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108 sats \ 7 replies \ @phaedrus OP 13 May 2023 \ parent \ on: Any good competitors for Wallet of Satoshi? bitcoin
Trying... How does Phoenix work? It pretends I'm receiving sats over LN without opening any channels or having any balance in the wallet. Sounds like Muun. Can you tell me more?
AFAIK Phoenix opens channel when you do first receive of funds, and it is ok with zeroconf here.
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You open a channel with your first transaction. Look at the channels menu tab to see it.
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Phoenix at the first replenishment of the balance opens the channel. It is advisable to open a channel immediately for a large amount, since a fee of 3000 sat is charged for opening a channel. And if the liquidity is not large enough, then it may happen that the channels will be opened more often and for each opening of a new channel, you will again have to pay 3,000 sat.
You can top up on-chain (it’s a little expensive now) or from another LN wallet.
This is a very good solution, and non-custodial.
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Sent 30k sats and Phoenix says 27k and its still pending so probably waiting for something to get confirmed on-chain
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3k fee to open first channel. It's recommended you open a big first channel. Oh well. I did the same thing
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So first transaction will open a channel for me?
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The first incoming TXT have to be bigger than 10.000 SATS, and from here they will charge a 3000 SATS fee for opening a channel.
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