Cryptocurrency exchange Binance announced today (17th) that the platform has completed the integration of the Bitcoin Lightning Network (Lightning Network) and will allow customers to use the Lightning Network to recharge and withdraw Bitcoin (BTC) from now on. collar.
#Binance has completed the integration of Bitcoin (#BTC) on the Lightning Network and deposits and withdrawals are now open.
More details here t.co/aIofPdtAGY
— Binance (@binance) July 17, 2023
The Lightning Network is a second-layer scaling solution built on the Bitcoin blockchain. Users can use this network to create off-chain transaction pipelines to achieve faster, cheaper and scalable transactions, avoiding the need for Bitcoin Congestion problem on currency blockchain.
Binance CEO Changpeng Zhao (CZ) said in June this year that the reason why Binance started to get involved in the Bitcoin Lightning Network was because the BRC-20 craze in early May this year caused the Bitcoin network to explode and transaction fees to skyrocket, which led to Binance’s The exchange suspended Bitcoin withdrawals for the second time on the 7th and 8th of the same month.
Binance’s announcement today pointed out that users can find the designated Lightning Network deposit address on the Bitcoin “Deposit” page. The actual deposit and withdrawal operation steps can be referred to the following illustrations:
How to store BTC through the Bitcoin Lightning Network?
1. 登入您的幣安帳戶並點擊 [儲值]。 
2. 點擊 [儲值加密貨幣] 並選擇 BTC。 
3. 您將看到儲值 BTC 的可用網路。選擇 [BTC-閃電]。 
4. 輸入您要儲值的金額。點擊 [創建發票]。 
5. 您將會看見發票資訊。點擊 [複製發票號碼]，複製您的 BTC 儲值發票，並貼到您想要提領 BTC 的平台發票欄中。 
6. Once your top-up request is confirmed, your transfer will be processed. The funds will usually be credited to your Binance account shortly after.
How to make a BTC withdrawal via the Bitcoin Lightning Network?
1. 登入您的幣安帳戶並點擊 [錢包] – [法幣與現貨] – [提款]。 
2. 點擊 [提領加密貨幣]。 
3. 選擇 BTC 並選擇 [BTC-閃電] 為提領網路。 
4. 將發票貼至您欲提款的位置。輸入提領金額，您將看到相對應的交易手續費與您會收到的最終金額。您也可以選擇提款錢包。點擊 [提款] 以繼續。 
5. The system will prompt you to confirm the transaction again. Please check it carefully and click [Continue].
If you enter incorrect information or choose the wrong network when transferring money, your assets may be permanently lost. Please make sure the information is correct before confirming the transaction.
6. Verify the transaction using a two-step authentication (2FA) device. After confirming the withdrawal request, please wait patiently for the transfer to be processed.
This article Binance officially integrates the “Bitcoin Lightning Network”! Deposit and withdrawal functions are open from now on. First appeared on Blockchain.
