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100 sats \ 3 replies \ @unschooled OP 24 Jun \ parent \ on: What do you consider a fair premium to pay for no-kyc bitcoin? AskSN
Hm. Food for thought. Chances of these scenarios seems less likely than an central exchange getting hacked, but definitelt not negligible.
Last I checked coinjoins had fees too.
So effectively,
Looks like it could be close to 4% or 5% with more leg work when its all said and done.
I guess with some inbound liquidity you can send directly from the exchange to your node and swap to cold storage with reasonable privacy. That's probably ideal, again, only if you're okay with exchanges having your coordinates
No you just on-chain transfer into cold storage. LN is what you use on the way out of cold storage, but not through swap but you simply fund a channel. Boltz does mixing checks so you only want to use them to offramp from LN. For onramp, just find a cheap counterparty on Amboss.
Edit: My last round of mixing (at 2-5 sat/vb) cost me ~0.3% in fees in total. So 0.5% for boltz + 0.3% for mixing = 0.8%... LN fees plus - unless you're unlucky - tx fees out, won't add .2% there if you're using Msat denominations... so under 1%.
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This makes sense. 8% seems like a lot in comparison when you put it that way.
Then you're just spending sats or p2p trading for fiat if needed.
Still I don't like the coerced identification that central exchange require.