Replying to 516add19...

I just need it to store then move my sats to cold storage. It does this perfectly. When fees were high on Muun, they were high everywhere else too. Everyone was complaining lol. How else can I do what Muun does without paying to open a channel? I cant find a single wallet that can go from lightning to on chain into my cold storage for no cost besides normal transfer fees. All other wallets are either lightning only, on chain only, or pay to open channels to do what I want. Im willing to switch, i just cant see the reason to spend more sats than needed. I have tried phoenix, bluewallet, etc. All wanted me to open channels.
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Zach⚡️ 2y ago

Cash App offers that feature.

You’re free to use Muun - all I’m saying is that the reality of the situation is there is no way to go from onchain to lightning while paying no fees unless you are using someone else’s liquidity. And that model is less efficient and requires more trust and ultimately more on chain transactions.

I used to use Muun. I tried to send a friend his first Bitcoin payment back in May in exchange for him buying me dinner. But the payment failed, and I was only able to send on chain (which would’ve had a $25 fee)

Fees spikes like that matter much less if you have real lightning channels

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516add19... 2y ago

I get what you are saying.

Cash app is not available in Canada. Dont they require KYC anyway?

I do want to switch away from Muun. Enough people that know more about Bitcoin than I do complain about it a lot. So I trust them. I just want a frugal solution when available.