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How to swap BTC Lightning to BCH with the lowest fees!

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Avatar for Monolith
Written by   139
1 year ago

Hey there Adepts! If you have been following us, you might already heard about Bitcoin over Lightning Network [1]. Transactions on LN are not only very cheap but also lightning fast (hence the name). Still, sometimes you might need to exchange your BTCLN for on-chain Bitcoin (normal BTC) or even better, Bitcoin Cash.

Let's see how's done:

1️⃣ Sign up to http://fixedfloat.com/ (choose Affiliate Program from the menu).

2️⃣ Choose your pair (BTCLN and BCH in this example, but it will work for any of the 20 coins listed there).

Setting the swap on.

3️⃣ Input the amount you want to swap (you will see a context menu showing you minimum/maximum allowed amounts).

4️⃣ Input the receiving address (the address where you want to receive your swapped coins).

⚠️ If the receiving address belongs to an exchange instead of personal wallet, make sure to check that the final amount coming from swap is higher than minimum deposit.

💡Leave "Float rate" on: rate will go with the market at that time.

5️⃣ Press "Exchange Now" and follow the assistant to the end of the process.

Deposit to the given address and wait for the network confirmations.

You have thirty minutes to deposit the stated amount. In case of sending a different amount, intentionally or by mistake, you will be prompt to proceed with the new amount instead.

If you live in the U.S. you need to use VPN.

FixedFloat never store your funds. All exchanges take place automatically, at the speed allowed by blockchains.

You can also swap to other 20 coins!

Taking profit from your friend's trades:

Here's something you can do to get some return: invite new users to sign up under your affiliate link and earn BTC.

This is how your affiliate rewards looks.

Minimum withdraw from your affiliate rewards is 300,000 satoshis.

For a welcome gift head to https://fixedfloat.com/lightning-faucet

Hope you find this useful. If you have questions hit the comment box below. Also don't forget to Like and Subscribe.

Monolith, signing off.

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Notes

[1] https://lightning.network/


Related

📝 Coinkit: Sending and receiving via Lightening Network for free! – Learn how to take advantage of LN capabilities in this multiplatform robot.

↗️ Surf all our posts here.

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Avatar for Monolith
Written by   139
1 year ago
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Comments

Nice info tutor

$ 0.00
1 year ago

Glad it can be of use to you.

$ 0.00
1 year ago

Glad i found out about this

$ 0.00
1 year ago

It is good to know that there are other options for currency exchange, thanks for your information.

$ 0.00
1 year ago

I checked fixedfloat after reading your article. And yes you are right. The fees there are very low indeed!

$ 0.00
1 year ago

Glad we can help.

$ 0.00
1 year ago

Yah! You are always fantastic with with useful information. This awesome and another way of earning BCH. Thanks.

$ 0.00
1 year ago

Thanks everyone for your kind comments.

$ 0.00
1 year ago

I think, at this rate, BTC-LN really needs to be its own thing. However, since it's a sidechain for a 1MB block which apparently needs more BTC than one can get usually... it is a good thing to teach how do convert LN to BCH.

$ 0.00
1 year ago

New alternatives to exchange BTC to BCH or other currency with lower transaction rates, it is always well appreciated, thanks for reporting.

$ 0.00
1 year ago