Exciting news! Binance now supports the Lightning Network, bringing unparalleled speed and efficiency to Bitcoin withdrawals. Say goodbye to lengthy transaction times and hefty fees. In this step-by-step tutorial, we'll guide you through the seamless process of withdrawing Bitcoin using the Bitcoin lightning enabled Wallet - Wallet of Satoshi.
On Binance the Network fees for Lightning Network are incredibly low, ranging between just 100 to 16,000 sats (0.00000100 to 0.00016000 BTC), making it an incredibly cost-effective way to move your funds. Whether you're a seasoned crypto enthusiast or a beginner, this tutorial is tailored to help you navigate the Lightning Network with ease.
I recommend using Wallet of Satoshi (WOS) and later move to on custodial wallet like Phoenix.
00:00 Introduction.
00:12 Recap - What is Bitcoin Lightning Network?
00:35 What you need
01:13 Withdraw Process on Binance
03:06 Depot BTC on Lightning Network
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