What is currently the most cost effective and secure method of swapping on chain sats to Liquid-BTC? I'm aware of Sideswap, Sideshift AI, Bisq, flyp.me and TDEX but is there one of those that wins significantly, cost wise, over the other or another option?
Discussion
Why do you swap censorship resistance, trustless trust real money to #Bitcoin IOU which requires trust.
I found that when managing my lightning node I need to keep sats aside in order to balance and generally manage liquidity on the channels. So I previously used the option of keeping sats in a lightning wallet that is not self custodial but as my node size is growing I no longer want a larger amount of sats on such a lightning wallet. I do share your preference for trustless BTC as preferrable but for a way to store some sats aside for use as reserve for node management I feel more comfortable using Liquid rather than a lightning wallet that offers, in my opinion, possibly a more limited degree of security in terms of trust.
Let me add some additional context and detail. If I held sats aside, those sats allocated to managing my node, on chain then I need to make a swap through something like Boltz.exchange from BTC to Lightning BTC. That gets costly when done a few times, especially if I am just needing a few k sats to swap. By holding those sats in L-BTC I make one swap, BTC to L-BTC and then, when needed swaps from L-BTC to Lightning sats is much cheaper over time. I understand the trade-off in terms of it's no longer "pure" BTC but I have decided after research to experiment with this method.
I see. In Korea, many plebs transfer Bitcoin from Korean excahnge to abroad exchage by shitcoin like trx because of high Bitcoin withdraw fee. Shitcoins benefit from regulation. I hate this situation. I hope you don't hold them for long-term.
I'm optimistic that there are developing tech solutions to these circumstances.
Ok, it is up to you what shitcoin you use instead of #Bitcoin, but never forget EO 6102.
https://nostrcheck.me/media/public/nostrcheck.me_4457044729778424371689767920.webp
Ok, thanks.
I have used Tdex and SideSwap for peg-ins. Tdex does a "real" peg-in every time, forcing you to wait 102 blocks whereas SS will handle small amounts instantly, which I assume they use their own balance for. I generally use SS myself although I prefer to hold funds in GreenQT.
Sideswap peg-in fees
0.1%
Tdex peg-in fees
0%
"I generally use SS myself although I prefer to hold funds in GreenQT." Just wanted to clarify that, you mean you're holding BTC on chain in Green and peg-in from that stack?
No I mean I peg-in using SS and then send (most of) the L-BTC to GreenQT for storage. I'm not as comfortable holding funds in the SS wallet.
Boltz best - fee are almost similar in all - quality / reliability / vol / kyc is all that matters