Nostr Web Client

I created a phoenix wallet. How do i open a large channel?

Under receive, you can select show a bitcoin address. You should see a QR and this message at the bottom.

This is the fee for opening the lightning channel and why this wallet took me a while to begin using. I opened three small channels, all paying the 3000 sats for opening "$10" channels.

And eventually sent an amount I would like to receive to make it worth the fees before sending back on chain in the future.

So I don't want to tell you to send a huge sum and have something for wrong.

But I'm also pointing out that the fee isn't a scam to simply "use the wallet"

Take your time. Keep looking and wait for someone else's input other than only mine. Please. I don't want to feel responsible for lost funds.

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Discussion

poe😱 2y ago

The 12 word recovery is if you need to re-download the wallet, or force close channels you control the key to the on chain address. As far as my understanding goes.

poe😱 2y ago

Also note, you are going to likely want to then transact the sats back to your main on chain BTC wallet. Leaving the receiving capacity open for future receiving, then when it gets full move to the on chain address.

Am I missing anything fellow nostriches?

516add19... 2y ago

No worries man. No pressure on you. I will take my time and proceed when comfortable. Right now there are so many aspect I haven’t grasped yet. Like what on chain even means 😂 Im a slow learner. I’ll get there eventually.