I quickly tested @BULLBITCOIN.COM 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 @ODELL since he uses this wallet, and maybe he can correct me on some points.

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
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 .
ishi's avatar
ishi 1 month ago
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.