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You do need to pay to both open and close a channel, so you'll incur two transaction fees in contrast to one with a regular exchange.
by lawn 7y ago
You do need to pay to both open and close a channel, so you'll incur two transaction fees in contrast to one with a regular exchange.
- tg3 7y agoSparkswap opens the channel to the user, so Sparkswap will incur the channel opening and closing fee.
- lawn 7y agoThat's nice. So similar to how a regular exchange pays for your withdrawal transaction. (And of course if it's better or worse depends on how much they'll charge).
- xur17 7y agoOne advantage is that your funds are already in a lightning channel, so you can immediately use it for payments within the lightning network with very low fees (vs having to pay onchain fees).