Cool story, I will wait to use it I guess
I still think people are missing the point of having the possibility to pay during the weekend. If someone deems it interesting of a use case, that’s nobody’s business, it is this person use case. That’s the whole point of being permissionless.
Just one other use case amongst the many.
Just a funny side note. Have my play crypto on Binance. Wanted to try to cash out small amount to check how easy or difficult it would be. Remember in 2022 it was not possible because Binance hat some issues and withdrawal via FIAT was not possible.
This time technically would be possible, but an extra windows opened for additional security check. But technically this window was blocked with a failure message.
So I transfer USDT to Coinbase > traded to EUR > send it to Swissquote via Sepa > 6h later received a completion message by Swissquote.
Anybody doing it successfully with Binance?
My process of “cashing out” from Binance is via ligthning network to Kraken and sell the BTC to CHF. Withdraw from Kraken (Liechtenstein Bank) to any other Swiss account within an hour (cost 1chf).
Funny, I was just looking at LN transactions between exchanges. Kraken is upping their fees for the lower tier 30-day volumes:
| Tier | Fees |
|---|---|
| $0 - $10,000 | 0.25% Maker, 0.40% Taker |
| $10,000 - $50,000 | 0.20% Maker, 0.35% Taker |
| before | 0.16% Maker, 0.26% Taker |
Transaction costs (in BTC) between Kraken and Binance over LN:
| Exchange | Deposit | Withdrawal |
|---|---|---|
| Kraken | free | free |
| Binance | free | 0.000001 |
| Bitfinex | free | 0.000001 |
I don’t know if there are any nodes in between, and what they charge. @stojano ?
Edit: Added Bitfinex
I have found exactly 3 exchanges operating with Lightning Network:
Kraken
Bitfinex
Binance
Didn’t use Binance. LN transfers between Kraken and Bitfinex does not incur additional costs. Same with the transfer to Lightning wallet inside the mobile Exodus app.
From Kraken I never paid a sat for a LN tx. From Binance just the mentioned… There is a channel between Binance and Kraken. And 0.0199btc is the max you can send at once (at least from Binance).
Where are you taking this info from?
Email, and it is also mentioned on Reddit.
That’s scary than we didn’t have a red monthly candle since 6 months 
Im still waiting for the 10k candle…
stupid question: why do you send the BTC not directly to Kraken from your wallet but do it indirectly via Binance?
just had some BTC on binance…
Just logged in Binance and realized i was sitting on a 800% unrealized gain in PEPE. From 1 to 8 usd 
Check out this video, it explains why the performance calculation is bs if the initial value is very close to 0.
Its in german.
Only roughly +37% to 100k, less than what we did the last month (+47%). So 100k before halving?
I found these facts from Greyscale interesting. Approx <10% of investors had >3500 USD exposure to bitcoin as of Nov 2023. Seems to me that there are some very large investors (most likely the early investors) who are profiting the most from the current bull run while a majority of people might have less than 1000 USD exposure to Bitcoin (assuming more than 100% return since Nov 2023). Am i reading it correctly?
https://www.grayscale.com/research/reports/demystifying-bitcoins-ownership-landscape
