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27 sats \ 4 replies \ @Signal312 OP 9 Apr \ parent \ on: Phoenix lightning wallet - questions on strategy for my use case lightning
So, like @Scoresby suggested, perhaps transferring via Lightening using Boltz, then transferring off Boltz, on-chain.
This is starting to get quite complicated. And also expensive, all these transfers.
I know it's custodial, but using Wallet of Satoshi (with a VPN) seems like a reasonable option. And likely cheaper too.
So, like @Scoresby suggested, perhaps transferring via Lightening using Boltz, then transferring off Boltz, on-chain.
I think that's where you're confused: It's not two transfers that require your interaction. A swap out is a single transaction as far as you can be concerned. You enter a bitcoin address and then you will be presented a lightning invoice. When you pay this lightning invoice, you will pay via lightning but you will receive sats into the onchain address you entered since they send a part of their sats that are already onchain to you.
I would recommend going to https://boltz.exchange/ and trying it out. You don't have to actually pay the lightning invoice at the end to see how the flow is.
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Okay, thanks, I will give it a try. Swap out - gotta start learning this stuff...
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Here you have a good SN post about submarine swaps
#163372
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I actually think for the mostly receive use case phoenix is great.
I guess it also depends a little on how big the transactions you receive generally are.
I sell posters and t-shirts and stuff, so not huge transactions.
For my case it is cheaper than wallet of satosji because they nailed me with fees every time I transferred out to my cold storage.
Also, I'm in the states and they shut off service pretty quickly here, so you never can count on it.
Phoenix with a big channel to start and boltz out yo your cold storage when fees are low works pretty well for me.
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