pull down to refresh

0 sats \ 3 replies \ @frostdragon OP 15h \ parent \ on: Question for everyone who runs a lightning node lightning
So am I just misunderstanding the whole "pay to open a channel to a popular node" thing? Are you able to send and receive payments anywhere?
write
preview
21 sats \ 2 replies \ @Wumbo 15h
I overly simplified my original answers.
There will be an on chain transaction (which will require a fee) to open a channel.
This video help me understand the basics of the lightning network. Some info might be dated but the basics should still be valid.
reply
0 sats \ 1 reply \ @frostdragon OP 15h
Is that a one-time fee, or do you pay regularly? Also, out of curiosity, what do you use your node for?
reply
21 sats \ 0 replies \ @Wumbo 15h
It is a one-time on chain fee.
There might be a routing fee depending on which other lighting nodes your payment is trying to make a payment to. But the routing fee is usually a lot less then onchain fee, which is one of the main advantage of the lighting network.
I use my node to withdraw my custodian sats to. "Not your Keys, Not your Coins"
reply