Post
Topic
Board Electrum
Re: What is minimum safe amount of fee that can be set manually in Electrum wallet?
by
HCP
on 03/06/2020, 22:23:36 UTC
Can I use lightning network to solve this problem and send my BTC as fast as possible before the exchange rate drops?
Also, note that lightning generally isn't suitable for sending "large" amounts... for one, it is still in "beta" and putting in large amounts has a higher risk... also, most channels only hold a few hundred thousand sats at most... so, you'll generally only be able to send $10's of $ of value... rather than $100's or $1000's.

Lightning is really aimed at micro-transactions for a few dollars.

Sadly, the fees charged by most exchanges will eat into small dollar transactions quite significantly. Undecided