Join Bitcoin University Premium:https://www.bitcoinuniversity.comIn this video (part 2 of a 2 part series on Phoenix Wallet), I briefly review how the Lightning Network and its payment channels work, before moving on to a demo of the Phoenix Wallet. I discuss different ways of funding the wallet, including an initial Lightning transaction, an on-chain transaction, and reserving inbound liquidity from Phoenix itself. This initial funding of a Lightning channel makes the most sense to do when Bitcoin transaction fees are relatively low. Not investment advice! Consult a financial advisor.Watch Part 1 first:https://www.youtube.com/watch?v=9j_slmZ7Eyo&ab_channel=BitcoinUniversityPhoenix Wallet:https://phoenix.acinq.co/https://phoenix.acinq.co/faqWatch Bitcoin transaction fee rates here:https://mempool.space/ I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #Lightning #Phoenix Disclaimer Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky....https://www.youtube.com/watch?v=ZTlgb4NlbpU