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Comment on Launch HN: Sparkswap (YC S18) – Buy Bitcoin Instantly over the Lightning Networkparent

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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.

tg3OP

Sparkswap opens the channel to the user, so Sparkswap will incur the channel opening and closing fee.

That'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).

One 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).

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