Those days when Lightning⚡️ was a toy for geeks and couldn't handle large transactions are way behind.
Still feels like magic 🪄
Discussion
whale
Curious, how much was the fee Tony?
It was actually quite high in sats terms - 5k sats. So it was probably similar to an onchain transaction fee. But this was a custodial transaction from #[3] wallet. I can’t seem to find a page that would list those. Planning to do an experiment and see how much such transaction over Phoenix will cost.
It is quite high percentage-wise too. 0.25% or 2500 ppm but it being a custodial transaction, I quite understand why the fee is so high.
Good luck with your experiment, achieving a fee rate between 30 - 447 ppm (the median & the average as reported by mempool.space) should be expected when transacting non-custodially. I've heard that some set a feelimit to a ppm they feel comfortable with. Say 100 ppm. Seems reasonable, especially with small payments.
PURA VIDA 🤙