What Is Lightning Network?
The Lightning Network enables deposits and withdrawals with lower fees and greater efficiency. Designed to facilitate microtransactions, it has a maximum trading limit of 0.05 BTC per transaction and a daily cap of 0.5 BTC per user.
Key Advantages of Lightning Network:
- Higher TPS (Transactions Per Second): Operates off-chain before settling on-chain, bypassing Bitcoin’s scalability limitations (currently 7 TPS). Potential capacity: millions of TPS.
- Low-Cost & Instant Settlements: Ideal for micropayments, with approvals in seconds and minimal fees compared to slow, expensive on-chain BTC transactions.
How to Withdraw via Lightning Network?
Via Web
- Log in to your OKX account, navigate to Assets > Withdraw.
- Select BTC and On-Chain withdrawal method, then click Next.
- Choose BTC-Lightning network. The "Address" field will switch to "Lightning Invoice."
Enter the Lightning Invoice from your deposit platform. Confirm Amount and Fees.
- Note: Withdrawal amount must exceed the minimum but stay within your verification level limits.
- Complete 2FA verification and submit the order.
👉 Master Lightning Network withdrawals with OKX’s step-by-step guide
Via Mobile App
- Open the OKX App, go to Assets > Withdraw.
- Select BTC and On-Chain withdrawal.
- Choose BTC-Lightning network. The "Address" field updates to "Lightning Invoice."
- Input the Lightning Invoice, confirm details, and submit.
FAQs
1. What’s the maximum daily Lightning Network withdrawal limit?
- 0.5 BTC per user, with a per-transaction cap of 0.05 BTC.
2. Why are Lightning Network fees lower?
- Transactions occur off-chain, reducing blockchain congestion and fees.
3. Can I use Lightning Network for large BTC withdrawals?
- No, it’s optimized for micropayments (≤0.05 BTC per transaction).
4. How fast are Lightning Network withdrawals?
- Near-instant, typically settling within seconds.
5. Is Lightning Network secure?
- Yes, it uses smart contracts to ensure off-chain safety before on-chain settlement.
👉 Explore OKX’s Lightning Network features for seamless crypto transactions