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Contact us on through the in-app chat or at email@example.com. Else contact us through the form below
We are building a global payments network. This means something that can be as big as SWIFT, Visa or MasterCard. We believe in the “grand bitcoin vision”. We want to see everyone on the planet benefiting from what bitcoin offers, i.e global payments, instant and cheap.
What you see today is a tiny fraction of our global vision. This shit is hard to build, takes time, skill and effort. By now we’ve mastered these arts. Expect to see a lot more, a lot faster.
If you tested our original testnet application between 2019 and 2020 you may have seen everything in a single app. We spent copious amounts of time attempting to get that onto mainnet directly but that directly conflicted with European regulations. To continually abide by regulations as a registered legal entity was in our best interests. Hence, we had to split the application into two – each with a different set of features and banking partners.
This is a layer 2 protocol on top of the Bitcoin network that enables instant, low-fee transactions. Check it out, it’s probably one of the most exciting things happening with Bitcoin today. Lastbit Lite is arguably the easiest way to use Lightning. Check out BlueWallet if you’d like a simple Lightning wallet to get started with.
Yes, the two apps are entirely different with different backends and different banking partners. The accounts are not linked to each other in any direct manner, except for the card redeem code if you signed up on both apps with the same email ID.
In the background, lastbit opens and manages your bitcoin exchange account at our exchange partner. Lastbit has built a custom “lightning adapter” to be able to offer within the app, a single lightning interface, even though your funds are on chain. Lastbit as a company never touches your money or your data, everything is handled by regulated entities.
Your MasterCard can be used to pay at local retail stores or online. You add Euros to the card by making an instant bitcoin transaction over lightning or on chain (coming soon!). Additionally, you can send bitcoin to anyone asking you for it, through the Pay button in the app. Lastbit never touches your Euros or your Bitcoin and the card never directly holds bitcoin either, everything is denominated in Euros.
No. This is an app to push Bitcoin adoption by bringing in no-coiners in the easiest possible way. If you want spot market rates and want to deal with the volatility, on chain transaction fees and lightning channel risks yourself, please use a reputed exchange such as Kraken or Coinbase.
No, we do not issue a token or plan on doing so. We pay to our partners up to 1% every time you swipe your card (fees that you don’t ever have to pay) and we offer competitive bitcoin rewards in a non-custodial lightning setting as a feature, this is not the focus of the card.
We technically charge zero fees on everything to deliver the best possible user experience on screen. All the numbers on the app goes by the WYSISYG principle – “What You See Is What You Get”, inspired by popular applications such as Revolut.
When you’re paying people over the lightning network using Lastbit’s fiat (EUR) wallet, there is no tax liability for you, as our infrastructure buys, settles and sells bitcoin instantly on the spot so you don’t have any capital gains to report.
On the other hand, if you sell Bitcoin for fiat yourself, you have the same tax liability that you would if you used any Bitcoin exchange service.
Disclaimer: We are not tax advisors and each country has different tax laws. Please consult your local tax advisor about your particular transaction or issue, for a final opinion if you wish.
Following EU regulations, our exchange partner has built custom infrastructure to enable us to remain a technology company. In return we pay fees and use their rates. Again, WYSIWYG, we’ve done our best to keep the spread low but the aim of the app is NOT to buy/sell bitcoin, that’s just a cherry on top of the service we’ve built. Use an exchange if you want to trade regularly. We want to push bitcoin adoption in a dead simple way and that’s what lastbit optimizes for.
There are many online buy/sell bitcoin websites that blow up the spread way more and are multi-million dollar companies.
We’re way ahead of that competition and we’re not even making revenue, we just want to build an awesome service for you while being able to keep the company alive. Makes sense?
Lastbit Lite FAQ
A mobile application for Europeans where you are issued an IBAN and a seamless Bitcoin/Lightning Wallet interface. Send/Receive/Buy/Sell Bitcoin or Euros instantly.
All your Bitcoin is safely held by our exchange partner Bitlocus Ltd. which is a UK entity regulated by the FCA. Lastbit never touches your funds and is only a technology company.
Your Bitcoin wallet is the simplest possible way to get started with Bitcoin – on-chain and lightning. ALL the bitcoin you hold on that wallet can be sent on-chain or on Lightning. No channel management overhead, no BS, simple and easy lightning for beginners?
You can put in and take out Euros (caveat: For now, these accounts have to be in your name). You can directly receive Euros over the lightning network or pay invoices on the lightning network directly from your Euro wallet.
Do not ever put all your bitcoin on an exchange service. Buy a hardware wallet for large amounts.
We recommend putting upto 2000 EUR worth of Bitcoin at any time, on Lastbit, to use for whatever you want. Any larger amount, you probably should put it in an ultra secure place that you control. Check out keys.casa for large amounts.
Lastbit Cards FAQ
A mobile application where you are issued a lastbit Mastercard debit card. You can add funds to this card by making a lightning transaction and also pay lightning invoices from your card.
Nothing. WYSIWYG – What You See Is What You Get.
We want to build a global payments network using lightning, not a crypto-debit card, although it may seem that way as of today.
Today, our focus is on building stuff that most users want in the Bitcoin space and people that are on the edge of getting into Bitcoin, i.e. an easy way of getting started with no fuss and an easy + safe way of using Bitcoin. That’s what lastbit cards does. Start using lightning immediately and save a little bitcoin doing so.
We do not and will not issue random tokens to give you free money.
You. We never ever touch your bitcoin at any point in any app. All the card balances are strictly in fiat currency (Euros). No bitcoin is ever held directly on the card. Your bitcoin on your lightning wallet is under your control.
Testnet Version FAQ
Lastbit hosts a public Lightning Node that is free to use through the lastbit wallet. Any bitcoin that is deposited on-chain is stored on this node, in exchange, you can make lightning network transactions. However, EU regulations prevent us from launching this on mainnet for the short term. We are working on a solution to fix this.
All your Bitcoin wallet keys and data is stored securely on your device.
The Lightning Wallet is a hosted service that lastbit provides.
All your card information is securely handled by our banking partner.
Before we launch our mainnet application, the entire backend service will be made completely open source, with simple options to deploy your own node and connect your lastbit application to it.
All your user data is derived and linked to your Bitcoin mnemonic (a list of 12 words). This is your one single way to access, backup and restore your Bitcoin wallet, Lightning wallet and cards. Keep this a secret and never reveal to anyone.
Stay tuned while we finalize the prototype of our non-custodial payment channel mechanism that gives you the best of both worlds – i.e. zero setup overhead with non-custodian storage and the ease of using lightning out of the box with zero setup.
This is a unique identifier for all lastbit users that you can use to make instant bitcoin payments to or receive instant bitcoin payments from.
To all residents of the European Economic Area
The application encrypts all your private information (keys, user data) and stores it securely within your device. The Bitcoin wallet is as secure as most other popular phone wallets.
You can find us on Telegram, E-Mail (firstname.lastname@example.org) or through the feedback section from the lastbit mobile application. You can additionally request support through the application for every single transaction, should you find any issues.
Without your mnemonic, you will not be able to restore your Bitcoin and Lightning wallets. We have designed a login mechanism where all your wallets and cards originate from a single mnemonic. Keep this private, secure and NEVER share it with anyone!
No, lastbit never sees your mnemonic and neither does any other app or anyone. Do not ever share this with anyone, including anyone claiming to be from lastbit.
Yes, you can import mnemonics of variable lengths into the application. Your legacy, segwit and bech32 wallets will be fully restored.
A passphrase is analogous to a 13th word to your mnemonic. We strongly recommend securing your mnemonic with a passphrase as this greatly increases the security of your wallet. Nobody will be able to access your funds even if they know the mnemonic, without the passphrase.
Your mnemonic that is displayed on setup is your account. This single list of 12 words connects your bitcoin, lightning wallets and your cards. Lastbit never accesses this and neither should anyone else. The credentials for your wallets and accounts are derived through a simple cryptographic process, from this mnemonic.
They can access all your wallets. For your cards, we enforce an additional layer of security with an extra PIN for it.
1,0000,0000 satoshis = 1 Bitcoin
If you would like to pay invoices in your area or other invoices near you, we use your location to filter out invoices. We don’t use your location for anything else.
You can deposit Bitcoin on-chain into the Lightning wallet and withdraw Bitcoin on-chain to a wallet outside the Lightning wallet.
Maybe, in the future.
Yes, these can be found on the pricing section.
Go to the cards screen, set up your cards by completing your verification and select an amount that you would like to top-up with. Make a lightning transaction or an on-chain Bitcoin transaction to add EUR to the card.
In exchange for helping us beta test the application today and being an early adopter, as soon as we are “legally” allowed to switch to mainnet, you will receive your sats!
Protect your online shopping privacy by creating a new card for every single transaction, receive more bitcoin back as you shop, higher FX limits, lower fees, automatically buy bitcoin at the real FX rate and more!