On the Lightning network, you can send and receive Bitcoin instantly with virtually zero transaction fees.
Let your customers pay for your service or products with their sats. It's super easy: type in the ticket amount in fiat (CHF, EUR, etc.) and the app will generate a QR code for payment. The client scans it to pay the corresponding amount in sats and that's it, you will instantly receive Bitcoin in your wallet!
Sell sats from your phone in one click and withdraw funds in 19 fiat currencies on your bank account.
Transfer your Lightning sats back on the main Bitcoin blockchain in one click. You can also convert BTC to Lightning sats at any time.
Put your sats investments on autopilot! You can use our service to create standing orders from your bank with the amount and frequency of your choice. Sit back, relax and watch your sats accumulate.
Read on our blog everything you need to know to get started in the world of crypto on the right foot!
Get startedLightning is a Layer 2 technology that allows to make bitcoin transactions off the main Bitcoin blockchain, enabling cheaper and faster transactions. Transactions can then be recorded in bulk on the main blockchain, saving this way precious network resources.
The Lightning network works with channels, which are individual payment routes opened between users. Sending and receiving funds within a channel is free and instant. Users can make transactions with other users with whom they don't have a direct channel, as the network takes care of relaying the transaction across multiple channels until it reaches its recipient. Balances are only updated on the main Bitcoin chain when a channel is opened or closed by its participants.
The Bitcoin network is a blockchain, with each transaction being verified by Bitcoin miners and recorded on the Bitcoin ledger. Transactions on Lightning are processed off-chain for speed and efficiency, and are only recorded on the main Bitcoin blockchain in bulk when Lightning channels are opened or closed.
A sat, short for "satoshi", is the smallest unit of a bitcoin, just like a cent is the smallest unit of a dollar. A bitcoin and a sat are therefore different units of the same thing. Because the Lightning network is made for micro-transactions, we use sats as the unit of account instead of BTC.
There are 100,000,000 satoshis in 1 bitcoin.
No, you cannot send Lightning sats to a mainnet Bitcoin address directly. You must first close your Lightning channel to retrieve your mainnet BTC, or use our sats to BTC swap service.
No, you cannot send Bitcoin to a Lightning address directly. You must first open a Lightning channel and lock your BTC inside, or use our BTC to sats swap service.
A Lightning address (LNAddress) is an open source standard that uses the same format as email addresses to simplify sending and receiving Lightning sats.
LNURL is a protocol to create more advanced transactions than simple Lightning invoices. It usually looks like a QR code that you can scan to pay for something in sats, or a QR code that you can scan to withdraw sats from.
Making transactions on the Bitcoin blockchain is a highly secure, but it is slow and expensive which makes unsuitable for microtransactions. Lightning solves this problem by enabling instant and virtually free Bitcoin transactions.
There are no addresses on Lightning in the same way as there are wallet addresses on Bitcoin and other blockchains. Lightning transactions are made by generating and paying invoices, which contain the data required to carry out the transaction. Standards like LNAddress have been created on top of the invoice system to enable more user-friendly transactions, using email-like recipient addresses.
An invoice is the basic way to make a transaction on the Lightning network. It is generated by users as a string or QR code, which contains the data required to carry out a transaction.
Mt Pelerin Group SA is a company established in Switzerland since 2018, with offices in NeuchΓ’tel and Geneva. We are an affiliated financial intermediary, which means that our processes are regularly audited by an external and independent entity. We are affiliated with SRO-member SO-FIT, an officially recognized self-regulatory organization (SRO) according to the Anti-Money Laundering Act by FINMA, the Swiss financial market supervisory authority.
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