Quote from: mocacinno on Today at 08:06:56 AM

Quote from: vapapgr on Today at 07:42:36 AM

--snip--

Got it.
Still 1 question. When i open channel in Phoenix wallet i use 0.30 $ for 500 $ inbound/outbound. Is it so expensive like15$ to open a channel on your own LN node?

Opening and closing channels happens trough an on-chain transaction. At this moment, you'll have to pay ~40 sat/vbyte to get into the next couple of blocks... But the fee fluctuates quite a lot... So, yeah, at this moment in time a $15 fee would be possible...

Side note when it comes to fees. IF you have funds in the on-chain wallet that is attached to your LN node then that is one thing.

IF you are following good security and don't keep funds in it then it's 2 transactions. Once to the wallet and the 2nd to open the channel. I do not keep funds in my on chain wallet that is on my node. So if I want to open a channel I 1st have to move some BTC to it.

Although I have had no issues with my node it's still somewhat beta so there is the possibility that something could go wrong.

I do have a backup of the wallet.dat file that my node uses so if it really dies I can get any on-chain funds off, and regularly backup my channels but the point is still there. Do you want to spend more time then needed recovering funds that could have been safer elsewhere.

-Dave