Title.

I do not know much about lighting.

Therefore, I'd like to ask here if it's possible to DCA via lightning, allowing me to circumvent many small UTXO's once I send the total amount to my on-chain HW-wallet.

Would that be possible, and where could I do this?

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223 sats \ 6 replies \ @Lux 21 Feb 2024

Of course, with any lightning app. Try Blink. learn more https://darthcoin.substack.com/p/lightning-wallets-comparison To send to blink on chain funds, do it via swap, eg https://boltz.exchange/ When you have enough, swap to your unused address a preferred size

0 sats \ 5 replies \ @Fabs OP 21 Feb 2024

Just to get this straight: I can, say, have 10 buys on lightning, which will turn out to one UTXO when sending it back to on-chain?

0 sats \ 2 replies \ @hodlpleb 21 Feb 2024

Yea, and same if you make 10 purchases on an exchange and make a single deposit for the exchange to your own wallet

0 sats \ 1 reply \ @Fabs OP 21 Feb 2024

Any particular exchange in mind?

0 sats \ 0 replies \ @hodlpleb 21 Feb 2024

Any exchange … until you move the bitcoin off the exchange, it’s just a placeholder. When you move it off the exchange, they will do it in a single transaction

0 sats \ 1 reply \ @Lux 21 Feb 2024

yes, if you send it back on chain in one swap transaction

0 sats \ 0 replies \ @Fabs OP 21 Feb 2024

Awesome.

10 sats \ 1 reply \ @DarthCoin 21 Feb 2024

I've told you to read:

DID YOU?

0 sats \ 0 replies \ @Fabs OP 21 Feb 2024

You haven't yet.

0 sats \ 1 reply \ @grayruby 21 Feb 2024

Yes. Many good responses already. Nothing to add.

20 sats \ 0 replies \ @Fabs OP 21 Feb 2024

🥺🥰

40 sats \ 3 replies \ @sdf 21 Feb 2024 freebie

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10 sats \ 0 replies \ @m00ninite 21 Feb 2024

I use strike for a "vacation fund DCA". Basically I turn my credit card rewards into USD, then turn that USD into sats on lightning. Those sats are then saved for a nice vacation :)

"Dirty" is one way to put it.. They know you bought coins, but since there are no UTXOs, they don't know where they went, especially if you withdraw to a mobile wallet or something before sending to your main wallet

0 sats \ 1 reply \ @Fabs OP 21 Feb 2024

As in Non-KYC / KYC?

0 sats \ 0 replies \ @sdf 21 Feb 2024

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