So how am I supposed to get sats? I’m really getting burnt out on losing 30% or better of what I’m trying to get. My bank won’t allow 99% of exchanges, so I literally have to buy BTC on cash app, and send it to my Phoenix wallet, and every step of that takes another chunk.
Discussion
Cashapp over 100k sats is free to move
I see nowhere in the app to send sats of any kind. I was under the impression that they removed it after my sats got jammed in their system for three days.
Phoenix is very bad for DCA. Lightning in general is for spending not receiving.
Maybe buy liquidity from Phoenix once, and use it to move sats.
I have 608,000 sats of inbound liquidity and just lost 10 dollars trying to send myself $40. What am I missing here? I’m fine with it if I’m being stupid, but I need to cure that problem because this is not sustainable.
Keep Pheonix in lightning. If you want to send to cold storage, use a swap platform