I'm looking for some bitcoin lightning advice and Stacker News is the place with people who know what's up.
Mutiny wallet is shutting down at the year's end. I've been trying to get my sats off of it and I'm finding out it's not as simple as just: (a) enter amount, (b) send. Obviously, LN is not a strength of mine.
My goal is to get the entire balance off Mutiny, I've removed some, but am failing at getting all the sats off.
Seems to me that my balance is larger than my outbound limit and that's the issue. The error message reads "We do not have enough balance to pay the given amount," which is a little odd because the balance shown is way above the amount I tried to send. I tried several amounts, decreasing them each time, with the same message. When I finally entered an amount beneath the "outbound" threshold, then the error message does not appear. Then, it does seem like the tx would go through (I backed out).
My guess is that the error message should really say, "Whoops, you're trying to send more than your outbound limit allows," or something like that. Anyway, I'm stuck.
So, what are my options?
  • Open another channel?
  • Switch to on chain transfer?
  • Other option?
And what would be the benefits and detriments/costs of each?
I'd be appreciative of any help.
See what the second screenshot says about channel balance reserve... That reserve is technically part of your balance, but you can't send it because as a sender you have to have more than you're sending to accommodate for fees
That channel is useless to you now anyway, close it. You should* be able to give an output address to another wallet but all you're doing is over dust at this point.
If you're balance is more than 3700 or so based on that screenshot then it might be a channel not listed for some reason or in one of the rug pull mints*
  • I've never used Mutiny and have no idea as to its UX or what it's internal node capabilities are
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Thanks so much. The balance is indeed over 3700. I've actually questioned the balance that's shown, wondering if I have that amount. This helps me along though in my thinking.
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Open another channel?
Don't
Switch to on chain transfer?
Why can't you just close the channel, wait for the timelock (if fc) and send it onchain ? What's stoping you from doing it ?
Other option?
There isn't any other option
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121 sats \ 0 replies \ @crrdlx OP 4h
Why can't you just close the channel, wait for the timelock (if fc) and send it onchain ?
I don't know, that's why I'm asking! Based on your question, I'm guessing that's something I could do. You mention closing the channel and waiting, okay. Mutiny has a "criss criss" arrow icon that is for switching LN to on chain (or vice versa). I'm wondering if if that's the same as you're talking about or if more fees are involved.
What's stoping you from doing it ?
My ignorance.
I appreciate your help here. This helps.
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21 sats \ 1 reply \ @AGORA 5h
Look in ~lightning
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Makes sense. I've never dug around there (evidently, I should).
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It's always good to where to ask. SN is indeed the right place to learn
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stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.
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