I'm looking at phoenix as an upgrade over WoS . Is it easy to move sats from LN to your Onchain as WoS doesn't do that. What's your experience of doing this?
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On the Phoenix app you will ONLY see a LIGHTNING NETWORK banlance.
Also, you can do a SWAP IN ( move SATS from On Chain to Lightning): the fee is 1% of the amount with a 3000 SATS minimum fee. SWAP OUT (from LN to ON Chain), the fee is variable, depending on the btc mempool...
The wallet is very easy to use.
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Good choice and the experience is excellent. If you are not running yet your own node consider it, install Electrum and link Phoenix to it. The newest version of Phoenix uses the novelty of slicing, only one channel, less head aches, less costs, lower fees, those guys in Phoenix team are rock starts
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How does running a node work off a mobile? I'm aittle.out of my depth when it comes to tech.
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Forgot to mention, this is advised for increased privacy, thus, your on chain transactions will be validated by your own NODE and behind TOR, but it is not needed, by default you can use Phoenix application NODE
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Th application has, in the settings the possibility to configure the node, you install the node in a PC and once configured and fully loaded, you can point the mobile app to your node. You need to learn about it, the easiest way is with Umbrel OS, https://umbrel.com/, but if you are going down that rabbit hole, I will rather recommend you https://start9.com/, way more stable and a bit more expensive, but the maintenance will be minimum and will be quite stable.
If you decide to go with Umbrel because the low cost, I will suggest you do not install any application but the Bitcoin Node, Electrum Server and if you use Samourai, the Samourai DOJO server, nothing more, this will improve the stability of the OS...
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Nice!
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This is the way
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