535 sats \ 1 reply \ @south_korea_ln 29 Nov 2022 \ on: Best ways to convert LN sats to onchain BTC? bitcoin
Depends... if you running your own node, sometimes closing the channel is the easiest and cheapest option. If you're in no hurry, you can do it at 1sat/vbyte and wait it out.
Otherwise, I've used Wallet of Satoshi or LOOP, but indeed, those can be expensive.
LOOP can range from 500 to 2000 ppm so it's reasonable in the sense that it is pro-rated. WOS has a fixed one-time fee which depends on the Mempool, so you can push costs down the larger the amounts.
Will be curious to hear of other options that involve specific wallets.
thanks, that makes total sense, however from what I figured people who run their own nodes usually do not ask this type of questions. Rather its noobs or even worse - shitcoiners, who often miss the whole point of lightning.
annyways, I'll include this option in my video guide -- well worth mentioning.
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