41 sats \ 4 replies \ @nullama 28 Apr 2022 \ on: Why does everyone love Muun Wallet so much? bitcoin
It's the only non-custodial wallet in which you can receive a small amount of sats (say, 500), with an empty wallet(this is the typical first experience of many people):
https://i.imgur.com/yTe8Vmi.png
I tried to do the same with other wallets but it wasn't possible.
The only one that worked was muun.
Phoenix has a 1% fee with a minimum of 3k sats for channel creation. Also the first deposit on an empty wallet must be at least 10k sats.
Breez has a 2k sats fee for channel creation
Also, it's extremely easy and cheap to receive sats with Muun and then send them to an on-chain address.
Of course it doesn't have all the advanced features of other lightning wallets, but you can have more than one wallet for different use cases.
For noobs testing LN with amounts that small, I think it’s a much better UX to just use a custodial LN wallet like CoinOS or Wallet of Satoshi. Those 500 sats are custodial in Muun anyway since it’s too small to settle on chain.
You can also send the sats on-chain with CoinOS with no fee other than the network fee. It’s cheaper than Muun even especially for larger amounts.
reply
Ok then try sending those 5 sats back.
Phoenix and Breez are charging that fee for a reason: LN can't work without channels. In order to have a channel you need to pay an opening fee.
The only one wallet app that really do not charge an opening fee is SBW, that is using hosted channels, and also using immortan LN implementation.
SBW > Muun (much better several times more)
reply
SBW seems to have liquidity issues recently. My payments are not going through for some reason :(
reply
So you are using SBW only with hosted channels.
Use it with your own channels.
reply