I haven't used Bitcoin on-chain in a while. I had to this week. I tried at 18 sats/vbyte. After 4 days with no movement I bumped it up to 24 sats/vbyte and the transaction went through several hours later. That's expensive for me. Thankfully we have Lightning for every day transactions.

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The only time ive used it recently is being force closed on lightning at a crazy fee :D

i say a prayer to satoshi every day that my channels don't force close.

Meanwhile me waiting for my 11 sat/vB transaction.

oh man, good luck.

Where you get your bitcoin from🤔

Fold or Strike.

Have to take a look on these two. I‘m still new to BTC in general so I don’t really know where to buy it.

I use Fold and #[4]​ as well. I also have an account setup with LibertyX Bitcoin ATMs to diversify where and how I can buy.

KYC on every platform needed? I guess yes

Yes. With increased KYC you can deposit large sums of cash at select ATMs. I would like some non-KYC options as well.

I don’t want to have large sums of fiat laying around 😅

Those are not exchanges like Coinbase?!

transacting on the chain is unfeasible right now

I think this is an interesting issue. I had something I wanted to purchase with bitcoin (they offered steep discount if bitcoin used). However, I didn’t have near enough (not even close) in my lightening wallet. So the dilemma is go on chain and get hit with a huge fee or purchase bitcoin. The purchase bitcoin problem is difficult bc the exchanges sometimes limit the amount you can buy (if you don’t buy often) or they limit how fast they will allow you to have it. So, normal purchasing with bitcoin seems to have major limitations if you don’t keep a substantial amount on lightening. It also makes you look to the future and wonder if there will be a time that the bitcoin could be trapped on the blockchain (bc of high fees) and require a fiat solution to allow you to transact with something “equivalent” to what you’re actually worth. Basically recreating the mess we’re currently in. It’ll be interesting to see if fees will really be that high (in the future…which is good to some extent bc it forces you into to save) and how we’ll deal with transactions if you’re bitcoin is essentially locked in the blockchain bc of extreme fees. I know people are talking about lightening and fedi as solutions but it’s hard to see it when you find current roadblocks to rapidly transacting with bitcoin now.

I had to send a transaction on-chain last week.

I was happy with 22 sats/vB.

I had to wait though.

Transferred to test an old iphone as a signing device 😂😭 7k sats

Did on-chain last week and I think I got lucky with an “optimal” 70 sats/vbyte. 🤪