Is it possible to receive a LN payment on Electrum if im only online on a watch only wallet on my phone?
I asked few ppl on other forums and nobody knew/answered this, lol...
It works on the PC version so it might work on the Android version.I asked few ppl on other forums and nobody knew/answered this, lol...
The steps (for the Desktop version) are:
- In your watching-only wallet copy of a 'Native SegWit' "bc1" Electrum wallet, go to "Wallet->Information" and enable lightning.
- Restart Electrum, then go to "Channels" tab, click "Open Channel" and fill-up the fields.
- After the last step, Electrum will prompt you to sign the PSBT (unsigned txn) using the main wallet just like what you're doing with the usual transaction.
- After broadcasting it, the channel should be established after 3 confirmations.
The steps (for Android version) should be similar [last steps untested]:
- In your 'Native SegWit' "bc1" watching-only wallet, tap the wallet name above to view its information.
- In the wallet info, tap "Not enabled" next to 'Lightning:', then read and accept the warnings, after that, Lightning is enabled.
- Go to "Menu->Channels" and open a channel (the rest of the steps are similar to the desktop version).
Note: The funds in your channel is separate from your on-chain funds so it's not protected by your cold-storage set-up.
Also, you cannot immediately be able to receive through lightning since you need to gain "inbound capacity" to do so;
one way to gain it is to use "reverse swap" which is available in the desktop version by clicking the switch "⇄" button in "swap", try tapping values/names in the Android version.
Swap/Reverse-swap costs on-chain transaction fee and the back-end's service fee though.
