Hi all,

I'm new here. I've used electrum in the past, but I wanted to setup lightning wallet so i can transfer btc from exchange to electrum without paying the high fees...

Firstly, I've had to fund the channel with 0.002BTC to open a channel, and I did. Since I don't know much about Lightning I wanted to experiment using all default settings in electrum which is creating a Electrum Trampoline channel. After paying pretty high fee (around 10€) I've finally created channel and it was open, kangaroo icon, (tried disabling gossip too), everything looked fine, except the next part: My channel capacity was 0.002btc but i could send 0 btc and receive 0 btc.

Like I've said, i've tried reconnecting, disabling trampoline, waiting for lightning icon to go up to 100%... but still nothing. I've hopped onto reddit and saw that other people are experiencing the same issue, so i decided that it is too much hassle and tried to close the channel.

There was force close option, and close option, i picked the latter because it said that the fees are lower that way. Only to immediately find out that Electrum placed a fee of 507 sats/byte which was around 20€... I immediately looked onto mempool, and saw that all blocks (new and past blocks) are around 40 sats/byte.

So not only that i payed over 30€ in fees in total - but the channel didn't work. Ok you can argue that maybe i've setuped something wrong (even though i've followed the setup from popular bitcoin talk post as is), but what's with the insanely high fees? And why does Electrum pick the insanely high fee without noticing or asking me first?

I'm beyond pissed, because I've lost so much money recently, and just when i thought "ok i will learn lightning to avoid loosing money" - I lost again! Really frustrating, and scammy, again, current mempool blocks are around 40-50 sats not 508!


https://ibb.co/7RcfHKx