Nostr Web Client

Replying to

Jakub

Sounds cool!

I usually use #binance and #coinmate, but the fees are never so low!

First time I read about noah, what is it good for?

Nijuu 2y ago

Sending from noah to any btc addresses is free

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Discussion

Jakub 2y ago

does it mean you transfer the lightning BTC to onchain BTC using Noah? Then it can be send for free to your cold storage?

Nijuu 2y ago

From okx, i use lightning to transfer to noah. When it is in noah you can send out btc via lightning or onchain ( layer 1, btc native network )

Jakub 2y ago

WHY do you use Noah? I still do not get the added value of it.

Nijuu 2y ago

Okx to noah via lightning fee is 1002 sats. Noah to my self custody btc wallet is zero fee. All in all i only pay 1002 sats fee. Okx to my self custody btc wallet using btc network is 26000 sats fee now. See the difference?

Jakub 2y ago

In other words, you use Noah to switch from LN to onchain for your HW wallet and save on fees, right?

Nijuu 2y ago

Yes

Jakub 2y ago

ok, thank you. Then this is a cool trick