Post
Topic
Board Development & Technical Discussion
Merits 1 from 1 user
Re: Lightning Network: If your whole balance is very low, can you spend it?
by
achow101
on 03/01/2018, 18:45:43 UTC
⭐ Merited by ETFbitcoin (1)
Still don't understand how would you spend 0.00001 if you cant you can't even open a channel with that amount.

Now you can't spend it because fees on chain are bigger than that. Will opening channels be cheaper in the future?
You don't necessarily have to be the one paying the fee. Both parties in the channel can fund the channel in the same funding transaction. So if you only have 0.00001 BTC, you can have the other party be the one who pays the transaction fee. They might do this if the channel is not only for you to buy a coffee but rather that you are also expecting to get paid by this person or route incoming payments through them.