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17 sats \ 4 replies \ @kilianbuhn 11 Apr 2023 \ on: Submarine Swaps Guide bitcoin
Awesome, thx
For which of these do I need an account or an app or some bullshit like this?
I know Boltz simply worked without it last time
The ones that require an account are:
- coinos
- hodlhodl
- blink: requires a phone number
- breeze: not to use, but the only way to backup the channels is with a Google account
- deezy: requires an access token which has to be requested by email or telegram so you do need an account
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Thanks for this, a couple of nits:
- It's Breez, not Breeze
- You're not differentiating between submarine swaps (trustless) and trusted swaps (there are trusted solutions on the list).
- Breez fee is the same as Boltz for reverse, 0.4%. For swap-in, it's actually channel opening fee, but it's not always required.
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Thanks for the feedback! I'm sorry for the typo and for not making the point clear with the fees (rn I'm not sure where I got that Breez charged 0.1 more, perhaps I counted the miner fee as well by mistake).
Regarding trusted and trustless swaps differentiation, you are right. I limited the post to cover the functionality of non-custodial swaps as those are the ones tools like Loop and Boltz use (robosats isn't even a swap service but a P2P exchange that uses HODL invoices for example).
I didn't have enough time to review all the implementations and some of them are closed source, but I included them in the list anyway so everyone has got a picture of how much the market is charging.
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Makes sense! Closed source should consider trusted or at least provide a way to validate that the swap is trustless imo.
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