0 sats \ 4 replies \ @billiam OP 21 Jun 2023 \ parent \ on: Why I'm done with non-custodial mobile Lightning wallets bitcoin
The workaround for this is to use a custodial solution or LSP that manages the inbound liquidity for you "under the covers" and you swap out on a regular basis to on-chain and self-custody bitcoin.
Can you please provide an example setup of this?
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WoS to receive lightning and swap out using boltz.exchange to your cold storage.
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Thanks. I think it is early days but would be interesting to see this functionality get abstracted away for future average users in as much of a self-custodial way as possible. How does liquidity swapping work?
E.g. If I max out my inbound liquidity and you max out your outgoing, we can somehow join them back together?
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The way I use it is as follows: I buy small amount of Bitcoin on robosats. The sats I receive via Lightning. I want the lightning btc on-chain, so I go to boltz.exchange and specify the amount I want to receive on-chain, I provide the btc address, pay the lightning invoice and voila, I have moved sats off the lighting network and my custodial wallet is mostly empty!
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