But why use Aqua though is what im trying to understand. Like why send sats from Alby go to aqua to then swap to on chain to then send again to cold storage
Wouldn’t that be more fees and more steps or no?
But why use Aqua though is what im trying to understand. Like why send sats from Alby go to aqua to then swap to on chain to then send again to cold storage
Wouldn’t that be more fees and more steps or no?
I use it for 2 reasons:
1) there's an exchange I use that doesn't support lightning... So I can send 100,000 sats on-chain to a peg in address of liquid. This gives me custody of smaller amounts of BTC until 1M sats. Can't use alby hub in this instance.
2) I like to try and get waiters/waitresses to accept their tip in BTC and it's cheaper to send liquid address to liquid address, and not give a newbie the headache of managing a channel and they still take self custody.