I quickly tested nostr:npub18ull0tdnj9vugtq259k48szg80al44ta7g4fa85nvj3svaq7kt8s9udcl9 wallet to understand the fee structure, since I cannot find any details about them.
I received 5k sats and there was a 60 sats fee (1,2%); another 5k transaction, another 60 sats fee. So I suppose it's the standard incoming fee.
Transaction's details have some interesting data about the fee: Network fee: 47 sats + Boltz swap fee: 13 sats. Here you discover that it's not a typical Lightning wallet, but something more similar to Muun.
So my balance is now 9880 sats.
Then I tried to pay out.
Using the full balance failed since it required a fee of 48 sats (split here too between Network fee and Boltz swap), so I lowered the amount to 9832, but it continued to block the transaction, lamenting insufficient funds, even if the sum seemed fine. I did a couple of tests lowering the amount, and I was able to send a 9800 sats transaction. At the end I saw that the fee was actually higher, 63 sats (0,6%).
So my wallet was left with 17 sats. But I was not able to send them because "Amount below minimum swap limit: 1000 sats".
Final toughts:
- The wallet's UI is polished and well designed
- Receiving fees are quite high; they should be explained in advance
- There is a bug in the display of sending fees (it should at least say “approximately”)
- For someone that already used LN, these references to swap (and related costs) can be really confusing
- So is 1000 sats the minimum possible transaction? Unexpected.
An informative onboarding or a contextual help could be really useful, solving many users' doubts and so alleviating most frustrations.
One more thing: please let the user empty the wallet, or at worst, increase fees in a creative way! Have sats stuck in a (test) wallet is something that generally irritates users.
/cc nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx since he uses this wallet, and maybe he can correct me on some points.
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Replies (5)
yes, its basically muun but liquid at rest rather than onchain, so fees are lower and privacy is better
there is a max button in the swap menu that swaps the full balance out minus fees but agree that ux could use some work
I love the backup solution they have invented https://recoverbull.com this + the ui from muun wallet and at least for me this would be the ultimate wallet I could recommend everyone I orange pill.
Lightning confusing sometime . Bitcoin is more reliable as it peer to
Peer - from
The BTC address to another BTC address in the blockchain .
Lighting on Other hand is on nostr protocols which is not the same with the block chain . Nostr protocols is different than the blockchain protocols .
Update to the latest 6.2.4
All fees related to swaps are accurate in this version. Still maybe a bit of overload on information but its all there and its accurate.
We actually do plan on creating a wizard that will help first time users.
I used v6.3.0 in the tests.