Can WoS be used to swap from LN to onchain? \ stacker news ~bitcoin

Can WoS be used to swap from LN to onchain?

990 sats \ 28 comments \ @Carresan 10 Sep bitcoin_beginners

I have come across this post by @Radentor which I think it has plenty of useful information.

I have been considering to swap some sats from LN to onchain and I thought that in other post , @Natalia mentioned Boltz and Robosats.

I have seen in @Radentor's post that WoS can be used too.

Is it possible to use it? Have you done it before? Is any of them better in terms of fees?

Many thanks for your help.

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61 sats \ 4 replies \ @SpaceHodler 10 Sep

Coinos charges 0.1% and is not listed here.

10 sats \ 1 reply \ @TheWildHustle 10 Sep

Hmm, looks like they don't kyc either.

Might check em out.

10 sats \ 0 replies \ @SpaceHodler 11 Sep

That's right, no KYC.

It's a web-only custodial wallet. They support deposits and withdrawals via onchain, LN and Liquid.

10 sats \ 0 replies \ @Carresan OP 10 Sep

Thanks ! Will consider it.

37 sats \ 0 replies \ @Radentor 10 Sep

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40 sats \ 1 reply \ @DarthCoin 10 Sep

Here you have a nice comparison table SN post for swap services by @aftermath #163372

0 sats \ 0 replies \ @Carresan OP 10 Sep

Thanks! I had missed this one. Bookmarked.

51 sats \ 1 reply \ @ravener 10 Sep

WoS charges about 7,000 sats fixed fee + 1% more of the amount + network fees.

For comparison Blink charges 10,000 sats fixed fee + network fees, they also mention 'For an imbalance of more than 10M sats LN/on-chain per month: additional 0.2% fees'

So far https://boltz.exchange seems to the best option with 0.5% fee + network fees, none of that fixed fee thing.

But if you are transferring large amounts where that 0.5% or 1% fees exceeds 10,000 sats, then maybe Blink could be cheaper?

0 sats \ 0 replies \ @Carresan OP 10 Sep

Thanks!

51 sats \ 1 reply \ @cointastical 10 Sep

RoboSats has a Swap page (i.e., buy on-chain BTC and pay via LN, or sell on-chain BTC and receive via LN): https://dex.robosats.com/offers/ <-- Then press the "Show Lightning Swaps" button

Other P2P exchanges have swaps as well (e.g., HodlHodl): https://cointastical.github.io/P2P-Trading-Exchanges/

Or additional methods here: https://cointastical.github.io/KYC-Free-Instant-Exchanges

100 sats \ 0 replies \ @Carresan OP 10 Sep

Thanks for the info!

30 sats \ 1 reply \ @grayruby 10 Sep

I did this recently with Breez. Worked just fine.

20 sats \ 0 replies \ @Carresan OP 10 Sep

Thanks!

30 sats \ 1 reply \ @flat24 10 Sep

I have used BOLTZ on several occasions and it was fast and quite easy, and I used LNP2PBOT once as well, which was very easy. And reasonable fees as long as the mempool is cheap.

0 sats \ 0 replies \ @Carresan OP 10 Sep

Thanks for the info !

30 sats \ 1 reply \ @BTCLNAT 10 Sep

I DIDN'T KNOW IT COULD BE USED!!!

I have entered an address for my Nunchuk and it says that the minimum to send is 8000 SATs + 1% + mining commission.

0 sats \ 0 replies \ @Carresan OP 10 Sep

Thanks!

30 sats \ 1 reply \ @bitalion 10 Sep

Yes but the comisión is 1% of the total amount plus miner fees.

You can try https://boltz.exchange/ it might be cheaper

0 sats \ 0 replies \ @Carresan OP 10 Sep

Thanks!

30 sats \ 1 reply \ @lv99slacker 10 Sep

I've transferred on-chain to WoS, and, from there, to another lightning wallet. So, yes, I guess it does work as a swap?

10 sats \ 0 replies \ @Carresan OP 10 Sep

Thanks!

30 sats \ 1 reply \ @0xbitcoiner 10 Sep

I've used Boltz a bunch of times and it's always worked great for me. I can't tell you the exact fees, but I know they charge them. You'll see the fee before you confirm the swap.

30 sats \ 0 replies \ @ZezzebbulTheMysterious 10 Sep

Boltz charges 0.5% LN->Mainnet

15 sats \ 0 replies \ @south_korea_ln 10 Sep

I used to use it all the time to play the LOOP liquidity game... It was worth it at the time, but not sure how they compare with fees these days from other services that offer swaps.