I want to transfer my BTC from electrum wallet to Binance wallet through Lighting Network. Is it possible? If yes, How ?
Also if I transfer it back from Binance to my wallet, is it possible? How much binance charge fee?
Also is lighting network transaction traceable on blockchian ? If yes, link where i can trace it.
Also if I transfer it back from Binance to my wallet, is it possible? How much binance charge fee?
Also is lighting network transaction traceable on blockchian ? If yes, link where i can trace it.
Lightning network transactions are not traceable on the blockchain. All the information necessary to prove a payment happened will be stored in your wallet. I am not too familiar with Electrum’s implementation of Lightning but I imagine it’s very similar to other wallets. There is an old guide published here by another member Electrum Lightning Network walkthrough. The image links are broken but you can still get the relevant information from the text alone.
To transfer to Binance you need to create an invoice on Binance for the amount you want to deposit. It would be possible to transfer back to your wallet by creating an invoice on Electrum. The fee you will be charged for withdrawing is only 100 satoshis.