We are integrated with the Lightning Network! You can use Lightning to send and receive bitcoin on Cash App.
The Lightning Network is a second layer technology applied to the bitcoin blockchain that is intended to enable faster transactions with little to no fees.
How can I send bitcoin using Lightning?
To get started sending bitcoin with the Lightning Network:
- Tap the Payments ‘$’ tab on your Cash App to get to the home screen
- Tap the QR Scanner on the top left corner of the screen
- Hold your camera over the Lightning Invoice QR code to scan it
- Follow the prompts to confirm and pay the request
How can I receive bitcoin using Lightning?
To receive bitcoin with the Lightning Network:
- Tap the Money Tab
- Tap the Bitcoin tile
- Tap the airplane button
- Tap Receive bitcoin
- Add Amount (optional)
- Tap Share to send your QR code OR Show your QR code to sender and scan
Note:
- To receive bitcoin with the Lightning Network, the sender doesn’t need a Cash App account to pay your request, but they will need a bitcoin wallet with Lightning enabled. This feature is not available to customers in New York.
- Cash App currently only accepts Bitcoin (BTC). We do not support any other cryptocurrencies (like Bitcoin Cash). When other types of cryptocurrency are sent to a bitcoin (BTC) wallet, this will result in permanent loss of funds.
Can I use Cash App for Lightning and Bitcoin Network transactions?
You can use Cash App for Lightning and transactions on the Bitcoin Network (blockchain). This means you can request, send, receive, and withdraw bitcoin with others on Cash App or outside of Cash App.
What is the difference between Lightning and Bitcoin Network Transactions?
Using the Lightning Network is a faster and cheaper way to send and receive bitcoin transactions. There are typically little to no fees involved, and it’s used to send smaller amounts of bitcoin. Lightning transactions are not recorded on the blockchain.
The Bitcoin Network (On-Chain or using the blockchain for transactions) takes more processing time, and may have some fees involved. This method relies on the blockchain to process transactions.
All Lightning transactions are almost instant. All transactions through the blockchain could take several hours to process.
Does Cash App automatically use Lightning for all my transactions?
All transactions from QR codes automatically go through the Lightning Network, unless:
- You reach your Lightning Limits for sending or receiving. Payments will then be sent via the Bitcoin Network (On-chain or via the blockchain)
- You specify that you would like to send or receive using the Bitcoin Network
Are there limits for sending and receiving using the Lightning Network?
You can send, or receive payment of up to $999 in bitcoin every 7 days using the Lightning Network.
To view your bitcoin limits and progress in app:
- Tap the Profile icon
- Tap on Limits
Why did my QR code expire?
All Lightning payment requests expire after 72 hours, and you are unable to use the same payment request twice. If you see that your requester’s QR code or link has expired, have them go through the process and send another payment request.
Can I use the same QR code to pay someone twice?
Do not pay using the same Lightning invoice QR code more than once. Sending bitcoin via the same QR code more than once will result in a loss of funds.
FAQs
Using the Lightning Network is a faster and cheaper way to send and receive bitcoin transactions. There are typically little to no fees involved, and it's used to send smaller amounts of bitcoin.
Can I send Bitcoin through the Lightning Network? ›
Using the Lightning Network is a faster and cheaper way to send and receive bitcoin transactions. There are typically little to no fees involved, and it's used to send smaller amounts of bitcoin.
Is the Lightning Network safe for Bitcoin? ›
Lightning Network Security. While the Lightning Network is promising, it's not without risks. Its security model is different from that of a traditional blockchain. Over its history, several security risks have been identified that could compromise the network and or a payment channel.
What is the Lightning protocol for Bitcoin? ›
The Lightning Network is a second-layer network intended to solve the problem of slow transaction speeds and high costs on the Bitcoin blockchain by introducing off-chain transactions. The Network allows users to open channels that can stay open until they are done transacting.
How much does it cost to send Bitcoin on Lightning? ›
Lightning Network fees are negligible. The base fee is just 1 Satoshi (0.00000001 BTC), which is roughly equal to 4 cents. Unlike Bitcoin's mainchain, fees on Lightning remain low and constant due to its high throughput. Scalability.
What are the disadvantages of Lightning Network Bitcoin? ›
Another drawback of the Lightning Network is the possibility of security vulnerabilities emerging within the system. While the network has undergone rigorous testing, there is always a risk of bugs or other vulnerabilities compromising the security of user funds.
How do I withdraw Bitcoin from Lightning Network? ›
To complete a withdrawal on the Lightning Network you need to have an invoice from a different platform or Lightning Network enabled wallet. Generate an invoice and then copy and paste the information into Lightning Invoice. After entering the invoice information, the amount will automatically populate.
Which Bitcoin wallets use Lightning? ›
An LN wallet is a wallet that supports the using the Lightning Network for making cheap and near-instant payments over the Bitcoin network. Depending on what kind of crypto you hold, popular ones include Metamask, Exodus, and Coinbase Wallet to name a few.
What is the difference between Bitcoin and Bitcoin Lightning Network? ›
The Bitcoin Network is ideal for larger value transactions, stores of value, and situations where maximum security is required. The Lightning Network is perfect for micropayments, frequent small transactions, and applications requiring instant settlements.
Does Coinbase accept Bitcoin Lightning? ›
Coinbase supports Lightning network transactions via invoices only, not lightning addresses.
The Lightning Network is built for micropayments and is not suited for making large bitcoin transactions. We recommend that you deposit between 0.000001 and 0.1 BTC. Withdrawals have a maximum of 0.1 BTC. You may send more, but it could take extra time for your payment to arrive.
How much is 1 Bitcoin Lightning? ›
Lightning Bitcoin Price Live Data
The live Lightning Bitcoin price today is $0.215517 USD with a 24-hour trading volume of $6,221.34 USD.
Which bitcoin network to use? ›
Here are some general guidelines for choosing the correct network: For Bitcoin, you will need to choose the Bitcoin network. For Ethereum and other Ethereum-based tokens (such as ERC-20 tokens), you will need to choose the Ethereum network. For Litecoin, you will need to choose the Litecoin network.
Can you send regular Bitcoin to a Lightning wallet? ›
To send bitcoin on the Lightning Network your Kraken account must be verified to an Intermediate or Pro level account. You will also need a Lightning wallet app to send to/from. Your wallet address will start with LN.
Is Bitcoin Lightning Network safe? ›
Privacy: The Lightning Network offers more privacy than the Bitcoin Network. On the Bitcoin Network, all transactions are publicly recorded on the blockchain. On the Lightning Network, however, transactions are only known to the parties involved.
How do I deposit Bitcoin Lightning? ›
To deposit Bitcoin using the Lightning Network, log into your account, and go to My Assets and click on Deposits. On the Deposit page, select BTC as the currency. If you've made deposits before, your most recent selections will be displayed. Use the Withdrawal Method drop down to select Lightning Network.
Which exchanges support Bitcoin Lightning Network? ›
Let's keep track of the exchanges that support Lightning Network
| Exchange | Lightning Support? | Status |
|---|
| Coinbase | YES (APR‑2024) | ⚡ |
| SimpleSwap | YES (JUL-2024) | ⚡ |
| Kraken | YES (APR-2022) | ⚡ |
| Bitfinex | YES (SEP-2020) | ⚡ |
31 more rowsMuun. Muun is a non-custodial mobile wallet that offers easy and secure ways of using the Lightning Network. It combines the benefits of on-chain and off-chain transactions, allowing you to send and receive payments with Bitcoin and Lightning.
Is Bitcoin the same as Lightning Network? ›
The Bitcoin Network is ideal for larger value transactions, stores of value, and situations where maximum security is required. The Lightning Network is perfect for micropayments, frequent small transactions, and applications requiring instant settlements.
