To make the Creamy Sriracha Dipping Sauce: Add all sauce ingredients to a small mixing bowl and mix until thoroughly blended.
Store tightly covered in the refrigerator until serving. Let sit in the refrigerator overnight or at least 8 hours. (Makes 1 3/4 cup)
To make the onion strings: Thinly slice the onions into ¼-in. rings using a sharp knife, food processor or mandoline.
Place the onion slices in a large storage bag. Make sure strips are separated.
Pour the buttermilk and hot sauce over the onions. Seal and shake the bag ensuring the marinade covers the onion strips. Marinate in the refrigerator for 2 hours.
In a large bowl sift together the all-purpose flour, seasoned salt, smoked paprika, garlic powder, black pepper, cumin and chili pepper.
After the onion strips have marinated, remove the onion strips from the marinade allowing the excess to drip off. Toss the onion strips in the seasoned flour.
Heat peanut or vegetable oil to 360°F in a large pot or countertop fryer. Fry the onion strips in hot oil until golden brown, about 3-5 minutes. Separate using tongs.
Remove fried onion strips to a paper towel lined cookie sheet to drain. Season lightly with additional seasoned salt immediately.
Serve hot with the creamy sriracha dipping sauce.