Muun wallet fees. Just an email and password are enough to login.

Muun wallet fees e. We always use LN, they even have no idea about 10 minutes blocks or high fees. If no route can be found for this price, the fees will increase gradually up to a maximum of 12 sats + 0. Are there any other options available for withdrawing funds from this wallet? Lightning solves this problems, but most people doesn't want to have a dedicated wallet for Lightning, Muun is the only onchain wallet that can pay Lightning in the same way you pay onchain, so you can purchase instantly at Bitrefill, without issues, and paying 10% of the fees you pay onchain or less. Like, 172 sat for a lightning payment. With Onchain transactions it was worse all around. Muun is a regular Bitcoin wallet which can also pay Lightning invoices. Make fast and cheap payments. 0 with support for sending lightning payments. I use Muun to introduce people to Bitcoin. Save up to 30% in fees with Muun’s new mempool-based estimator. 75% cheaper, on average, for the same precision. - Fully self-custodial: Muun is a self-custodial wallet meaning you are in total control of your bitcoin. I did a tutorial for Muun Wallet That's bass-ackwards, as it discards all of the reasons for using Lightning, namely instant confirmation, cheap fees, meaning ACINQ can't claim the bitcoins on chain without completing the Lightning Muun: Bitcoin Lightning Wallet Review - How to save on fees Muun: Bitcoin Lightning Wallet Review - How to save on fees - Create lightning invoices @piecoverMuun App Link: Muun Wallet. After some. On the other hand, I expected to see a fee of 220 Sats and a rate of 1 sat/vB on Optimized Fee Estimator: Muun Wallet employs a mempool-based estimator that aids in paying more efficient transaction fees. Fees vary throughout the day. Reply reply downloading and using muun I copied the lightning address from WoS to Muun and sent the satoshis which appeared in my MUUN Wallet after 39 to 45 seconds later. Look for wallets that offer low or no fees for Lightning transactions. " I am using Muun Wallet. BTW: the real Phoenix wallet is a very good wallet. Ended up costing me about 1$ to send 20$ CAD worth of sats. Having said that, Phoenix has a much more mature payment channel implementation than Muun, with neat features like trampoline payments. Pero dos años después, - Smartest bitcoin fees: Muun's mempool-based estimator gets your transaction confirmed fast without overpaying. Submarine swaps can also be useful for cases where users need to move part of their money on-chain to off-chain, and the other Muun Tutorial Starts: 3:30 (with backup) 5:50 (without backup) 0:00 Intro 0:25 Why Muun?0:45 What's a Bitcoin Wallet? (Skip ahead to tutorial (5:50) Muun Wallet is a self-custodial wallet designed for both Bitcoin and the Lightning Network, providing a simple yet powerful interface for users . Also, you should be able to view how much fees will be levied while paying. Sent some on-chain satoshis from Electrum to my Muun wallet at 4. Option 2 is the wallet where you control your channels. You can even connect your own node to it. Hi I just made a 2903 SAT payment from my Muun to my son's Bluewallet. If you are tired of paying a lot in network fees and still waiting for confirmations, this guide is for you. Then I will send from strike to Muun which I - Smartest bitcoin fees: Muun's mempool-based estimator gets your transaction confirmed fast without overpaying. Small amounts (~0. Save an average of 30% You have 1 amount in your wallet and the wallet can make the difference if it's a standard Bitcoin or LN transaction. 1 sat/vB about two hours before time of this post. The fees are difficult to see and should be - Smartest bitcoin fees: Muun's mempool-based estimator gets your transaction confirmed fast without overpaying. Cross-Platform Accessibility: So I was getting my dad/brother set up with lightning wallets so we could pay each other and when I went to do a test transfer to my dad's new LN wallet, Muun was calculating a fee of about 52 cents. You can choose to send the remaining amount from the wallet when doing an onchain transaction. Phoenix wallet is dependent on the ACINQ lightning node. I have no idea where that high a fee is coming from. I installed it yesterday and used the default settings. a. Firstly, Muun has key usability features. 01% of the amount sent. That's more than 10 times the fee rate of a real lightning wallet. Muun Wallet does submarine swaps. I guess it depends The Muun wallet is an electronic wallet integrated with the Bitcoin Lightning Network, a protocol built for Bitcoin users, so transactions are faster and fee If you are tired of paying a lot in network fees and still waiting for confirmations, this guide is for you. 18 votes, 18 comments. Muun is the most expensive way to use lightning. 18 votes, 51 comments. What I did was simply to withdraw from Binance exchange to Blink wallet and from Blink to Muun and then to my On-chain address and here's the walk through: Withdrawn 5000 sats from Binance to Blink: 100 sats in fees Sent 4975 sats from Blink wallet to Muun wallet: 25 sats in fees Muun “miner fee” - 5% . 15: Muun is a powerful multi-functional wallet designed for bitcoin and lightning network. This transpar Muun’s fee estimator is 23. There are high Great wallet, but you have an LN and a Bitcoin Wallet. Muun 2. Follow the steps to backup your wallet. It was one of the first easy to use non custodial wallet for the masses. Muun is a mobile bitcoin and lightning wallet all in one that's beautifully designed w In today's video I provide a tutorial and overview of the Muun Wallet! I suspect they close it into a wallet they control, and you have to use some emergency backup info from your wallet to reclaim those sats into an address you control (probably another on-chain transaction, so minus fees again). Just use Muun Wallet to receive Lightning and send Bitcoin into your Ledger. They make some of the fees for this back by charging really high fees to users sending to a Muun wallet. The discussion if it's a "real" LN wallet or not isn't very meaningful. Contact; Blog; Pay fees as low as 1 satoshi. Muun wallet users pay an onchain fee every time you send/recieve via LN Muun is not a true LN wallet. Then I discovered Muun and Phoenix. These Steps Are Best Practice:. User reviews available. Although Muun wallet supports Lightning payments, it is not a "true" Lightning wallet as it utilizes submarine swaps for lightning payments which incur on-chain fees in the process. I am not familiar with muun but maybe they allow replace by fee (rbf) or child pays for parent (cpfp) which would allow you to pay a higher fee and get confirmation. Muun is a 2of2 on chain wallet that does submarine swaps to make lightning seamless. But, Explore Muun Wallet for a secure, user-friendly Bitcoin experience. These are the payments I did and their network fees (all amounts in sats): So, for a total of 5 The Muun wallet does not charge processing fees but you’ll have to pay the standard network fees (transaction costs) which go straight to miners (Muun does not get these fees). This is good, but you can do cheaper. The Muun wallet does not charge processing fees but you’ll have to pay the standard network fees (transaction costs) which go straight to miners (Muun does not get these fees). However, Muun’s fee estimator allows you to select from various transaction fee categories based on your desired speed for Bitcoin transfer. NOTE: when you pay or receive via lightning on muun they do an onchain swap, so you pay onchain fees, Blink, Muun Wallet, Phoenix, and Wallet of Satoshi and others apply different fees to their transactions. More efficient fees means not overpaying when it Fees. I cant choose to send the rest of my funds from my lightning wallet. Muun and BlueWallet both charge fees for transactions. Muun tries to mitigate the usability problems of LN with some swaps, but it's expensive now. They have 2 wallets in 1: a standard Bitcoin wallet and an LN wallet. The Muun is a self-custodial wallet for Android and iOS. you can use an exchange like fixedfloat to exchange it from your btc wallet to your ln wallet, and then use fixedfloat again to transfer it from your ln wallet to a new btc wallet (one that you havent connected to a kyc exchange before). Muun is a multisig wallet with lightning support, so backing up a mnemonic alone would mean your bitcoin could be easily frozen. Since Muun is effectively an on-chain wallet, the highest fees were when sending from Muun (144 sats average – counting both Android and iOS version). Sort by: I've had that too once, probably delay in calculating fees during transfer or something. We got a lot of feedback during this My Muun fees are often 200-250 sats (yes for LN, not i chain). I make this payment weekly Muun Wallet. Muun is a I. Get the muun wallet (it's a noncustodial wallet app, you generate a seed) and use an exchange that allows withdrawal to LN. It’s not a normal lightning wallet, but imho is the best of both worlds. I don't see in this picture how the fee is higher than the amount. Cash out on Bitcoin on-chain is ≈$15 atm on kraken. I thought the whole point of lightning and bitcoin was little to no fees, After checking my Muun wallet after a year of crypto break, I see I have a negative wallet. Muun Wallet: 9. It has three backup options: an email backup, an alternative backup with a code, and an A Bitcoin Lightning Payment travelling over the Lightning Network. What do more efficient fees mean? Not overpaying when it isn’t needed, nor Muun and BlueWallet both charge fees for transactions. Anyways, if you want to do small payments from time to time you might be better of with a custodial wallet like Wallet of Satoshi, if you want to use it for savings then a Muun and hardware wallets are perfect complements. I definitely need to read up on lightning though. And all of them are 100% non-custodial. Funding Users of the Muun wallet, which utilizes both the bitcoin and lightning layers to process transactions, have been charged high fees, particularly those employing it for payments at South African 33 votes, 62 comments. Lightning Network Integration. It was a Lightning to Lightning transaction. I used my Muun wallet to send to his hot wallet. I use muun so stack sats with lighting from different sources, and then I send those on chain paying the minimal fee 1 sat/vb to my cold wallet. So, what's your go-to cryptocurrency wallet and why? I use Bitbox02 for savings and Muun wallet for payments via lightning So, let’s say you will receive x amount of lightning transactions, At the end of the week, you can transfer all your funds to an on chain address inside muun, and that way you are sure where the funds are. The only reason I'm using muun with lighting is the promised lower fees. Image via Muun Wallet blog. It's pay the negative or reinstall I quess. If they are all on-chain that should not be possible Withdraw via Lightning to Muun wallet, zero cost, near instant. This is the case for wallets such as I decided to try out the Muun wallet. The wallet is available for Android and iOS. I downloaded it to try it out, While you still incur in on-chain fees, the payment flow is similar to one on-chain and payments can be instant (depending on the implementation). Phoenix is the only (of the list) non-custodial full LN wallet. The Bitcoin Lightning Network is a decentralized network of nodes that sits on top of the base, Muun Wallet 2. (Of course, in a later stage, I will explain them basic bitcoin operations) Now I only use Muun. It is simple to set up and secure with advanced features like multi-signature and hierarchical deterministic wallets. AppBrain ★★☆☆☆ Without warning their fees to send are ABSOLUTELY BONKERS CRAZY HIGH I thought lightning was supposed to be low fees. [graphics, WIP] 2️⃣ Securing Muun First off, Muun is not a lightning wallet. Muun utilizes a mempool-based estimator to suggest the most appropriate fee for transaction validation within a specified time frame, typically 30 minutes. Imagine a scenario where bitcoin fees skyrocket (yes, now they are high, but 10x them). afaik, yes, that will obscure it. I want to periodically move it in a non-custodial wallet since they allow free withdrawals. crazypostman21 • my pros and cons, It's a very easy to use wallet, The fees are higher than others. I know fees are super high right now, but I didn’t know lightning was affected as well. Other than that, it's a very simple and easy wallet to use for beginners. Muun is the best choice is you still want to use onchain transactions Breez, Blixt, Phoenix and SBW are the best choice if you plan to use lightning only. #4 — Muun Wallet. According to Muun themselves, this design is a result of prioritizing user security. I sent 10,000 Sats to a BTC wallet. Whereas Bitcoind and most of the other fee estimators suggest fee rates based on past Muun's estimator allows you to pay more efficient fees for your next-block transactions. The difference in fees makes Phoenix the winner so far. Muun is designed for people who use at least a small portion of their bitcoins. They were clear about what they were doing with swaps which made it really easy for new users but with high fees. Then I attempted to exchange sats on lightning network using FixedFloat with abnormal LN fee and then to see message "This payment is waiting for an on-chain confirmation. I have to make a request for the amount left and hope the fees line up. Install Muun Wallet on Android or iPhone. My research shows that: Munn wallet is a non custodial, Bitcoin only wallet supporting both the Bitcoin Mainnet and Lightning Network. Of course funds stay on-chain, they have nowhere else to go. You can test this by doing any LN transaction, then use the recovery They also subsidize your on-chain fees early on, but after a while you’ll start seeing some crazy high fees, especially when the mempool is full and competitive fee rates rise. I sent an on-chain transaction and not a Lightning one. Muun's lightning wallet is considered self custodial. Reply reply Muun is a self-custodial wallet for Android and iOS. Muun wallet is open-source, which means that anyone can view, audit or contribute to the code. Wallet of satoshi is custodial but is the only wallet with full LNURL integration so maybe consider it if you plan to receive payments constantly. You can use any Bitcoin wallet to do a submarine swap and it will be way cheaper than the rip off fees that Muun charge. Use Kraken PRO to buy, then withdraw via Lightning Network to Muun wallet (fee is 0), then send from Muun wallet to cold storage at 1sat/byte, which usually costs around 230ish sats. Pay fees as low as 1 satoshi. With over 100,000 mobile installs, Muun is a popular self-custodial Bitcoin wallet that offers user-friendly features and flexible transaction fees. Share Add a Comment. The fee is also dynamic and allows you to decide how I’m not familiar with Muun wallet, but I wouldn’t store a large amount of BTC in any single wallet. – Smartest bitcoin fees: Muun’s mempool-based estimator gets your transaction confirmed fast without overpaying. Save an average of 30% compared to other wallets. What is the cheapest way to store bitcoin off an exchange in a If they say onchain give them the bc1q address Muun Wallet generates for you under the "Bitcoin" tab. MUUN is supposed to do the conversions from the LN network to Onchain and vice versa, and of course charge its fee for its use, but it should not be as high as the So i have muun, blue wallet and phoenix and im just not sure of which one the community thinks is the best, id love to hear your feedback and your With enough bitcoin, and some strategic channels, you can route payments to cover your fees, and use lightning essentially free. Just check their fees before you pick, some may charge fees per payment or per deposit. Because I do not like Strike’s lack of security features I have been transferring funds over to a Muun wallet. Haven’t tried it myself as it’s not on the iPhone yet so to me that’s a disadvantage 🤣🤣. What I do is to convert with fixedfloat my BTC LN to LTC or any other shitcoin with low transaction fees (BCH is excluded ofc) then I send them to gemini, I instantly dump them for BTC and withdraw them to my wallet. All the non-lightning stuff: multisig, multi factor auth, mempool-based fee estimator, etc. The wallet that I used was Muun. This estimator gauges the current state of At this point, you should see option to create a new wallet, then capability to Receive or Send bitcoins on the wallet tab. In my experience with it, it has a pretty terrible UX for a number of reasons: It’s not really a lightning wallet, all funds are on-chain and it just Non-adjustable fee to go from Muun to SBW was 4 Sat. Muun and Wallet of Satoshi employ different fee structures and methodologies for determining transaction fees. As you learned, the first fee on a new muun wallet is cheap. BlueWallet does not have a fee Muun users can now benefit from paying more efficient fees on transactions that they want to be confirmed in the next block. Nobody, not even Muun, can access your money. I have no issues with First Direct. Muun Wallet also has some interesting features not found in other wallets. Quick setup, lightning network, open-source, sleek interface. Avoid them. Thanks Muun team. Best practice is to never keep large amounts in any single wallet Learn how to use Muun Wallet - a user-friendly mobile wallet that supports Main Chain Bitcoin and the Lightning Network all in one place! Self-Custody your c This makes Muun essentially an on-chain wallet with some Lightning capability, but without enjoying the two main selling points of Lightning, which are low fees and instant payments. However, I question the logic behind spending time developing a wallet if we end up with such high fees. Muun is a Bitcoin wallet that makes Bitcoins easy to send, receive, and store. Lightning Network fees are already low, but some wallets add their own charges. But if you use Lightning its free. That's how Bitcoin works. Reply reply Hi, I am new to non-custodial wallets and was looking into Muun. Muun also has advanced security features that keep your money safe even when you don't have your Muun wallet or device with you. There are better options now though in Straight forward to use, nice UI and transparent about the fees. Muun wallet is expensive garbage. Though the suggested fee for that was way higher than the fees going through at the moment. While Muun facilitates Lightning payments, it doesn’t fit the strict definition of a Lightning wallet. Using dynamic mempool data, users can strategically optimize transaction fees by finding a balance between No technical knowledge required, no loading of a lightning wallet or waiting for channel opening, zero channel management and no split balances between off and on-chain wallets. Both Muun and Phoenix support the Lightning Network to provide faster and cheaper transactions. But, I see that all my assets are gone now. Munn Wallet cost and fees: Muun wallet is free to download and install. As you accumulate more bitcoin, use a signing device, commonly referred to as a hardware wallet, for enhanced security Muun: Bitcoin Lightning Wallet Review Muun: Bitcoin Lightning Wallet Review - How to save on fees - Create lightning invoices @piecover BITCOIN tips: - Alby: https: After you’ve created your Muun wallet and written down your backup phrase, it’s best practice to test and learn how to use and recover the wallet. That said, What’s Muun wallet? Muun is a bitcoin-only, self-custodial mobile wallet. Since the latest release, if the payment amount - Smartest bitcoin fees: Muun's mempool-based estimator gets your transaction confirmed fast without overpaying. Use mempool. But technically, there will be an on-chain transaction involved when using submarine swaps, even though it is not directly initiated by the user. Fee Structure. We aren't subsidizing any fees. BTC and LN in 1 wallet, gosh, so relax. Then only one onchain fee and it's cheaper because you left some balance in the muun wallet. Wallet of Satoshi Fees vs Muun Wallet Fees. When you make a lightning payment in Muun, the first hop of the payment (on-chain) goes from your wallet to Muun’s swap server. There were also Humongous Fees on Muun Wallet . I have a couple questions, I would like to ask the experts here. Why Muun Wallet? There are several reasons why Muun is the best wallet for the trial. Self-custodial wallet for bitcoin and lightning. As a user, you have no control over the fees when using the Muun Wallet, as managing the Lightning Channels is completely up to Muun. A lot of people mentioning hardware wallets, same thing applies. With countless options available, finding the perfect wallet is daunting. So, when using Muun Wallet, you will still experience the benefits of the Lightning Network in terms of speed and lower fees. In addition, Muun Wallet provides optimal fee management by utilizing a mempool-based fee estimation system. I’m puzzled. Recently I've been testing Muun Wallet, which is a non-custodial, open-source, on-chain and Lightning Wallet. Muun wallet fees for lighting are super high for me, is there a better lighting wallet? I haven’t used my Muun wallet in a while, and I just opened it up to pay a friend of mine using lighting. Muun uses submarine swaps to pay lightning invoices which requires an on-chain transaction, plus the lightning fees making Muun the most expensive lightning wallet, often charging more in fees than a regular on-chain transaction. Stop overpaying fees. Muun is a self-custodial wallet for bitcoin and lightning. This explains why Muun has SegWit enabled, bringing reductions in Bitcoin’s fees. Muun's mempool-based estimator gets your transaction confirmed fast Non-Custodial wallets that manage Lightning channels for you (And custodial ones too), charge you higher fees when they need to open a new channel from whatever node (s) you're connected to. Munn is the perfect solution for both beginner and expert Not sure why everyone seems to love and recommend Muun Wallet to people. Just an email and password are enough to login. That said, Muun is a multisig wallet with lightning support, so backing up a mnemonic alone would mean your bitcoin could be easily frozen. Sent some larger transactions for 1 sat. ‎Muun es el monedero más poderoso de bitcoin y lightning network. Regarding Muun Wallet's fees, most transactions typically cost a few SATs, comparable to other Lightning Wallets. Muun Wallet Fees vs BlueWallet Fees. Eventually the transaction will get dropped out of the mempool, or you can ask muun what they suggest. I've made a quick attempt to test this workflow and it worked. I chose the fee rate of 1 sat/vB (total 220). They use submarine swaps, and eat some fees in edge case transactions. Also, with all the submarine swaps that are happening, your wallet will soon be littered with tons of tiny UTXOs that will be expensive to move all out. Self-custodianship is at the core of everything we do, so this wasn't acceptable. Non-adjustable fee to send from SBW to Muun was 15 Sat, but even though I used MAX send, it left 37 Sat as dust. Muun Imagine a scenario where bitcoin fees skyrocket (yes, now they are high, but 10x them 2019, we launched Muun 1. That's why I read complaints about Muun Lightning tx can suddenly get a higher fee. Their customer support is available in both English and Spanish. (I miss 1sat transactions) If your bank doesn’t allow you to deposit to Kraken Pro, get a new bank. Edit: I see the Muun Yes, Muun Wallet have tested the wallets and they pass all the checks. space to check for the actual fees. Muun is a self-custodial wallet for Android and iOS. I am using the Muun LN wallet, it’s amazing, great guys behind it, Reply reply More replies. 1% net worth) — use a Mobile Bitcoin Wallet. I love Muun. You will still have your funds in one single wallet in Muun, and the whole payment process is the same as an on-chain payment, except for two differences: 1) most payments will be done instantly 2) different fees will 30 votes, 42 comments. 7. So for now I'd recommend Phoenix, even though I was recommending Muun up until yesterday. I don't get the hate either. Interesting, but I still cannot comprehend how that is possible, since all the LN txs I sent had 1 sat fee. Send and receive instant payments using the Lightning Network. Beginner: Muun Seamlessly integrates Bitcoin and lightning; Intermediate: Blockstream Green; Medium Amounts (~1-30% net worth) — use a Hardware Bitcoin Wallet. Well low fees to send Fee selection; Great separate transaction screen that is easily findable in the wallet tab Muun wallet is a super lightning wallet that is usable by anyone new to crypto and experts alike. Unlike other mobile wallets, people can use Muun without needing to understand a ton of Bitcoin-related concepts like seed phrases, addresses, QR codes or technical language. Examples are Phoenix or MUUN wallet. I have been auto buying btc on cashapp since it seems to offer the lowest fees (other than swan) while having an auto buy feature. Scan and pay on-chain off-chain with bitcoin. LN has issues, Muun choose a method to deal with it, but the fees are too high (10-20% for for some reason when i sent money from my phoenix wallet to a friend muun wallet, the fees were higher than normal. However, because Muun automatically opens new payment Muun is an interesting twist of using submarine swaps to do LN payments, unless they changed something recently that I missed. Platforms: iOS, Android; Lowest Transaction Fees: Make sure the wallet has minimal fees for on-chain and Lightning network payments. 3%. The fees in the Phoenix wallet are not bad: Here are the fees for various operations on Phoenix: Sending LN payments: as low as 1 sat + 0. Download Muun: Bitcoin Lightning Wallet for Android: a free finance app developed by muun with 100,000+ downloads. I understand that Muun Wallet isn't actually a lightning wallet. Muun users have one single wallet with Bitcoin’s full power: on-chain and off-chain transactions. I know it's PITA and then there's two fee, but BTC network fee's are fair IMHO. The transaction fees are still going to be as high as using layer 1, but I have heard that Muun subsidizes the fees to make itself look more viable than it actually is. I agree about the cold wallet for larger amounts. More efficient fees mean not overpaying when it isn’t needed, nor The Muun wallet is an electronic wallet integrated with the Bitcoin Lightning Network, a protocol built for Bitcoin users, so transactions are faster and fees are low to non-existent. Muun users can now benefit from paying more efficient fees on transactions that they want to be confirmed in the next block. Bitcoin network fees have been gradually It's a lightning network wallet, Layer 2 protocol meant to use for day to day transactions with very low fees. Los aspectos más destacados de Muun incluyen: - Pagos rápidos en Lightning: envía y recibe pagos instantáneos utilizando la úl Custodia propia en Muun: ¿por qué no sólo una mnemonic? Explicado brevemente: Muun utiliza scripts avanzados de bitcoin para su modelo de seguridad (con multi-firma), y para permitir transacciones instantáneas y Hey, Muun's CEO here. These include: Lightning Invoices expiration from 1 hour to 24 hours; - Smartest bitcoin fees: Muun's mempool-based estimator gets your transaction confirmed fast without overpaying. So, I was expecting that my wallet would have 280 Sats remaining. - Fully self Why is Muun's fee estimator more efficient? Muun's estimator allows you to pay more efficient fees for your next-block transactions. Run Muun and create a login PIN code. Accumulate in muun every week and move about 80% of the balance when you have over $1000 worth in muun. If they say Lightning give them the lnbc1p invoice Muun Wallet generates and tell them the invoice expires after 24 hours and to request a new one if that time elapses. Its simple interface makes it easy for beginners to use. Es simple, rápido y seguro. - Fully self-custodial: Muun is a self-custodial wallet meaning My Muun fees are often 200-250 sats (yes for LN, not i chain). You can manage the fees by your own. 3 out of 10 points. The protocol is non-custodial and features a user-friendly interface that places all vital data at a Tutorial: Muun wallet for instant and cheap payments. What set it apart: Muun Forgive my ignorance, but can someone break down for me in simple terms why I would use Trust Wallet and/or Muun Wallet? I already use a Ledger Nano for my cold-storage, and clearly it's intended as a bank vault which you should consider off-limits/HODL-coins, but hot-wallets have nuances I'm still grappling with. The wallet’s user-friendly design Thankyou for confirming that Muun is an absolute rip off with the fees they charge. What I’m curious to know from you all is at what point should I move those funds over to my cold storage? The fees you’re referring to are the fees Muun has to open channels to you behind the scenes. When I deposit via lightning into my phoenix wallet I'm paying 1% fee for Now I tried using muun for this in between storage on lightning and it seems to take a much smaller fee (1000 sats). Breez wallet, like Phoenix wallet, is dependent Back-up wallet via e-mail and password – if you forget your PIN, lose your phone or it gets stolen, you can recover your Muun wallet via an email address and password Recovery Phrase – this is a randomly generated code While you still incur on-chain fees, the payment flow is similar to one on-chain and payments can be instant (depending on the This is the reason why we implemented submarine swaps in Muun Wallet. it will cost a few dollars for each exchange, and it takes a bit of time, but it’s - Smartest bitcoin fees: Muun's mempool-based estimator gets your transaction confirmed fast without overpaying. You will nevertheless pay the highly variable transaction fee every time you send cryptos out. Therefore, before confirming any transaction, ensure that you won't pay excessive fees. 0 is a complete rethinking of the wallet based on what we learned with Muun 1. true. It'll save you heaps in fees. Since then, many people have started choosing Muun as their main bitcoin wallet while recommending it to their friends and family. We are thrilled to announce the release of Muun iOS, a non-custodial wallet for Bitcoin and Lightning Network. All I can say is it is very reasonable and very necessary to make everything "seamless". And maybe it will come down with competition. Muun offers fee selection capabilities, support for Bech32 addresses, and a native app for easy accessibility. With Muun, all funds are on chain. With gemini you have 10 free withdraws every month so you don't have to worry about fees, you will Sin hacer ruido, a principios de 2021 apareció Muun 2. Muun supports the Lightning payments to send and receive bitcoin in seconds, with very low fees. Moon is not my main wallet, I just decided to give it a try. But you have to pay a fee for the "work". The submarine swaps Muun does aren't anything special. For example, you can open a new wallet in Muun, receive a few sats via lightning, and then send those Bitcoin to an on-chain Blue wallet is custodial on lighting. Plus, Muun didn't charge extra fees. Do not forget your PIN. It’s an on-chain wallet that just interacts with the lightning network via submarine swaps. While sometimes 0 or 1. 0. Safety, transaction fees, speed – there's a lot to consider. Send from Muun wallet to cold storage at mempool minimum fee, last I checked I think it was 16 sats/vByte. You can do it directly with fixedfloat but it will cost you 20k satoshi. Hardware wallets have been hacked as well. Muun is great as a proxy. Wallets only store keys. Keep your money safe. This is why some ln transactions have a higher fee. 0, una wallet móvil que se convirtió en el estándar mundial de todo principiante. Submarine swaps are non-custodial no matter which Bitcoin wallet you use. [1] Muun is a self-custodial 2-of-2 multi-signature wallet for bitcoin and lightning. As you may know, Muun’s interface is dead simple, you cannot change anything, except for transaction fees (probably they should remove this feature as well to keep idiots like me safe). This wasn't a funding on-chain transaction, as there were already sats in the wallet. In Muun you don't have to pay to receive a lightning payment when you don't have a channel previously opened. All crypto is stored on chain. You will pay a fee for that but because it is to yourself you can put the fee at 1 sat/ byte . Some wallets like Muun for example have the ability to send and receive on-chain and lightning very smoothly. It cannot be reset. when I send money to bitrefill or other online store from phoenix, I never pay more than few sats. This isn’t sustainable and gets expensive since on-chain transactions are needed for submarine swaps. Sent a friend some sats last night to settle a bet. And the fees on lightning are ridiculously low. It's ok if it changes, that address will always be linked to your wallet. 1: Is the muun wallet is Good as It seems or is there a catch So my plan is buy Bitcoin with strike which has no fees. I think Muun’s lightning fees are about 2% now that I’ve been trying it out, which feels high for LN, but then again, their channels seem to have lots of liquidity, so maybe that’s not insane. - Smartest bitcoin fees: Muun's mempool-based estimator gets your transaction confirmed fast without overpaying. One wallet, one way. Usually I pay 26 cents to cold store my sats. SBW is not Phoenix, so don't automatically correlate the two. So, a friend tried to send sats to me, and the fees were like 3500 sats. I had to pay 6% in fees. Muun fees can be quite high compared to a dedicated lightning wallet using a full LND node like Blixt wallet uses. Muun and hardware wallets are perfect complements. In case you want to transfer Bitcoin from the Muun wallet is dependent on the Muun lighting node. I guess you could buy with Strike ("no fees"), then send to Muun (to convert to lightening), then send to "Wallet of Satoshi" via lightening. The Muun Wallet entered the market in 2019 as a secure and transparent open-source LN-capable option. No, you don't pay anyone to accelerate you transaction. Was surprised it can show a negative. Brindamos la mejor experiencia de usuario para enviar y recibir bitcoin (BTC). Dario Sneidermanis Dario Sneidermanis 21 Oct 2019 • 2 min Muun is a self-custodial wallet for Android and iOS. I had a total of 10,500 Sats in my wallet. I tried Phoenix wallet and had very high fees too. They have predatory fee structure designed to make you overpay. Make all payments from a single balance. jrftvk imrwfj rdtdya piqlsmfd lehg jduci dncbmxri acc xbsa vmizt