Replying to Avatar Jakub

#OKX #exchange has withdrawals in #LN for #free

That´s great for saving on the #withdrawal #fees while #buying #bitcoin through #crypto exchanges where the exchange fees are low, exchange itself is easy and you do not mind #KYC.

It is also great for getting the #BTC in the #lightning #network without need to use #onchain

#OKeX is clearly crypto exchange. You cannot hold any #FIAT. That quite annoying, I cannot just deposit #EUR or #USD, I have to immediately it and in that moment the #services produce a significant #loss on fees. E.g. in the best case scenario for 100 bucks you receive BTC of value 96 USD. It is 4% fee.

To avoid it, I decide to use #Binance. Just Top up my Fiat account there, exchange basically for free to #USDT.

With #Polygon the withdrawal fee should be only 0.17 usd.

I HOPE THE NETWORK FEE ON POLYGON IS VERY LOW

Then just exchange the USDT for bitcoin and send it out through lightning.

I am just stucked now on not receiving 2FA emails from binance to whitelist my withdrawal address….

……but getting solution

With the provided detail it might sound a bit complicated, but it is not, and I am looking forward to this way to get BTC on lightning online anytime and with low fees 🤔

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Jakub 2y ago

it looks 0.17 USD is actually the polygon network fee. No other fees paid.

So far very cheap, and OKX exchange fees are as low as 0.08% 💪🏼💪🏼

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