How to not get rekt on fees while transacting?
- find a reliable service which lets you use their established ⚡️ node for a very low fee: https://get.blink.sv
- self custody low amounts on Liquid with https://sideswap.io/downloads/ via swaps on https://bol.tz
- peg out to the main chain with a good size utxo
nostr:npub13ljnkd633c7maxatymv3y2fqq8vt3qk7j3tt0vytv90eztwgha9qmfcfhw nostr:npub1psm37hke2pmxzdzraqe3cjmqs28dv77da74pdx8mtn5a0vegtlas9q8970
Muun is a simple way to do this with just one step. It's the only thing I use that wallet for but it's really good at it.
Just use an exchange with free LN withdrawals. Then when fees are lower, move to chain from Muun. You just pay the mining fee.
Muun is great as long as fees are low, and as long as you didn’t initially receive a bunch of small transactions into Muun. Since Muun considers your funds to be on-chain (always), then sending to an on-chain address with a UTXO made from many small UTXOs - that you received via Lightning - can still cost a ridiculous amount in miner fees. I know because I tried recently lol
Would this approach also help to consolidate many small UTXOs for cheap(er), since those combined coins would normally incur much larger fees for any given sat/vB rate?
Looks like others agree 😃 :
nostr:note1pyy8n7ps9dg33uuzxq4833xmu92jnctw2g6z77p2z6fkf034fjjq3j6vfh
https://primal.net/e/note1pyy8n7ps9dg33uuzxq4833xmu92jnctw2g6z77p2z6fkf034fjjq3j6vfh
