Replying to Avatar Dikaios1517

This seems inefficient to me. Can someone correct me if I am wrong?

I would like to get channels set up on my new Start9. It seems like it requires at least 2 on-chain transactions to do so. One to get sats onto the node and a second one to fund the channel.

Shouldn't there be a way to get the channel prepped and then do a single transaction to fund it from wherever I currently have it, rather than needing to send it to the node first?

#asknostr
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Brunswick 2y ago

You could open a channel to your node from a liquidity partner like LNBIG (or someone with cheaper lightning fees), then send yourself sats from a lightning wallet like strike or cashapp. That way you dont need to send onchain funds directly to your lightning node with one transaction, then open a channel with them from your node to another lightning node with a second transaction..

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Dikaios1517 2y ago

Yeah, that's not awful and could work, then I'll just send the on-chain funds I have to cold storage. 😀