Subnostr

I was able to zap back about 65k of the 100k Zeus required to even play with their wallet. what a mistake. total bullshit. what a racket. set up fee? wtf? then sit on my sats for a day? really. bullshit!! don't waste your time or #sats

learn from my mistake. don't bother. run away!

Beerborn 2y ago

You don't have to pay anything to use the wallet. You get the app, set up the node, open a channel to it and you're good. They say to send at least 100k if you are using the LSP so that you get the lowest possible fee when they open a channel for you.

I don't know exactly the prices for other LSPs, but I'm pretty sure all I've checked so far charge you a fee if they need to open the channel for you. That's part of the LSP business, they lock liquidity into a channel to your node so you are connected to a well connected node to reliably route your payments.

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Discussion

Jim Smij 2y ago

I zapped back the 65k and a handful of little zaps until I got insufficient balance then #zapd one sat away at a time. I never could see my balance. cost me about 30k give or take. worst wallet yet and I've tried them all. I won't be using them and will certainly warn people about it, but hey, if you had a good experience. great. rock on.

Beerborn 2y ago

There's a 10k fee for opening a channel at 1 sat/vB. That fee increases on higher fee environments. And even though they charge you the fee, they add the fee and some extra into the channel, so you have some spare inbound liquidity. The insufficient balance might be more related to the channel's minimum balance requirements. If you don't like those prices, you can connect the wallet's node to other LSP and use it that way, or manually manage your channels without any LSP.

As for the balance not showing, I've never experienced that myself so I can't really comment on that.

Anyway, I'm not trying to sell you on it, just commenting because I'm under the impression that you are mixing the LSP side of things and the wallet itself side.