Hello everyone, is a lot of time that I don’t buy BTC. I’m thinking to restart with a PAC. I used to transfer CHF to my Revolut, after to Kraken, buy CHF/BTC, transfer BTC to my ledger wallet. Is it always valid? The fees are augmented?
Bluewallet or electrum?
Ok, Aqua. As always, one has to always look under the hood. Reading their website:
AQUA is a non-custodial Bitcoin and Liquid wallet
If you use AQUA, our wallet software will use an algorithm to generate a random 12-word phrase as a seed to a BIP32 hierarchical wallet. This 12-word phrase is called a recovery phrase (or mnemonic phrase). If reproduced exactly, this phrase stores all the information needed to recover your Wallet if access through fingerprint authentication or any other means the device provides for you is lost or otherwise unavailable.
seamlessly transact in Bitcoin, Lightning, and Liquid assets including Tether USDt.
AQUA users are able to send or receive Tether USDt from the Ethereum and Tron chains via third-party rails we have enabled for such purposes.
When AQUA users receive USDt via Tron or Ethereum, AQUA instantly converts those funds into Liquid USDt; this is the same conversion that occurs when sending your native L-USDt to a Tron or Ethereum address. Your AQUA wallet will only ever hold Liquid USDt.
While Bitcoin and Liquid are supported natively, Lighting send/receives are executed via trustless swaps though Boltz. This means that your AQUA wallet never holds Bitcoin on Lightning at any time, but rather Layer 2 Bitcoin on Liquid. Each time you send out or receive a payment, Liquid Bitcoin (L-BTC) is instantly exchanged in the background.
Not so much different than other wallets, after all.
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So, all in all, looks like there are 3 crypto wallets for Liquid Bitcoin:
- Aqua https://aquawallet.io/
- Blockstream Green Blockstream Green: Simple and secure Bitcoin wallet
- SideSwap SideSwap - Settlement infrastructure of the Liquid Network
The last one is a product of a crypto exchange.
According to the documentation, it has functionality which allows users to “peg-in”, “peg-out”, and swap assets.
I am going to check this app and its build-in “peg-out” (transferring BTC from Liquid to the base layer) function.
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Did you check it out? Is it in any way competitive to other solutions regarding fees?
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Nope. Probably comparable to PostFinance.