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RE: You need to know about V4V.app and Lightning Bridge for Leofinance

in LeoFinance2 years ago

Will the btc there be usable only within the lightning ecosystem? Or will we be able to later withdraw it out of the lightning ecosystem to a centralized exchange for example?

What kind of fees are we looking at?

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You can move it to the blockchain and then do the normal Bitcoin transactions with the normal fees.

Lightning is a second layer with much lower fees

Moving BTC in and out of Lightning is a bit tricky. Wallet of Satoshi, Muun Wallet and Breez can all do it usually for a fee of 0.5% or a little more. I think that in the US Kraken takes deposits and will allow withdrawl in Lightning.