of course you can activate on-the-fly channel creation, in such case
my suggestion is to activate it rather "on-demand"
but if you don't care about sudden 3k sat fee - keep it activated

And what if I don't have enough inbound liquidity and I disabled on-the-fly channel creation? Would I be unable to receive payments?

piotr

if incoming payment overflow the free space that you currently have in your LN channel - it will create a new channel and that's why it will cost you at least 3k sat fee, unless you have switched off *automatic on-the fly channel creation*

For example I have 800ksat channel, filled in 50% - so I'm ready to send or receive up to 400ksat (without additional 3ksat fee), and it was sufficient for me so far...

jk_14

bitcoin

I wish someone had warned me about using self-custodial lightning wallet

p2ptrade

I’m using Phoenix. Should every deposit be over 300k sats, or do smaller deposit amount get combined with an existing channel?

Or does every deposit create its own channel?