0 sats \ 2 replies \ @OT 31 Dec 2023 \ on: Phoenix Wallet clarity bitcoin
I think mobile LN is different to running a LN node where you need to balance your channels etc.
Phoenix only allow you to open a channel to them. Best to try wait for a good time to make the initial on chain TX. It used to be 3000 sats to open then 0.4% fees sending LN payments.
Do you need to loop out?
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0 sats \ 1 reply \ @Anonomoto OP 31 Dec 2023
Once the channel is created, I'll push 95% of the Sats to Boltz.Exchange.
That should maintain the channel capacity and allow for further inbound transactions.
My channel will mostly be for inbound transactions before sweeping out to Boltz; in the future, I'll likely expand the channel when there is a quiet spell in the mempool.
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0 sats \ 0 replies \ @OT 31 Dec 2023
Another option to save sats but some more risk is to swap into liquid. You can consolidate UTXO's and wait for an ideal time to peg back into BTC.
Some might not agree with this, but its been working well for me so far.
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