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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%.

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.

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Me neither. In 2014 or 2015 kraken asked me to take a picture of myself with my ID in hand focusing on face and ID. I told them to gfy.

Don't like being treated like a Nigerian prince.

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