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How to Set up Speed Wallet the Right Way? | Beginner’s Guide
Speed is one of the most versatile and feature-rich Lightning Wallets supporting Bitcoin & stablecoin payments. Setting it up is easy and you only need an email address to get started. In this guide, we will take you through a step-by-step process of setting up your Speed Wallet for the first time. Let’s get going!
Speed Wallet mobile application is available for Android & iOS. You can also access it on the PC by downloading our web wallet or installing the Chrome Extension. Having Speed Wallet on your mobile and PC will allow you to access your funds whenever you want to.
While downloading the app, make sure you get it from trusted sources (like the official Play Store, App Store or our website) to avoid downloading malicious software. Once you have downloaded, it’s time to set it up.
You only need a valid email address to create your Speed Wallet account. You can start your registration by entering your email address and a strong password.
On the next screen, add additional details like your name, country and state to complete the sign up.
If someone has referred you to Speed Wallet, please enter the referral code here. You will receive the referral bonus after completing your first transaction worth 1000 SATS or more.
Once you have submitted the details, you will receive an email with a link to verify your email address. Complete the verification to start transacting from your Speed Wallet account.
Once you have successfully created your account, it’s time to claim your Lightning Network Address. It is a payment address that looks like an email but can be used for collecting payments via the Lightning Network.
Speed Wallet allows you to create separate Lightning Addresses for each currency – Bitcoin (BTC), USDT, and USDC. Each Lightning Address is tied to a specific currency – and you can’t reuse the same address for different assets.
The process of creating your Lightning Network Address remains the same for all the assets (BTC, USDT & USDC). Here’s a video tutorial for creating a Lightning Address for USDT:
Similarly, you can claim a unique LN address for BTC & USDC. While you can use any of these addresses to receive payments via Lightning Network, it’s worth noting that the currency credited will always match the address type.
Meaning, If someone sends USDT to your Bitcoin LN address, the funds will be received as Bitcoin, not USDT. Similarly, if you send Bitcoin to someone’s USDT LN address, they will receive it as USDT. The conversion is seamless, automatic, and free.
This system gives you flexibility in managing different cryptocurrencies while keeping each currency organized with its own unique address.
Now that you have your Lightning Address set up, it’s time to add funds to Speed Wallet.
You can add funds to your Speed Wallet in three simple ways:
Speed Wallet makes it incredibly easy to get started with crypto—even if you’ve never used a wallet before. You can directly buy Bitcoin, USDT, or USDC directly using your debit or credit card.
Here’s a quick tutorial that will guide you through the process of buying assets:
Speed Wallet also facilitates instant & free swaps between Bitcoin, USDT or USDC. This means whether you want to start with Bitcoin and later convert it to USDT or USDC, or vice versa, you can do it all in one place—without using any third-party exchange. It’s fast, secure, and designed to give you full control over your assets.
Already have Bitcoin, USDT, or USDC in another wallet? Transfer it to Speed Wallet in just a few taps. You can use your Lightning Network Address to receive funds or send it via networks like Ethereum, TRON, and Bitcoin mainnet.
Speed Wallet supports:
To receive funds, select your preferred currency in Speed Wallet and tap “Receive”.
Enter the amount you wish to receive. You can also add a note if you want. On the next screen, you will see a payment QR and your address/invoice.
Just copy the address/invoice or scan the QR from your existing wallet to transfer funds to Speed Wallet.
You can play games and complete milestones to earn free Play Coins, which can be later converted to Bitcoin, USDT or USDC. Speed Wallet has a huge repository of fun and exciting games to help you kickstart your crypto journey without spending a dime.
Sending money from Speed Wallet is as simple as receiving it. Just:
Speed Wallet automatically detects whether to use Lightning or on-chain based on the address. You can also choose the network manually for advanced control.
Pro Tip: Sending via Lightning ensures near-zero fees and instant delivery.
Speed Wallet is built with bank-grade security, but you still play a crucial role in keeping your funds secure. Here are a few tips:
Only download the app from speed.app or official app stores.
Don’t worry! If you forget your password, you can reset it using your registered email. Just follow these steps:
Speed Wallet isn’t just another crypto wallet—it’s an all-in-one hub for Bitcoin and stablecoin transactions, rewards, games, gift cards, and more. Whether you’re a beginner or a crypto pro, Speed makes it easy, fast, and fun to manage your digital assets.
Start your journey today with just your email and explore the future of payments—lightning fast, zero-hassle, and rewarding.
Speed Wallet now supports USDC, one of the most trusted stablecoins. Discover how USDC can enhance your crypto experience and why it’s a game-changer for digital payments. Read more!
Discover Bringin, the latest integration in Speed Wallet, enabling seamless Bitcoin-to-fiat conversions directly within the app. Enjoy low-cost transactions, robust crypto management, and now, the ability to sell Bitcoin effortlessly—all in one trusted platform.
Struggling to find a crypto wallet you can trust? Discover Speed Wallet — your ultimate companion designed for fast, low-cost and secure transactions. Explore all its standout features and get started now!
Choosing the right Bitcoin wallet is key to secure and efficient crypto management. This comparison breaks down Muun Wallet vs. Speed Wallet to help you decide based on self-custody, speed, or multi-asset support.
