This is my DCA route to save fees.
Local CEX (Buy Stablecoin) > OKX/Fixedfloat (Swap to Lightning, No KYC) > Private Lightning Node. If the amount held in my lightning node is already quite big then Swap-out to Onchain Cold Wallet.
Discussion
Huh, that seems quite the steps. What is the benefit of storing it on your lightning node, and not cold storage it directly? Are OKX and FixedFloat KYC-ed?
It is mainly due to limited option for my on-ramp route from my local fiat > USD > BTC. P2P (Bisq and Robosats) is not popular in my country. Not really complex honestly.
OKX doesn't have mandatory KYC. Non KYC account only need email (can use anon random email) and have 10 BTC daily withdrawal limit. Fixedfloat is instant exchanger, doesn't need account, doesn't need KYC. Most of the times i often to use Fixedfloat.
My lightning node is like my hot wallet. Because, i'm saving and occasionally spending my BTC on it.
Is that manual or auto? And there’s less fees? For example how much would the fees be for a $200 USD transaction to buy BTC?
I do bi-weekly or monthly manually. The fees are cheaper for me only need $1 (Stablecoin transfer, cheaper than BTC withdrawal fees around $10-15) + %0.5 of the amount (Swap fees in Fixedfloat)