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RE: Best BTC Lightning Wallet Apps to use with Hive

in LeoFinance3 years ago

I have blue wallet on my smartphone. For sending they charged 0.00000160 Btc for slow, 0.00000361 Btc for medium, and at least ten times for fast. Medium fees can take up to 4 hours, fast takes up to 10 minutes. But I haven't actually used it yet. I could possibly transfer some BTC to the blue wallet if it's needed !

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For quite a few weeks now, depending on the time of day, full chain bitcoin transactions are very cheap but you need to understand how the Mempool and fee rates work.

I need to do a post on this or try googling.

https://mempool.space/

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If you learn to read this chart you can see that 1 sat/vB (which is the cheapest it can be) will probably get your transaction into a block within 30 minutes, for BTC this is great. You shouldn't be relying on BTC for instant confirmations, that's what Lightning is better for.

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