I've stopped using Phoenix .. to send a 1 sat zap the fees are 4 sats! Crazy!
It's a shame because Phoenix is a good, solid wallet .. hopefully, they'll make a change for the better in the near future 🤞🏼
This is totally unacceptable to us 😲
Phoenix wallet fees:
A payment of 100 sats
Fee = 4 sats
A payment of 500 sats
Fee = 6 sats
A payment of 10k sats
Fee = 44 sats
We have migrated our wallet to our node's wallet using nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5.
Discussion
Agreed!
Yeah Phoenix is a clean non-custodial lightning wallet but the fees are obscene because you can only open channels to their node so they set the fees. Hopefully Zeus's new built in wallet puts more pressure to compete since, like Blixt, it allows you to open channels to any node.