Glad our clickbait-ey title grabbed your attention, because this is a critical topic for any Lightning user. We’ve seen a lot of questions about recovery and backups — usually from people that have already lost their Bitcoin because they didn’t understand the risks.

In the event of your computer crashing or being corrupted, you will need ALL of the following to recover funds that are in Lightning channels:

  1. Your seed phrase
  2. Your password
  3. Your static channel backup (SCB)

If your computer died right now, could you access each of these? 🤔

Please save your seed phrase (somewhere other than your…

A few days ago our team released a new feature: Recurring Buys. For the first time ever, you can autobuy Bitcoin while still keeping your private keys. We at Sparkswap believe this has the potential to be one of the most interesting use cases so far of the Lightning Network — recurring DCA buys with no transaction fees and immediate self-custody.

There’s a lot of material out there already about why Dollar-Cost Averaging your Bitcoin purchases makes sense, so we won’t completely reinvent the wheel. …

Dave Ramish

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