Americans can now quickly and easily swap bitcoin between the Lightning Network and the Bitcoin blockchain for free, without a network fee! This is important because it allows you to buy bitcoin as often as you’d like, and take self custody without stressing about UTXO management.
Whether you’re a seasoned bitcoiner managing your savings across wallets or just starting out with small purchases, the ability to move between networks should be effortless and without any fees.
You can DCA (dollar-cost average) bitcoin and take delivery on the Lightning Network as frequently as it suits you, and then when you’re ready to store for the longterm, just swap your LN-BTC from your Lightning wallet into your bitcoin wallet in cold storage.
Or; for you OGs who understand that you need to spend bitcoin to live, you can swap BTC from your bitcoin wallet to your Lightning wallet for spending (for those of you lucky enough to live in a circular economy!)
Swapping bitcoin between networks is simple, instant, and completely free at bitcoinwell.com
Below, we’ll walk you through the step-by-step process to swap bitcoin between the Lightning Network and your bitcoin wallet on the blockchain.
How to Swap from the Lightning Network to bitcoin on-chain
This is ideal when you’ve been stacking sats on the Lightning Network and want to secure them long-term in your cold storage wallet.
Step 1: Select your on-chain destination address
Go to your Swap bitcoin page and select your on-chain wallet.
Step 2: Get your unique invoice
Once you’ve selected your destination address, we’ll generate a Lightning Invoice
Step 3: Pay the Lightning Invoice
When you pay the Lightning Invoice, we will instantly convert your sats across networks and send them to your personal bitcoin wallet.
If you choose the “free batch” in your blockchain settings, blockchain fees are covered and there is 0% fee for swapping - no sats lost!
How to Swap from bitcoin on-chain to the Lightning Network
This is perfect when you want some spending sats ready to use in your Lightning wallet.
Step 1: Select Your Lightning Destination Address
Go to your Swap bitcoin page and select your Lightning Wallet address as the destination.
Step 2: Get your unique Swap Address
Once you’ve selected your destination address, you’ll see your unique Swap Address!
Step 3: Send bitcoin to your desired Swap Address
With your destination address ready and your unique Swap Address in hand, you’re ready to start swapping bitcoin across networks!
Once your bitcoin transaction is detected, we instantly convert your bitcoin from one network to the other. We will send you the bitcoin as soon as the transaction is confirmed! The best part is this process has zero fees!
The amount of bitcoin you send is the amount you receive, just on a different network!
Ready to swap?
With Bitcoin Well, swapping bitcoin between the Lightning Network and cold storage is easier than ever. Whether you’re stacking sats for the long term or looking to keep some bitcoin ready for everyday spending, you’re always in control. No custodians. No fees. Just fast, secure, and seamless bitcoin movement, exactly how it should be!
So go ahead, swap with confidence, knowing your bitcoin journey just got a whole lot smoother.
Earn sats over the Lightning Network
Earn sats when you refer your friends! When you add your Lightning Payment address from your personal Lightning Wallet to your Referral page, every time someone you referred transacts on the portal, you get a kickback paid in sats! Of course, we never custody your bitcoin, even when you get a Lightning referral reward! All bitcoin is always sent straight to your wallet. ⚡
Haven’t signed up with Bitcoin Well yet? Sign up here and embrace the Bitcoin Standard.
FAQ
What is the Lightning Network?
The Lightning Network is a “layer 2” payment protocol built on top of Bitcoin. It’s designed for fast, low-cost, scalable Bitcoin transactions.
Why would I want to swap between Lightning and bitcoin on-chain?
It depends on how you’re using bitcoin:
Stacking & Saving: Accumulate sats with dollar-cost averaging (DCA) into the Lightning Network, then move to cold storage for long-term self custody.
Spending: Withdraw from cold storage to the Lightning Network when you need bitcoin ready for fast, low-cost transactions.
Is Bitcoin Well a custodian?
No. Bitcoin Well is completely non-custodial. You retain control of your private keys at all times. The platform simply facilitates the network conversion, no custodians, no third-party risk.