Quote from: Sky_T on July 08, 2024, 12:27:03 PM

First you need to know that the Bitcoin ecosystem allows you to exchange and transact money in so many different ways than you normally do.

Please don't tell me that other ways are with Wrapped Bitcoin tokens?

Like you deposit your bitcoin and choose Wrapped Bitcoin token as your withdrawal methods to get cheaper withdrawal fee. It is possible to save fee but this has big risk with Wrapped Bitcoin tokens that are not bitcoins.

Quote from: pooya87 on Today at 04:58:01 AM

What do you mean by this?
When using Bitcoin, you can only transfer bitcoin and only in one way (on-chain transactions and by sending coins to one or more destination addresses by spending one or more inputs). Any other methods (eg. using altcoins) is not a Bitcoin related way.

Bitcoin on chain and off chain like Bitcoin Lightning Network. There are Bitcoin side chains for considerations too.

I am more keen on Bitcoin on chain for transactions because it is a most secured way but I have to plan my fund movement well to avoid unnecessary expensive transaction fee if I have no plan and sudden need to move my fund. As a Bitcoin investor, I don't actually have need to move my Bitcoin fund too often.

Sidechain Observer - Bitcoin L2 Projects & current state of development