RoboSats has made the swap trades more visible. From now on you can easily convert LN-BTC to BTC and vice versa. And this is how it works:
Offers → I want to swap.
SWAP IN means
- You send On-chain BTC
- You receive Lightning BTC
SWAP OUT means
- You send Lightning BTC
- You receive On-chain BTC
In the settings you can specify whether you would like to start with swaps or with fiat trades.
Fees
In general, RoboSats swap transaction costs are lower (~0.1%, mining fee included) than on e.g. https://boltz.exchange (~0.4% + mining fee).
Let's swaaaaaap.