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* Update 01-development.md Update Communication Channels channels to reflect removal of Twitter and Telegram, and emphasize SimpleX, Nostr, and Matrix chats * Update 02-languages.md Update Telegram verbiage to reference SimpleX instead. * Update 04-guides.md Update Telegram verbiage to reference SimpleX instead. * Update 05-art.md Update Telegram verbiage to reference SimpleX instead. * Update 06-outreach.md Update Twitter verbiage and reference Nostr instead * Update 00-quicks-start-guide.md Update verbiage slightly. Add more info and links. * Update 01-lightning.md Add rough draft to provide overview of Lightning Network and its relation to RoboSats * Update 02-tor.md Provide rough draft of introduction to TOR. * Update 03-access.md Add access method via Android app APK. Adjust slight typos and some wording for clarity. * Update 01-trade-pipeline.md Add TOC, swap steps and pictures placement, adjust small typos and wording. Picture was swapped with the steps because I think the picture can be slightly overwhelming versus a simple list of steps. The pictures are great but they are a lot to throw at someone right when they open the very first doc under "Understand" to learn about RoboSats. * Update 02-robots.md Clean up hyperlinks, adjust grammar slightly. * Update 03-premium.md Update verbiage, adjust grammar slightly. * Update 03-premium.md Add paragraphs on advice for choosing a premium * Update 04-bonds.md Various changes to verbiage and adding/updating information. Grammar fixes, remove reference to Telegram. * Update 05-trade-escrow.md Clean up hyperlinks, adjust some wording * Update 06-disputes.md Rough draft of disputes section. Committed changes are a placeholder for a longer and more detailed version of the dispute process. * Update 07-wallets.md Fix typos, grammar edits, add new section at bottom * Update 08-limits.md Rough draft of new content in the limits docs * Update 09-swaps.md Adjust "on-chain" to "on chain" and "sats" to "Sats" for consistency across other docs. Slight grammar fixes. * Update 10-telegram.md Small grammar fixes, clean up formatting and add table of contents * Update 12-prices.md Add verbiage note about explicit pricing method, clean up hyperlinks * Update 13-fees.md Clean up hyperlinks, small spelling fixes * Update 14-on-chain-payouts.md Add table of contents, small grammar fixes, adjust formatting * Update 07-wallets.md Change "on chain" to "on-chain" * Update 09-swaps.md Change "on chain" to "on-chain" * Update 02-tor.md Add note when using TOR and experiencing connection issues
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Although RoboSats is an exchange built on top of the Lightning Network, there is an option for the buyer to receive their Sats to an on-chain bitcoin address. This is referred to as an on-chain payout or, sometimes, an on-chain swap (not to be confused with P2P Swaps).
In the UI, this option is available after the taker has locked their bond. When the order status is on "Waiting for buyer invoice", you should see two options: "Lightning" and "Onchain"
When you click on the on-chain address option you see the following:
An overview of the fees is displayed and you can enter an on-chain bitcoin address for the payout and also enter the mining fees. The swap fee is an additional fee that RoboSats charges for making the on-chain payment. This does not include the taker/maker fees. The swap fee is charged on the amount after deducting the taker/maker fees.
In addition to the swap fee, there's also the mining fee for the on-chain transaction. You can choose the mining fee that suits your need of the hour. The mining fee input let's you choose the fee rate in sats/vbyte.
If the on-chain address is valid, then the order moves to the next stage as usual. At the end, if the trade was successful, then you should see a screen something like this with the transaction ID of the payout:
On-chain Payout Fees
The on-chain payout fees (AKA swap fees) keep changing from time to time. It may range from 1% to 10%. To get the current on-chain fees, you can check the exchange summary by clicking on the "%" button from the home screen:
The exchange summary dialogue displays the current value of the on-chain payout fees:
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