With Bitcoin transaction fees getting pretty high from time to time (especially in bull markets), people in poorer countries are priced out of sending their precious BTC.
Thankfully — outside of using wrapped bitcoin(wBTC) on networks with low fees such as Solana and Tron exists, the Lightning Network was created to be able to send and receive bitcoin with low fees and in a trustless manner.
What’s the lightning network? ⚡️
Lightning is a decentralized layer-2 network created by Lightning Labs for people to be able to send and receive bitcoin with little to no fees.
While Lightning has been worked on for years already, there definitely has been a lot of progress concerning stability and with us having more and more easier-to-use Lightning wallets.
If you want to learn more about Lightning, you can visit their website here.
Which exchanges support the Lightning Network? ✨
These exchanges currently allow deposits and withdrawals through the Lightning Network:
While a few other exchanges also support the Lightning Network, we decided not to list them because we’re not sure if they’re legitimate exchanges to start with.
What about other big exchanges? 🤔
While other well-known exchanges currently don’t support deposits and withdrawals through the lightning network, some have already said on social media (mostly Twitter) that they’re already planning to implement Lightning deposits and withdrawals. We just have to be a bit more patient!
