I recently sent a few sats via LN to my Cake wallet and when I tried to swap them on chain I noticed the fee is quite expensive.
Any advice for a cheaper option?
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I recently sent a few sats via LN to my Cake wallet and when I tried to swap them on chain I noticed the fee is quite expensive.
Any advice for a cheaper option?
You didn't mention how much"quite expensive" is but I have good experience with Boltz.
https://pro.boltz.exchange/swap
Current Fee
Network Fee: 530
Boltz Fee (0.5%) of amount being swapped.
Also you can find others wanting to do swaps on RoboSats. But In my experience the fee is no cheaper than Boltz.
Was a small amount so that's why probably was expensive.
Boltz seem a good alternative, thank you I'll check it out next.
The victims of the Spark / Cake scam are coming out LOL
Wait to see soon how they will force you to KYC your Spark account...
YOU HAVE BEEN SCAMMED !
Use a fucking proper real LN wallet not that scam.
Please read: #1275977
you were so scammed that you think you are swapping from LN but in fact you have to swap from Spark (that is NOT bitcoin) into Bitcoin network.
Please read also: #1452620
now it all make more sense
Non-KYC, the cheapest way is via Liquid BTC on https://swapmarket.github.io
But I do not expect anything else from a boosted covidian
Electrum Wallet has a built-in marketplace for swap providers, rates are among the lowest available and it is trustless.
(electrum.org)
Boltz!
Lightning fees depend on channel balance and liquidity. For swapping to on-chain, try using a Lightning wallet that supports submarine swaps or BOLT12 offers. If using Cake Wallet, check if they support direct on-chain withdrawals to avoid the swap fee. Also consider using a Lightning wallet with better routing like Phoenix or Breez which might have better swap rates.
Send them to OKX then for example swap from OKX to TONCOIN