How to swap BTC Lightning to other cryptos with the lowest fees!

BITCOIN'S LIGHTNING NETWORK enables fast and cheap transactions, sidestepping the main Bitcoin blockchain.

LN transactions settle instantly for near-zero fees. However, you'll occasionally need to exchange Lightning Network Bitcoin (BTCLN) for 'on-chain Bitcoin' stored on the main blockchain. Or you may wish to convert BTCLN to another cryptocurrency.

This requires a 'channel close' transaction on the Bitcoin blockchain. While cheaper than a normal bitcoin transfer, it's still slower and more expensive than a direct LN payment.

Here's a simple and cheap method to swap, that doesn't require any advanced knowledge:

+ Head to http://fixedfloat.com/ and choose Affiliate Program from the menu. Register.

+ Now choose your trading pair (BTCLN and BCH in this example, but it will work for any other coins listed).

+ Input the amount you want to swap. In the context menu minimum/maximum allowed amounts are displayed.

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

Hint "Float rate" rate will go with the market, and it's cheaper. Leave it on.

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

You can, in fact, send a different amount –intentionally or by mistake– from what you stated before, and the open order will adjust accordingly.

FixedFloat never store your funds; all swaps take place automatically, with completion times depending on blockchain traffic.

Tip Invite new users to sign up under your affiliate link and earn BTC for their trades.

Notes

[1] https://lightning.network/

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