Mine has been fine. You just have to use each wallet for what it’s good for. Muun isn’t a great lightning wallet. Breez, Phoenix, Wallet of Satoshi are better for lightning. Muun is sort of a hybrid wallet. Your balance is on chain and it uses swaps to send sats from on chain to lightning and vice versa. I’ve seen some others post pretty wild fees, so as always your mileage may vary. I’ve just primarily used it as an on chain wallet for swapping in and out of lightning, and it’s worked well for me for that.
Discussion
Right. That makes sense. Maybe some are using it in the wrong way. I dont know. Im so new to all this. I was using Muun as a safe way to hold my btc until I get a hardware wallet. People were saying dont store on WoS. I bought my first small amount of btc recently and put it on Muun to be safe. Just looking for a good place for my btc until i figure out hardware wallet.
Wallet of Satoshi is custodial, so it is not wise to keep a substantial amount of sats on it. Up to each person what “substantial” means. Some are okay with more risk than others. For solely on chain mobile wallets I prefer BlueWallet. It gives you much better control over your funds and transactions than Muun. However, BlueWallet doesn’t perform on chain to lightning swaps like Muun does. So if you send from Wallet of Satoshi to BlueWallet on chain, for instance, you will pay whatever swap fee WoS charges. There are other swap services out there too but with all of them the fees vary, which is why I’ve used Muun for that. Best approach is to learn what each wallet is useful for and develop a strategy that works for you.
Piggybacking off this, I’ve found it fairly cost-effective to go from Lightning to Muun for an on-chain swap, then Muun to hardware, where you can set the miner fee.
Agree you have less (no) control over utxo selection with Muun, but since it’s a submarine swap anyway (which I only partially understand) it gives me a sense that privacy is enhanced already. Well worth the slightly higher LN fees to send into Muun!