Author

Topic: Decentralized exchanges with lightning network (Read 68 times)

legendary
Activity: 2730
Merit: 7065
Farewell, Leo. You will be missed!
Last option I would check for cash trading is PeachBitcoin app, but I am not sure if they have Lightning support yet.
They don't mention it on their website where they list the supported payment methods. Only fiat currencies are listed there. A review of the Peach Bitcoin app by some user in March says they would love if the lightning network was supported. If that's genuine, we can conclude that LN isn't supported yet.

But they support liquid bitcoin and have joined the Liquid Network Federation
hero member
Activity: 868
Merit: 1094
Thank you all for your replies. The replies are highly helpful for me.

OP, how frequent do you want to perform trading? If it's just once or twice, LN doesn't bring much benefit since you need to pay on-chain TX fee when opening and closing LN channel.
I use the lightning network that has their own channel which means I do not need to open a channel. I know it is custodial but what you said is one of the reasons that I do not open a channel for myself.

But recently I have come to think of it that if I open a channel on wallet like Electrum and I funded it, I mean with two Electrum wallet to open the channel, I think I should be able to send money to another person that did not open a channel with me. If it is like that, I do receive money frequently on my centralized exchanges accounts through on-chain and I can send bitcoin to my lightning wallet or the decentralized exchange (in exchange  for fiat) using the centralized exchange lightning network. Or with that I can also send bitcoin from my lightning wallet to decentralized exchange in exchange for fiat.

I am planing this because the government in my country is getting harsh against cryptocurrencies recently. They have taken down Binance P2P already for my local currency pair and I am hearing the rumor that they may they may go after other exchanges soon which will make us to depend on decentralized exchanges but I can not cope with the transaction fee.
legendary
Activity: 2856
Merit: 7410
Crypto Swap Exchange
OP, how frequent do you want to perform trading? If it's just once or twice, LN doesn't bring much benefit since you need to pay on-chain TX fee when opening and closing LN channel.

Robosats is probably what you are looking for. For some reason, the clearnet seems to take forever to load for me, but you can use their onion site.

Clearnet: https://dex.robosats.com
Tor Mirror: http://robodexarjwtfryec556cjdz3dfa7u47saek6lkftnkgshvgg2kcumqd.onion

Of course, the offers will also depend on which fiat currency you will be dealing with. I usually see very few offers outside USD and EUR.
It loads extremely slow on TOR as well. I doubt it is a good solution.

The loading speed is just fine on my end. You probably should try "New Tor circuit for this site" or different bridge (if you use one) to see whether there's imporvement.
legendary
Activity: 2212
Merit: 7064
Cashback 15%
Bisq is the best decentralized exchange and they added support for Lightning Network trading.
Robosats is also cool and good for p2p trading but it is not really decentralized.
Last option I would check for cash trading is PeachBitcoin app, but I am not sure if they have Lightning support yet.
legendary
Activity: 2030
Merit: 1643
Verified Bitcoin Hodler
Robosats is probably what you are looking for. For some reason, the clearnet seems to take forever to load for me, but you can use their onion site.

Clearnet: https://dex.robosats.com
Tor Mirror: http://robodexarjwtfryec556cjdz3dfa7u47saek6lkftnkgshvgg2kcumqd.onion

Of course, the offers will also depend on which fiat currency you will be dealing with. I usually see very few offers outside USD and EUR.

It loads extremely slow on TOR as well. I doubt it is a good solution.
copper member
Activity: 2016
Merit: 1783
฿itcoin for all, All for ฿itcoin.
Robosats is probably what you are looking for. For some reason, the clearnet seems to take forever to load for me, but you can use their onion site.

Clearnet: https://dex.robosats.com
Tor Mirror: http://robodexarjwtfryec556cjdz3dfa7u47saek6lkftnkgshvgg2kcumqd.onion

Of course, the offers will also depend on which fiat currency you will be dealing with. I usually see very few offers outside USD and EUR.
hero member
Activity: 868
Merit: 1094
I do not like how the bitcoin mempool is since many months ago. I was able to cope but not anymore. We can see lightning network on some centralized exchanges but how about decentralized exchanges? I need a decentralized exchange that I can exchange to fiat that is having good reputation and supporting lightning network.
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