MultiversX Tracker is Live!

Question about lightning network risks

Bitcoin Reddit

More / Bitcoin Reddit 73 Views

Hi guys! I have been in bitcoin through the bear market but never really got into lightning. Today, I got into it by accident because I did a trade with strike and received sats instead of cash, which I don't mind, but has me wondering something. If I want to send these sats I got to lightning wallet what are all of the associated risks of doing so?

I understand that hot wallets are generally unsafe so I know not to keep too much in lightning at any given time. But what are the risks of keeping my btc in lightning? If I use muun or phoenix or zeus or bluewallet or wallet of satoshi or any lightning wallet, is there a risk my lightning sats can be lost like in a forced channel closure? I plan to hodl the vast majority of my bitcoin in cold storage but I now would like to learn more about lightning. If you know the risks and can explain them to me, I would be super grateful. I tried googling this but I'm scared that I'll miss an important detail, so if you have experience please ELI5 the risks associated with lightning.

Thanks.

submitted by /u/TheAudacityofHopium
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments