How to Deposit and Withdraw Bitcoin with Lightning Network
How to Deposit and Withdraw Bitcoin with Lightning Network
HeartBit Newsletter #2
Lightning Network is a layer-2 payment protocol built on top of Bitcoin. It has revolutionized how we transact with Bitcoin by enabling instant transactions and almost zero fees.
This guide will help you how to deposit and withdraw Bitcoin from HeartBit wallet to Lightning Network enabled wallets and exchanges, or vice versa.
1. Prepare a Lightning Network Supported Wallet or Exchange (Recommended list)
💡Note:
* Few states are not available
** May be restricted based on where you live
2.1. To Deposit Bitcoin to HeartBit Wallet
Buy Bitcoin from a wallet supporting fiat on-ramping or an exchange.
Open the HeartBit app.
Tap on ‘Wallet’ tab and select 'Deposit'.
Enter the amount of bitcoin(in satoshi) to deposit.
Scan the QR code or input the invoice address with or into your wallet or exchange to send the Satoshi. (You may need to select ‘Lightning Network’.)
2.2. To Withdraw Bitcoin from HeartBit Wallet
Open the HeartBit app.
Tap on ‘Wallet’ tab and select 'Withdraw'.
Enter the amount of bitcoin(in satoshi) to withdraw.
Scan the QR code or input the invoice address with or into your wallet or exchange to receive the Satoshi.
This guide should give you a solid start on using wallets and exchanges that support the Lightning Network. Always remember to use secure and trusted platforms.
The specifics of the operations might vary slightly from one app to another, but the general principles remain the same.
If you have any questions, do not hesitate to refer to the help section of your specific app or contact their customer support.
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