Topic: Some exchanges accepting Lightning Network (Read 482 times)
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Kraken has taken the step and planned to implement Bitcoin Lightning Network in the upcoming year. It's great as Kraken is one of the major exchanges. Hopefully, we soon will see all the major exchanges, gambling platform starts accepting LN payments. Learn more here- https://www.coindesk.com/kraken-exchange-integrate-bitcoin-lightning-2021
I just found an article exchange with the support Lighting network > Exchanges with support for bitcoin Lightning network ⚡ payments
but I never tried all of the lists, do with your own risk.
but I never tried all of the lists, do with your own risk.
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Do you know more? Please recommend me here and I will update the OP with your recommendation. I guess it's right time to start using LN everywhere.
Do you know more? Please recommend me here and I will update the OP with your recommendation. I guess it's right time to start using LN everywhere.
I'm planning of listing services which allow payments with LN as well. I just have known that microbet.fun allows sport bets with LN which I think a good solution on recent increase of fee.
What do you think? Should I change the title of this thread and list all in one thread or just create another thread to list other services while keep exchange list seperate? Any idea would be welcomed.
What do you think? Should I change the title of this thread and list all in one thread or just create another thread to list other services while keep exchange list seperate? Any idea would be welcomed.
Except microbet has also closed down;)
I'd love a list of such LN services and categorize it into services, gambling will be a very popular one in this forum but I think exchanges are really where the fees have hurt people. Can't imagine the more popular ones getting on LN however, when segwit has been a struggle to adopt.
Most of these platforms are unknown, so it is best to avoid them, especially since many of Scam exchanges use new updated services such as the Lightning Network to convince others that they are feasible platforms.
The platforms may not be the right place for the lightning network because the main purpose of them is to make small and daily payments such as buying coffee, daily products and others + https://www.bitrefill.com/gift-cards/?hl=en.
The platforms may not be the right place for the lightning network because the main purpose of them is to make small and daily payments such as buying coffee, daily products and others + https://www.bitrefill.com/gift-cards/?hl=en.
It's a reality that not all site are necessary to adventure into,so many of them are avenue to scam people,
Let try to skip many to avoid blame and lost of money
I has been scammed by one investment platform's before and I nearly damage myself because of the money involve,I will not advice any one to go into any forum or platform to invest without carrying out a proper investigation.
I'm planning of listing services which allow payments with LN as well. I just have known that microbet.fun allows sport bets with LN which I think a good solution on recent increase of fee.
What do you think? Should I change the title of this thread and list all in one thread or just create another thread to list other services while keep exchange list seperate? Any idea would be welcomed.
What do you think? Should I change the title of this thread and list all in one thread or just create another thread to list other services while keep exchange list seperate? Any idea would be welcomed.
From that list I only know bitfinex but it is still good to know there are others.
It has to be pointed out that whenever you deposit Lightning Bitcoin on Bitfinex, it posts in your account as a seperate (LNX) token. That token has to be converted to Bitcoin on the wallet page and vice versa if you want to exit through Lightning. I find it a bit weird that they don't credit it as Bitcoin right away, but perhaps there is a valid (security?) reason for that I can't think of right now.I understand they keep track of their wallet balance as per the blockchain, and compare that balance to total wallet balances as per their business records. I can't speak to their current specific procedures, but my presumption is if there is a large enough variance, they will stop processing withdrawals, and stop crediting deposits until they figure out what is wrong.
They probably have similar safeguards in pace for LN balances.
It is easier to keep track of various coin balances, and troubleshoot any problems they encounter if all balances are kept separate.
But, I am a bit concerned about the list of exchanges your mentioned because not all of those exchanges are well-known and it can prove fetal for our monetary system to trust on any unknown exchange.
From the list above, I have no idea about SouthExchange, other than this, rest exchanges are so far well known and have no much of reputation issue I have seen. Bitstamp is one of the good and most used exchanges. Bitfinex isn't much popular though.Others are swap site with a good reputation. There's no problem with these exchanges. Nevertheless, one must check and verify the legality before they use any service.
I'm glad someone mentioned this - everyone should check legality of each move they do in crypto field, because most of countries either hasn't established legal status to crypto or it is illegal by default
because you want to save few satoshis from the transaction fee due to them using LN. Exchanges today I think will adjust their fees after all BTC goes 10k
That's not true. LN will give us savings on fee, that' true but you know you can never get BTC transferred into your wallet instantly. Exchanges require confirmation, fee is too high sometimes. Overall, with LN, the goal is to not saving fees only; you can send/receive BTC more frequently when needed. Moreover, exchanges can adjust the withdrawal fee, not the network fee which sometimes go much higher; for instance during 2017. Bitfinex is well known that that bitstamp in my view. I have been using bitfinex for as long as 2015, weren't Tether company related to them?
The rest in the list is pretty much unknown, I can only say be careful when it picking up which platform all because you want to save few satoshis from the transaction fee due to them using LN. Exchanges today I think will adjust their fees after all BTC goes 10k
But, I am a bit concerned about the list of exchanges your mentioned because not all of those exchanges are well-known and it can prove fetal for our monetary system to trust on any unknown exchange.
From the list above, I have no idea about SouthExchange, other than this, rest exchanges are so far well known and have no much of reputation issue I have seen. Bitstamp is one of the good and most used exchanges. Bitfinex isn't much popular though.Others are swap site with a good reputation. There's no problem with these exchanges. Nevertheless, one must check and verify the legality before they use any service.
Lightening networks have really made bitcoin transactions much more easier and faster. We do not need to wait hours to see confirmation on the network in order to start trading onto the exchange but with lightening network we could see the coins reflected into our account after a few minutes of sending the transaction.
Isn't this something great about bitcoins and hence it might also be occupied by most of the exchanges because we cannot really afford to lose time in terms of trading with bitcoins or any other coins because the high volatility nature of those coins can make instant pump or dump and hence we do need to be instant and LN are best solution in this case. But, I am a bit concerned about the list of exchanges your mentioned because not all of those exchanges are well-known and it can prove fetal for our monetary system to trust on any unknown exchange.
Isn't this something great about bitcoins and hence it might also be occupied by most of the exchanges because we cannot really afford to lose time in terms of trading with bitcoins or any other coins because the high volatility nature of those coins can make instant pump or dump and hence we do need to be instant and LN are best solution in this case. But, I am a bit concerned about the list of exchanges your mentioned because not all of those exchanges are well-known and it can prove fetal for our monetary system to trust on any unknown exchange.
Is there a list of shops accepting lightning payments?
Is there such thing at all?
Such marketplaces can't be found yet because lightening networks are not been used in major quantity at least for now as they are not yet known on large scale. As far as I know, Lightening networks payment processing was launched in January 2018. The use cases of lightening networks are on a minimum scale from the date but now, majority of people are knowing the benefits of LN and hence the popularity is driving lightening networks crazy. Also we could see that a lot of scam exchanges or websites are promising to use lightening networks onto the platform but only minimum of those survive.Is there such thing at all?
Starting a marketplace accepting LN payments can really be a head start to start regulating bitcoins and should be considered by any highly reputable marketplaces.
Great info, thanks OP for collecting and sharing it!
Is there a list of shops accepting lightning payments?
Is there such thing at all?
Is there a list of shops accepting lightning payments?
Is there such thing at all?
From that list I only know bitfinex but it is still good to know there are others.
It has to be pointed out that whenever you deposit Lightning Bitcoin on Bitfinex, it posts in your account as a seperate (LNX) token. That token has to be converted to Bitcoin on the wallet page and vice versa if you want to exit through Lightning. I find it a bit weird that they don't credit it as Bitcoin right away, but perhaps there is a valid (security?) reason for that I can't think of right now.Coinbase will not stay behind, but there is no rush to the implementation of LN either.
They can bank on their first mover advantage and main fiat on/off ramp in the space for many more years to come. No exchange brought more capital into Bitcoin than Coinbase. I don't see that change at all.
It might not be that much of importance right now, but when the fees see a sharp increase, most people will look for an exchange with low withdrawal fees, which the exchanges that offer Lightning support can provide. Coinbase's fees peaked over 0.002BTC back in 2017 which is nuts. No way people will swallow that again while there are much cheaper alternatives available today. They can bank on their first mover advantage and main fiat on/off ramp in the space for many more years to come. No exchange brought more capital into Bitcoin than Coinbase. I don't see that change at all.
Same even goes for already established sites like Bitfinex, unfortunately.
I had tried to reach them to know how frequent LN is being used or how much people talks about LN in their chat/support, they promised to share the data but no luck unfortunately. I didn't yet tried with any of the exchanges and yes, the service is yet to be established. In fact, a lot of people have no idea what LN is & how it works. On top of that, very few wallet supports LN. May be, with the update of Electrum, people will get more interested with that.Quote
Either way, I got another addition for your list -- Bitstamp:
Updated, thanks. 
As pointed out by hugeblack most of these services are not yet established, so caveat emptor! Same even goes for already established sites like Bitfinex, unfortunately.
Either way, I got another addition for your list -- Bitstamp:
https://www.bitstamp.net/lightning-network-node/
Stats as of writing:
Either way, I got another addition for your list -- Bitstamp:
https://www.bitstamp.net/lightning-network-node/
Stats as of writing:
Channel count: 294 / 35781
Connected nodes: 288 / 6287
Node capacity: 14.30128051 BTC / 873.27689107 BTC
Connected nodes: 288 / 6287
Node capacity: 14.30128051 BTC / 873.27689107 BTC
From that list I only know bitfinex but it is still good to know there are others.
Bitfinex might be the exchange people know from OP's list, but not one I feel comfortable using or recommending others to use it. In a few years when Lightning gets adopted widely, the others won't be able to afford to ignore it anymore. Shits like coinbase will drag their feet to the last minute probably. I expect binance to be the second big LN exchange.
Coinbase will not stay behind, but there is no rush to the implementation of LN either. They can bank on their first mover advantage and main fiat on/off ramp in the space for many more years to come. No exchange brought more capital into Bitcoin than Coinbase. I don't see that change at all.
Most of these platforms are unknown, so it is best to avoid them, especially since many of Scam exchanges
Thanks, I would have added more but didn't because I was totally new to most of the services listed in the link.From that list I only know bitfinex but it is still good to know there are others.
There are some more familiar swap sites as well; for instance- hodlhodl. I didn't add some of these because I have no much information like how much nodes are they connected to , how much channel are there etc. Have tried checking in explorer with hodlhodl and its alias but I wasn't able to find. Jump to: