In case Bitcoin transaction fees go up, it’s nice to have a cost-efficient alternative for sending BTC.
One of those is Liquid (yes you gotta trust the federation)…here is a comparison of SideSwap.io and @Boltz - Non-Custodial Bitcoin Bridge two services that allow you to move your funds to L-BTC and back to BTC.
Here are the differences in the fees you pay for a peg-out or swap and an explainer how it works
I can also recommend coinos.io (custodial) Swaps are carried out automatically within the app when sending and receiving (Lightning, BTC, Liquid, Ecash) The fee from Coinos is also 0.1%.
I like Coinos and recommend it
Why not use LN? 🤔
because when BTC on-chain fees are high it's cheaper to resize LN channels from L-BTC
also, keeping large amount of BTC in LN for long time might be bit risky due to LN channels not be stable enough overtime.
Exactly, I would not put a high amount on LN at the moment, not even in LN self-custody.
Also for beginners I find something like nostr:npub1ajlrwgfj4yerhqf7ady03h7wmtk2qr3gs7h3sxcx83k05yld36sswpzx3q easier to use than to understand the implications of opening a LN channel. As LN and its wallets evolve this could change.
I hope https://spark.info/ based wallets solve this problems.
there is more competition rising on the horizon... worth keeping an eye on it.
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