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Replying to Avatar The Original Genuine Garage Door (★★★☆☆) 𝕏

I’ve been doing this for a few months but I’m basically a beginner. How do you get Bitcoin to a lightning wallet (from an exchange or from a cold wallet) without being exposed to the on chain fees of moving the bitcoin? I’ve seen several people mention what you’re talking about but it seems that there is a limitation of actually getting the BTC to the lightning wallet to avoid fee exposure. I understand that fees should be less once transactions are on lightening (although I had one zap yesterday that was 1000 sats and the muun fee was 4900 sats…although that’s uncommon).

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Erin 2y ago

As far as on-chain fees from a custodian, use Swan, Strike, or Fold. They pay the on-chain fees.

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The Original Genuine Garage Door (★★★☆☆) 𝕏 2y ago

I do use Swan. For some reason I felt like I saw an exposure to mining fees when I used Strike recently.

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Erin 2y ago

When you buy bitcoin in the buy tab of strike and send it to a wallet there are no fees. When you send fiat to a wallet, you’re exposed to the fees.

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