The transaction was large enough, and my migrated channels were ample ..

Also, to send 1 sat it costs 4 sats!? .. this makes no sense!

As I have said, I don't mind paying fees to a service, but an increase of x5 is asking too much of a lowly pleb .. 🤷🏻

Reply to this note

Please Login to reply.

Discussion

their fee schedule should be as follows:

- only mining fees are due on incoming payments (vs 1%/3000 sat)

- 0.4% for sending Lightning payments (vs 0.05% - 0.5%)

https://bitcoinmagazine.com/technical/new-phoenix-lightning-wallet-beta-reimagines-the-self-custodial-experience

Exactly! .. sending payments at that rate is quite high, don't you think?

With Phoenix, I'm used to paying around 0.1% or less (which I think is reasonable) .. I'm afraid I just can't keep using lightning, paying at those rates, for everyday transactions .. I have to look elsewhere

I don't have much experience besides one test transaction so I guess I can't really comment on this too much besides stating what the fee schedule is supposed to be and how it's supposed to work.

Min 4 sat fee too, confirmed by them when I asked on twitter a few weeks back.