Noerms @noerms - 2y
Has someone already tried sending btc from #[0] back to an onchain btc adress? -Will it take longer than just the confirmation period? -Are there additional fees? -Is sending to native Segwit supported? #plebchain
69074 - 2y
I too wanna know. Tag me answers please
e7e08 - 2y
Hatte mal mit Muun gemacht. Fehlerfrei.
Wie hoch sind da fie Gebühren?
d625f - 2y
Yes. Yes. Yes. You can also answer some of these questions by just trying it without pressing send. You will see WoS allows you to use the address. You will see the $2 fixed fee they add. The confirmation period isn’t visible in the app, but it will be longer than lightning.
9bfa0 - 2y
Phoenix is a nice LN Wallet! And it's non-custodial ⚡🐝🤘 https://phoenix.acinq.co/faq#what-are-the-fees
And you can send on chain?
No, but I can if you want to send me some sats for my time. I’ll wait.
No worries just downloaded it and will post results here 🤙
Good. I was hoping you’d choose to DYOR.
This is the way 🤙
I’m pretty sure Muun will be cheaper to send to an on chain address
Humble Bitcoiner @humblebitcoiner - 2y
I can hear you’ve been stacking a lot of sats! Well done 🤝🏼 Stay humble
Also, wait until mempool clears up before thing to send with low fees. It’s a bit loaded now.
Not very much. Just found out WoS is custodial =/
Thanks for the good advice 🙏
Yes, they will make a Swap-Out then. It's discribed in the FAQ I sent you 👍. The onchain Wallets from BlueWallet are non-custodial too. But LN on BW is not. So maybe a combination from BlueWallet (onchain non-custodial) and Phoenix (LN non-custodial) is a good choice. Phoenix is able to send and receive onchain AND LN.
Yup that’s true! That’s why I only hold a very small amount on that and the rest on cold storage
How do you on and off ramp WoS?
I only put some sats on WoS. Never off. But don’t think it’s impossible. Only you’ll have some fees ofcourse..
Thanks for the hints 🙏
7b394 - 2y
Let me know if Phoenix want 3000 sats for just using their app for the first time.
Pextar @Pextar - 2y
It’s because you have to open a LN channel
Phoenix is creating a real LN in the background. So you can say your device (Smartphone) become a LN-Node with a channel to ACINQ. So yes ... the 3k Sats are needed to use it. But for all the "service" it's a fair price I think. Aaaaand, it's non-custodial and trustless then. Will they close their LN-Node, you will receive your funds back onchain. Will WoS close their Node ... The funds are blown in the wind 😅! I'd always prefer and recommend the safer way 😉
Ok, if you only want to have let's say 10k in LN, maybe it's ok using WoS (for me it's not 😁). But with more Sats in LN it's "worth" to use a non-custodial solution 🤙!
Followed 🤙
