I've onboarded a lot of people with Phoenix. So far I've never had anyone complain about the fees. Spending a few dollars to create your wallet the first time doesn't seem to bother people. Lots of financial services charge registration fees.
Rich Nost's avatar Rich Nost
All the "easy"self-chstody lightning wallets seem to just use some "don't make me think" slight-of-hand that is ultimately belied as a really crap tradeoff. Phoenix: Outrageous fees. Quickly looks like shit when you try to onboard someone with $10 and they receive $8.50.Even once they have a channel, the routing fees are like 10x what they should be. Don't demo this to vendors looking to escape credit card fees. Aqua: Your "lightning" payment gets trapped in some limbo, where you can't tell if it failed, if it's multi-pathing, or whatever the fuck they are doing behind the curtain. Don't demo this to people who want instant settlement. Wallet of Satoshi/Breez/Blitz: Last mile of the payment is paved with surveilance. Don't use this if you wa to demonstrate censorship resistance.
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Replies (4)

Phoenix is great, I don't mind paying extra fees, knowing I have full custody over my lightning channel A good service needs to earn if you want it to stay in business
I wish the lightning fees were capped at on-chain fee levels. It's crazy to often find on-chain to be cheaper than lightning. Like this, lightning won't become the default in low fees.