Phoenix has been my Favorite Wallet for some time.
@StuffBudDuz Жыл бұрын
Congratulations on being the ONLY KZfaqr who consistently pronounces the world "obfuscate" properly. Great content, man. I'm new to the channel. Now, off I skate . . .
@BradGrayable Жыл бұрын
I really hope Phoenix keeps it together. I keep most stuff in cold storage. I also keep some on-chain funds in bluewallet but as far as Lightning goes... Phoenix is it for me. I love being able to send an on-chain transaction to it and it just doing all the background stuff to switch to Lightning. Takes all the thinking out of it. I'll be visiting the Philippines later this year and I'm super pumped to be using Phoenix for Bitcoin Island.
@outbacktrader19957 ай бұрын
The fees have changed significantly in July 23: The fee model changes: - only mining fees are due on incoming payments (vs 1%/3000 sat) - 0.4% for sending Lightning payments (vs 0.05% - 0.5%)
@nathanshumway9998 Жыл бұрын
using iOS iphone for now.... don't see option for LN URL. is this only offered on android?
@nitemare1525 Жыл бұрын
Thank you very much, i still have to figure how to run my own node. Thats one of things im lacking in when it comes to bitcoin. Any tips for running my own lightning node, p.s. i use phoenix wallet for all my lightning transactions or even onchain bitcoin transactions
@marcuswilson8674 Жыл бұрын
I would also like to understand the comparison between Pheonix and Muun. Thanks.
@nomadshiba4 ай бұрын
21:35 also check random middle digits, hackers can pre-generate addresses with all possible starts and ends, if they hijack your clipboard they can steal your stuff by replacing the address with theirs
@oflowshow Жыл бұрын
Great Wallet and same Perspective, Phoenix is the new Standard.
@cinventures Жыл бұрын
With the new update. Phoenix wallet can't send on chain bitcoin address. It can only receive on chain bitcoin and will convert It to lightning. So maybe I'll use MUUN wallet as it can receive and send bitcoin and lightning both.
@user-hb1qo6cu1z4 ай бұрын
You are a fantastic asset to the Bitcoin Community. I truly appreciate your efforts.
@broda7285 Жыл бұрын
Thank you for another great tutorial but I prefer Breez wallet in this segment of LN wallets because they're a lot further on their roadmap to the future.
@prhasn3 ай бұрын
Brilliant explanation. Thanks.
@Petercoin-gq5hrАй бұрын
Great explanation!!
8 ай бұрын
Thank you for the tutorial. I´m German with no extraordinary knowledge of the English language. But i was able to understand your explanations very well.
@FitDemo14 күн бұрын
what is that Liquid inbound in the wallet? how does it works?
@SamJones1337 Жыл бұрын
Phoniex is great. Wonderful video.
@utopian123 Жыл бұрын
BlueWallet was my go to lightning before they decommissioned the custodial wallet. Now using WoS but would love to move to non-custodial so this video is perfect. Thanks! I wonder how does Phoenix compare to Breeze?
@NagoLnoJ Жыл бұрын
Ben does a tutorial on Breez wallet. They’re similar. Breeze has some additional features like a point of sale feature which is very cool.
@jybevox Жыл бұрын
I NEED HELP HERE: At 14:37, I don't understand why the receiver received 5'000 sats, WITHOUT any fees kept by Phoenix. Yes, a channel (of 297'000 sats) is already open, but ALL the liquidity is on the receiver side. There is no liquidity on the Phoenix side, no? How can 5'000 sats travel to the receiver if the open channel has a max size of 297'000 sats? How can the channel suddenly upscale to a 302'000 sats?
@tonynoel2292Ай бұрын
if i creat a wallet with a jade qr only i sighned to meke sure i could send out is it safe to delete the wallet,once i delete the wallet is it just setting on the open source chain until i want to access it with my qr or phrase
@osdias4 ай бұрын
I love this wallet but the 1% for channel creation is insane if you want to open large channels. I wish they would charge a bit higher fees for transactions and lower the channel creation fee.
@BTCSessions4 ай бұрын
Since this video the fee structure has changed quite a bit. Channel creation is 1000 sats plus mining fees. There are different fees for different things but it all gets outlined here. phoenix.acinq.co/faq#what-are-the-fees
@stevem78263 ай бұрын
After you restore your wallet on a new phone does it still have the channels open? Or are those closed?
@cinventures Жыл бұрын
Very fast! Do you recommend Phoenix over MUUN?
@---le3ba Жыл бұрын
I think that Blockstream Green has a new Lightning wallet with regular and Liquid so do video about this one if you can.
@obcane30725 ай бұрын
If you have a wallet elsewhere can you use those seeds to open up Phoenix?
@Poorboycrypto Жыл бұрын
Super duper tutorial/review!
@osaro4real Жыл бұрын
Is it a must to create an invoice before receiving sat? Or it's just another option? If it's an option why did they put it there if it's just like a double option to sending or receiving sat normally?
@MarkMcelligottPeaches Жыл бұрын
Does Phoenix have a reporting or transaction dumping facility that allows the user to store transaction information offline?
@namaste5978 ай бұрын
What if I want to add funds via a Bitcoin ATM ? How would I go about doing this ?
@stevejones4010 Жыл бұрын
Great video as always 👍Thanks.
@MrRickneves Жыл бұрын
Is there anyway to alter a channel limit? If you make a small transaction you will be left with a small channel limit?
@radical_carnage8 ай бұрын
Thanks for this, Ben. Given that lightning wallets are for daily spending (we aren’t keeping a huge amount of money on them), and given that we may want to travel with our lightning wallet…would it be reasonable to store our seed on an encrypted password manager? Obviously we wouldn’t do this with our cold storage seed, however using a lightning wallet around the globe, I would rather travel with my seed in a password manager than cross borders with 12 words on a piece of paper. Thoughts?
@susiebonham3167 Жыл бұрын
Newbie bitty here. Since Robinhood doesn't have a wallet for Android, can we use Phoenix as the first wallet to transfer directly from exchange? (without fees)? So many wallets to choose from Thanks for your info!
@tracyt43277 ай бұрын
I don't believe Robinhood let's you withdraw any crypto, period.... Unlike other exchanges. They are kinda like Hotel California😉
@Rickswift7926 ай бұрын
How do I get my lucuitady off of wallet
@danobrien376011 ай бұрын
Thanks Ben. I was watching Jeff Booth on What Bitcoin Did today, and he was talking about earning 5% with fees using Lightning. How can I learn abotu this?
@eglasb7 ай бұрын
Hi Ben, can I obfuscate my IP address by using a VPN in my phone instead of using TOR option on Phoenix?
@drewhadley6 ай бұрын
Thx, great and well explained video💯
@Champsvisions3d Жыл бұрын
Thanks for the video. as always great job
@СтойкоСтойков Жыл бұрын
Hello Ben and thank you for your tutorials. I've learned a lot from you. If it is not a problem to ask you something about phoenix wallet: do you know is it possible to add Watchtower to my phoenix wallet node? Also, do you know why in the FAQ they have written in bold text "to not uninstall the application" if channels are force closed, because if we can restore the wallet to any on chain wallet (which sound doable because we know the seed phrase), uninstalling the app if channels are force-closed should not be an issue, or I miss something.
@fredbear2648 Жыл бұрын
Does it allow sending sats to a bitcoin address?
@PercyTP5161 Жыл бұрын
Out of interest, I tried sending money to a Phoenix wallet,but couldn't seem to do it unless they raised an invoice for the amount I wanted to send. But it looked like you could "push" pay any amount there, using the QR code? Thanks for the great content as always
@Bluren21 Жыл бұрын
Same happened to me. It seems there is something I have to figure out
@thinkorange Жыл бұрын
Great work again Ben...🙏
@Beschuyt Жыл бұрын
What are the fees if you swap/send lightning to an onchain adress?
@davecorley55146 ай бұрын
Same as layer 1 miner’s fees. Basically a 1 input, 1 output transfer from Lightning multisig wallet to a bitcoin (Layer 1) wallet. That’s about 110 vbytes. At 10 sats per vByte, mining fee for this transfer is 1100 sats. Hope this helps.
@daniel941105 Жыл бұрын
super video!
@nomadshiba4 ай бұрын
using sats just confuses me, and probably also confuses a lot of other people too btc is fine
@patrickpieters5435 Жыл бұрын
Newb question.... but how safe is this wallet really? Am I being too paranoid for thinking that the fact that you can view your seed phrase in Settings is a red flag? After the recent events with Ledger (seeing how they could possibly have access to your key), just begs the question if this could also happen with a Hot Wallet such as Phoenix. Appreciate the response.
@gamerdude10101 Жыл бұрын
My understanding is that because it is open source, it is verifiable to the community that the seed phrase is generated in-app and aren't premade or sent back to the devs. A couple months ago, Atomic wallet was hacked and users lost all their funds. This is the problem with closed source software. They may say seeds are generated in-app and devs have no access to them but they may be lying.
@patrickpieters5435 Жыл бұрын
@@gamerdude10101 Appreciate the response
@CyrilleC8 ай бұрын
Cannot send anymore to btc address ?
@misaalraq8 ай бұрын
I did face the same issue. It seems like the latest update can't send on chain btc address. As @cinventures mentioned above, I ended up sending my balance to my muun wallet and then send it to my on-chain address and it worked!
@c-LAW5 ай бұрын
Sending/receiving with lightning using this wallet has high fees. At least as of this comment, the fees are about the same as BTC blockchain
@mrj98816 ай бұрын
quick
@Maxparata9 ай бұрын
WORST wallet ever. It just stores your private key and make them available for anyone who get access to your phone. There is no way to permanently hide the seed phrase. This is the worst way to initiate people to bitcoin.
@BTCSessions9 ай бұрын
... this is what a HOT wallet is. It is meant for day to day use, not large amounts of savings. Even if you can hide the seed phrase on a regular hot wallet, the data is still in the phone in the form of an xprv, which can be accessed by anyone in possession of the phone. For long term savings you should (obviously) use a hardware device.
@Maxparata9 ай бұрын
@@BTCSessions Of course, I agree with you. But It makes me very uncomfortable knowing that the seed phrase can be transparently accessed without at least one layer of security like a pass code. They could just not make it visible at all, once you wrote it down there's no need to look at it again.