reply on: Example of high Muun fees \ stacker news ~bitcoin

10 sats \ 2 replies \ @poe7645 29 Dec 2022 \ on: Example of high Muun fees bitcoin

Honestly been having the same problem with Phoenix which everyone says to switch to. A 100 sat payment costs about 2 sats. But if I send 70,000 sats (about $10) the fee was 392 sats. I can do on chain payments for less. Muun has never cost me over 3 sats for similar payments.

0 sats \ 1 reply \ @ek OP 29 Dec 2022

Who are you sending to?

And who are you sending to using Muun?

1 sat \ 0 replies \ @poe7645 29 Dec 2022

I've been playing some more. Muun to Phoenix for 70,000 was 3 sats... the first time

Phoenix back to Muun was 392 sats

Then I downloaded wallet of Satoshi I sent 50,000 both to Phoenix and WoS Pheonix was 172 sats WoS was 429 sats...

I sent 20,000 sats from Phoenix to WoS for sats. I sent the entire balance from WoS to Phoenix for 47 sats. And now I'm running into a problem where Phoenix fails payments about 80% of the time over 10,000 sats back to WoS and costs about 7-8 sats per transaction.

I also sent a couple 40,000 sat tx from WoS to both muun and Phoenix and both cost one was 4 and one was 7 sat fees.

I want to like Phoenix but the failed transactions I've been having since really digging in and not knowing what the fee will be, with wild swings in fees, until after it is sent is kinda of putting me off.

I guess I just need to play around more. But yes I am encountering the high fee on muun as well so I'm not hell bent on defending anything. Just burning sats experimenting.