Not necessarily. In my example I withdraw from an exchange that covers the on chain fee (because they batch txs) and sent directly to a liquid peg-in address.
I also detail how to only get hit with one on chain fee to establish a large channel to Phoenix wallet, then hopefully never have to worry again.
I donβt think we have anything like that in the states tho. Or maybe we do but they charge a ridiculous spread between the bid and ask. If you know of one, let me know. Keep in mind I live into the commie state of NY π
Oooof yeah NY is the absolute worst for this...
You can use Robosats to buy and receive to Phoenix. You'll have to pay an opening fee for Phoenix to open a channel to you but once you accumulated 2-5 million SATs in Phoneix you can use Boltz to swap into liquid whenever your channel fills up and need inbound liquidity
Screenshoting this comment so that when im more fluent with umbrel, i can mess around with robosats
