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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.
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TKay 1y ago

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.

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nobody 1y ago

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.

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Powermeat 1y ago

Keep Pheonix in lightning. If you want to send to cold storage, use a swap platform