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0 sats \ 2 replies \ @Solomonsatoshi 23 Sep \ parent \ on: Can I Use Coinos as a Swap Exchange as an Alternative to Boltz? bitcoin_beginners
Yeah I get that- still Coinos fees are overall waaaay lower than any other wallet I have seen.
Don't want to have to manage channels and nodes- just want to spend and sent sats and Coinos makes that easy.
I can deposit BTC into Coinos from L1 for free (excluding miner fees which are really low now anyway) and transfer via LN to other platforms and the only charge is I think 0.1 %. Incredibly good value.
Don't know what other wallets charge to transfer from LN back to L1- are any less than 0.4%? I doubt it.
No, 0.5% is market standard. But if you don't care to KYC your L1, Kraken lets you withdraw for 1500 sats. Coinos are not chasing profits right now, but growing market share. Their fees can be higher in the future.
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So for anything less than 300,000 sats Kraken would still be more than 0.5%.
Coinos appear to not do any KYC which is a bonus, and as long as their fees are the lowest and their service the best I have found, they totally deserve to grow market share imo.
There's got to be a good market potential for an easy to use censorship resistant LN wallet that can work on any browser and has the lowest fees around.
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