Comparison: Alby (Browser Extension) vs. Strike (Mobile App)

Alby (Browser Extension)

  • Install: >Add Alby Extension to Chrome Browser
  • Platform: Browser-based (extension for Chrome, Firefox, Brave)
  • Primary Use: Lightning Network transactions and micropayments
  • Supported Currencies: Primarily Bitcoin (on the Lightning Network)
  • Security:
    • Private keys are stored locally in the browser.
    • You control your funds, with a focus on privacy.
    • Less secure compared to hardware wallets but more secure than custodial solutions.
  • Convenience:
    • Integrated into the browser, making it easy for online payments.
    • Ideal for micropayments, tipping, and paying for content/services online.
    • Limited to browser-based interactions.
  • Fees: Generally low, only network fees apply.
  • Privacy:
    • Alby emphasizes privacy and user control over funds.
    • Minimal KYC requirements.
    • Good for somewhat anonymous online transactions.
  • Lightning Integration:
    • Strong integration with the Lightning Network.
    • Supports sending and receiving payments directly in the browser.
    • Useful for web3 activities and supporting content creators.
  • Ease of Use:
    • Easy to set up and use for browser-based payments.
    • Not as user-friendly for those unfamiliar with browser extensions or Lightning Network.
    • Requires basic understanding of Bitcoin and Lightning.
  • Availability: Available on Android browsers only (Edge, Chrome, Firefox, Brave,Opera). Sorry no IOS (we recommend Strike as alternative).

Strike (Mobile App)

  • Install: >Get Strike App for IOS or Android phones
  • Platform: Mobile-based (iOS and Android)
  • Primary Use: Bitcoin and Lightning Network transactions, USD and USDC transactions
  • Supported Currencies: Bitcoin (on-chain and Lightning Network), USD, USDC
  • Security:
    • Custodial service (Strike holds your Bitcoin and USD/USDC).
    • Less control over private keys, as funds are held by Strike.
    • More secure for everyday users who prefer convenience over self-custody.
  • Convenience:
    • Mobile app, versatile for in-person payments and on-the-go transactions.
    • Simple, intuitive interface suitable for beginners.
    • Instant conversion between USD and Bitcoin.
  • Fees: Low fees for Lightning transactions, often lower than traditional Bitcoin transactions.
  • Privacy:
    • Requires full KYC, including identity verification.
    • Less private compared to Alby, as transactions are linked to your identity.
  • Lightning Integration:
    • Strong integration with the Lightning Network.
    • Allows for instant Bitcoin transactions over the Lightning Network.
    • Ideal for both small and larger transactions.
  • Ease of Use:
    • Very user-friendly, designed for all levels of experience.
    • Easy setup and quick access to Bitcoin and Lightning Network.
  • Availability: Available on mobile platforms (iOS and Android).
  • Sample Screens View our Strike slidedeck of typical usage

Summary:

Alby: Ideal for privacy-focused, browser-integrated solutions for online micropayments and Lightning transactions. Great for supporting content creators and interacting with web3 services. Limited to browser-based activities, requiring some technical understanding.

Strike: More user-friendly, mobile-based solution for everyday use, including both Lightning and on-chain Bitcoin transactions. Suitable for managing Bitcoin, USD, and USDC with ease of use. Requires full KYC and offers less privacy.

Choose Alby if you prioritize privacy and browser-based convenience, and Strike if you value ease of use, mobile versatility, and don’t mind the custodial aspect.