I want to send 5000 sats from my muun wallet to my alby lightening wallet.
Why do I have to pay such network
fee
#asknostr
I want to send 5000 sats from my muun wallet to my alby lightening wallet.
Why do I have to pay such network
fee
#asknostr
Because Muun uses submarine swaps, meaning that the hold your bitcoin on-chain and when you want to transfer it to a real Lightning wallet, it will swap the on chain for Lightning and then transfer it out.
In a high fee environment it will cost you
Thanks. Is there a cheaper solution?
If you are outside the US wallet of satoshi. If not, alby. Note that those are custodial wallets, after you get comfortable with either one you should look at something like mutiny wallet, where you hold you own keys
I'm aware of the custody issue. I use only small amounts at the moment.
How do I fund alby or wos with low network fees? Or do I have to pay always on-chain fees to fund a lightening wallet?
The best way is to exchange fiat and buy directly Lightning bitcoin.
You can use primal.net app to buy sats for your $ there and goes directly to Lightning , exchanges like cash app or strike.
And then move it to Alby. I do believe that wallet of satoshi has an option to buy directly through there.
With your current stack at muun, I’d say you have to take the cut, unless fees go lower
Because Muun is "not really" a lightning wallet. It uses submarine swaps behind the scenes to switch between on-chain, lightning and liquid.
There must be an on chain element on the muun wallet side, not all lightning wallets do this