
2. On-Chain BTC Payment Fees: For on-chain Bitcoin payments, a fee of 1.95% is charged plus a fixed fee determined by current network conditions (miner fees). The total fee estimate is displayed before transaction confirmation.
3. Lightning Transaction Fees: Wallet of Satoshi charges no fees for Lightning transactions sent or received. Network routing fees paid to other Lightning nodes are not retained by Wallet of Satoshi. The company states most transactions have zero fees as they run well-connected nodes.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Wallet of Satoshi provides a Bitcoin and Lightning Network mobile wallet application for iOS and Android that lets users send, receive, and store Bitcoin with extreme simplicity, abstracting away channel management and seed phrases. It offers both a custodial mode (with email-based account recovery) and a self-custody mode powered by Spark, alongside a companion POS application that enables merchants to accept Bitcoin Lightning payments in person.

Product overview

Wallet of Satoshi is a Bitcoin and Lightning wallet company offering a mobile application for iOS and Android. The core product is the Wallet of Satoshi main wallet app, which operates in two modes: custodial (default in supported regions) where the company manages private keys, and self-custody (available globally) where users control their own keys via Spark/LightSpark integration. A separate dedicated Point of Sale (POS) app enables merchants to accept Bitcoin in person. Additional features include Lightning Addresses for easy payment receiving, in-wallet Bitcoin purchasing via Moonpay integration, and CSV transaction history export for tax accounting software like Koinly and Cointracking.info.

Differentiator

Problem solved

Functional benefit

Brands

• Wallet of Satoshi POS: Dedicated Point of Sale app for merchants to receive Bitcoin and Lightning payments in person, supporting Lightning Network and LNURL payments as well as NFC Bolt Cards.

Products and services

• Wallet of Satoshi (Main Bitcoin & Lightning Wallet App)

Quantifiable outcome

• Lightning transactions are instant and typically free from Wallet of Satoshi fees
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature5 records

Partnerships

Two partnerships are on record, tiered core and minor.

• LightSpark (Spark)coreTechnology or IntegrationSpark is a third-party Layer 2 solution developed by LightSpark that powers the self-custody functionality within Wallet of Satoshi. This partnership enables non-custodial transfers on the Lightning Network and Bitcoin, allowing users to hold their own private keys. The integration provides a path for Wallet of Satoshi to serve users in regions with regulatory restrictions on custodial services, including potentially the US market. Users must agree to Spark's Terms of Use and Privacy Policy when activating self-custody features.
• Australian Bitcoin Industry BodyminorOthersWallet of Satoshi is a member of the Australian Bitcoin Industry Body (ABIB), indicating participation in the Australian Bitcoin industry ecosystem and regulatory advocacy.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/walletofsatoshi
• Facebookfacebook.com/walletofsatoshi

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wallet of Satoshi