Written by Lightning Pay
Updated: August 19, 2024
Buying Bitcoin / Selling NZD
In order to make your bitcoin purchase and withdrawal as seamless and easy as possible, Lightning Pay uses a withdrawal feature called LNURL-withdraw or LNURLw. While many lightning wallets support this feature, it is not universally supported.
LNURLw
By default, Lightning Pay uses LNURLw as a mechanism for withdrawing bitcoin from the platform. As of the time of writing, here is a list of the most commonly used Bitcoin Lightning Wallets that support withdrawals from Lightning Pay.
As of the date of the last update of this article, the following wallets are not supported. We hope these wallets add support for LNURLw soon, as we love these otherwise!
- Aqua
- Strike
- Mutiny
- Nominally, Mutiny supports LNURLw, but cannot receive from Lightning Pay as of our last test.
Lightning Address
A number of wallets provide a human readable address to receive payment, even when the user is offline. As of the time of writing, these wallets have been tested to work with Lightning Pay's lightning address withdrawal feature.
The following wallets should work as well, but may have some issues with liquidity, or special conditions based on their implementation of lightning addresses.
Phoenix Wallet offers a special brand of Lightning address, based on new technology (BIP-353 and Bolt12). These are not currently compatible with Lightning Pay withdrawals.
Selling Bitcoin / Buying NZD or Bill Pay
In order to sell bitcoin through Lightning Pay, you’ll simply need to have bitcoin available on any lightning bitcoin wallet. All wallets that support payments on the lightning network can be used to deposit bitcoin for sale.
If you’re unsure which Lightning wallet is right for you, read on in our article, “Choosing a Bitcoin Lightning Wallet.”
FAQs
We have ranked the wallets based on their popularity, user-friendliness, reliability, and features.
- Speed Wallet. Speed Wallet, a top Bitcoin lightning wallet, is designed to facilitate secure, fast, and fraud-proof Bitcoin transactions. ...
- Zap Wallet. ...
- Wallet of Satoshi. ...
- Muun. ...
- Breez Wallet. ...
- Zeus Wallet. ...
- Phoenix. ...
- Eclair Wallet.
How do I cash out my lightning wallet? ›
Lightning network transactions are final and irreversible. To make a withdrawal, log into your account, go to the Assets drop down in the upper right and click on Withdrawal, or go to My Assets and click on Withdrawal. On the Withdrawal page, select BTC as the currency.
Is the Wallet of Satoshi legit? ›
Reviews and Ratings
Based on over 300 user reviews, Wallet of Satoshi has a 4.3/5.0 rating.
How do I fund my lightning wallet? ›
Select the Lightning Network wallet in your Blue Wallet app, click manage funds, then click refill from your on-chain wallet and set your desired amount. If you are using a non-custodial wallet you can connect to us here.
Is Coinbase wallet a lightning wallet? ›
Faster, Cheaper Global Payments
With this integration, Coinbase customers can now instantly send, receive, or pay with bitcoin on Lightning directly from their Coinbase account.
Does cash App support Lightning? ›
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.
How do I send money to my lightning wallet? ›
Send to a Bitcoin or Lightning wallet
- Tap Send.
- Select Bitcoin wallet.
- Scan or paste a Bitcoin address or Lightning invoice QR code.
- Enter a bitcoin amount (if applicable)
- For on-chain transactions, select your preferred delivery time.
- Confirm the send.
Can you sell Bitcoin on Lightning Wallet? ›
Sell Bitcoin from Lightning the easy way. Cash out sats directly from your Lightning wallet and withdraw funds in 19 fiat currencies on your bank account in 171 countries. Low & transparent fees.
How do I receive my Lightning payment? ›
Open your wallet on the Lightning page. Click on “Receive.” Scan your QR code button on the payer's device or have the person enter the address manually. Confirm everything is correct and proceed with the checkout.
Are there fake Bitcoin wallets? ›
Crypto Scammers can counterfeit both hot and cold wallets. Often, false hot wallets pose as legitimate internet businesses or apps. While these phoney applications may operate similarly to authentic wallets, they primarily steal users' login credentials or private keys.
First, you'll need to log into your account on the Satoshi website. Then, go to the "Wallet" section and select the "Withdraw" option. From there, you'll need to enter the amount of OEX you want to withdraw, as well as the address of the wallet you want to send the OEX to.
How to make money with Satoshi? ›
How To Mine Satoshi
- Download a Bitcoin mining app. ...
- Create an account and log in to begin.
- Choose a mining pool. ...
- Click “Start Mining”, and your Satoshi mining will begin.
- You will have to go through real-name authentication.
- Enter your details in the provided space.
What is the difference between a Bitcoin wallet and a Lightning wallet? ›
The Bitcoin Network is a secure, decentralized base layer, while the Lightning Network provides fast, cheap transactions for everyday use. Both the Bitcoin Network and the Lightning Network have their strengths, and oftentimes, they're better suited for different types of transactions.
Why use a lightning wallet? ›
The Lightning Network serves as a second layer for Bitcoin (BTC), employing micropayment channels to enhance the blockchain's scalability and process transactions more efficiently and cheaply. A Lightning wallet is significantly faster, scalable, and more efficient than traditional on-chain transactions.
Which Lightning wallet to use? ›
1. Breez Wallet. The Breez Lightning Wallet is specifically designed to work with the Lightning Network. This open-source, non-custodial wallet includes features like a sleek user interface, digital cash register, podcast player, support for multisig transactions, its own marketplace, and advanced security features.
Does Blue Wallet support Lightning? ›
Lightning functionality in BlueWallet is powered by LNDHub, an open source service that we created for this purpose. You will need to add your node (lndhub) uri to this form in order to connect to it. When you're ready, you can click on “Create” to make your new wallet.
Does Ledger wallet support Lightning Network? ›
At this time, both Ledger and Ledger Live do not offer support for the Bitcoin Lightning network, which means you can't use your Ledger device with the Lightning network just yet. To access the Lightning network, you'll need to move your Bitcoin to a wallet that does support it.
Who accepts Lightning payments? ›
Five merchants that use the Lightning Network
- 1.Travala. Travala is a travel booking platform that accepts cryptocurrencies as payment, including bitcoin, ether, and several altcoins. ...
- sMiles Bitcoin Rewards. ...
- BitGild. ...
- Bitrefill. ...
- OpenNode.
Which crypto exchanges support 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 rows