Replying to Avatar Derek Ross

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

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SatoRi 2y ago

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

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Derek Ross 2y ago

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.