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    Author Topic: The Lightning Network node experience  (Read 3567 times)
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    darkv0rt3x
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    June 23, 2023, 08:33:32 AM
     #161


    There are two settings for fees: a base fee and a relative fee. Relative relates to the transaction amount, though and not to the mempool. Most payments cost about a handful of sats for the whole route, though.

    Once more, you can only cash out Bitcoin back to fiat of online transactions. A channel open must be closed so that you can cash out the Bitcoin once locked in that channel!
    That's not really true; you can use a Lightning to fiat exchange like [Review] Robosats Bitcoin Lightning on-/off-ramp (no KYC, P2P, Tor) or if you prefer centralized ones, Kraken and others nowadays offer Lightning deposits, too.

    Oh yes... I forgot those because I was thinking only in the point of view of a node operator! But yes, you are absolutely right. Sorry for missing those options that are the closest to pure p2p bitcoin trading in the sense of buying and selling anonymously!

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