Post
Topic
Board Electrum
Merits 2 from 1 user
Re: Ugh! How do you send Lightning through Electrum mobile wallet?
by
BitMaxz
on 07/12/2023, 23:30:24 UTC
⭐ Merited by hugeblack (2)
ETA starts out at %12 to open a channel?? Wth! Doesn't that defeat the purpose of using Lightning? The reason I'm using it  is because I don't want to pay the inflated btc fees (thought that was the point of using Lightning, to save on transaction fees). At %12 I could just straight pay with btc. What am I missing?   Undecided

https://i.postimg.cc/Gtk38ch9/image1455hgg66g.jpg

This is the reason why I didn't recommend users to open a channel while the network is congested because you will still pay a high transaction fee.

Even if you switch and import your wallet to another wallet software you still need to pay on-chain fees you can only save transaction fees when your funds are already on lightning.

If you want to save fees I do suggest don't make any transactions today and better wait for the network less congested before you make any transaction.
Use https://mempool.space/ to monitor the current condition of the network.