Post
Topic
Board Nigeria (Naija)
Re: Deposit and withdrawal now possible via lightning network on Binance exchange
by
Charles-Tim
on 19/07/2023, 08:30:52 UTC
Aldo di lightening network, de complex for me to understand, hopefully e go de more simplified for binance.
On Binance, it is just like on the wallets which you do not need to have your own lightning node or to create a channel, you will not do that and that is why they are centralized. All you have to do is to click on receive or deposit and an invoice would be generated for you. If you want to transfer bitcoin to someone, the receiver will send you an invoice which you will use for the payment.