Lava Vault

Shehzan Maredia

Lava is the best self-custody app for people who want to save in bitcoin, spend in dollars, and easily borrow against their bitcoin without compromising on security. Lava Vault allows you to hold bitcoin and dollars, borrow dollars, withdraw money to your bank account, and transact globally for free.

What is Lava Vault?

Lava Vault is the self-custody wallet contained within the Lava app. When you use Lava Vault, you control your own keys and maintain full self-custody of your funds. You can hold bitcoin and dollars in your vault, and you can borrow dollars using your bitcoin as collateral in just a few clicks.

Lava Vault has four main features:

Lava Loans are the core feature of Lava Vault. Lava Loans enable you to trustlessly borrow against your bitcoin while maintaining control of your keys. You can borrow against your bitcoin without having to send your bitcoin to a centralized custodian, and your loan capital is delivered instantly.
Lava Smart Key is the key management solution that unlocks secure self-custody, ensuring your funds are safe from attackers while always being accessible to you.
Lava Free Pay enables instant, free, and global payments.
Lava Exchange enables you to buy assets directly to self-custody and withdraw money to your bank account with the best price and user experience available.

Lava Vault’s core features allow you to access bitcoin-native financial services built on top of self-custody. You can hold, buy and sell, borrow, and transact using both bitcoin and dollars.

FAQ

Where is Lava Vault available?

Lava Vault is available on both iOS and Android.

How can I get started?

To get started with Lava, download the Lava app on iOS or Android and follow the instructions in the app to set up your vault.

Can I have multiple vaults within the Lava app?

Yes. Lava Smart Key allows you to regain access to your account even if your device is lost or stolen. For more information, see this article on setting up security.

How does Lava enable me to hold dollars in self-custody?

Lava utilizes digital dollars (also known as stablecoins) like USDC to allow you to hold dollars in your Lava Vault. Lava Free Pay enables you to spend digital dollars without having to hold gas tokens or pay transaction fees. We also enable you to easily off-board from digital dollars in Lava Vault directly into your bank account. For more information on Lava’s use of digital dollars, see this article.