Binance Completes Integration of Lightning Network For Deposits & Withdrawals
The world's largest cryptocurrency exchange has enabled BTC deposits and withdrawals via the Lightning Network.
- "Binance has completed the integration of Bitcoin (BTC) on the Lightning Network. Deposits and withdrawals for Bitcoin (BTC) are now open on the Lightning Network," stated the announcement.
- "Please find your assigned Bitcoin (BTC) deposit address on the Lightning Network within the Deposit Crypto page here. To learn how to deposit Bitcoin (BTC) on the Lightning Network, please refer to this FAQ."
- Binance first promised to integrate the Lightning Network when Bitcoin network fees spiked back in May. Binance's Lightning node has been spotted on the network a month ago.
- Some users reported unreasonably high Lightning network fees when initiating withdrawals.
