10 sats \ 2 replies \ @momboteq OP 23 Aug 2023 \ parent \ on: Phoenix Wallet problem tech
Thanks for the explanationđ
I thought it was a transaction fee and it's just a fee for opening a channel.
Yeah! Youâre on the right path now. If itâs not too late, your first transfer to Phoenix should be a large one. Even if you have to send 90% of the deposit back to its original source, youâll now have a nice fat channel open and the likeliness of needing to open another channel, with another on chain fee, goes down.
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Okay, in Phoenix you can set the maximum fee. Should I leave it at 2500 sats or modify it? Do you have any recommended settings for newbies (if you use this wallet of course)?
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