Replying to Neopatriarch

I can buy Bitcoin on Strike and use it in the LN, but how do I move the #bitcoin I have onto the lightening network? This doesn't seem like it should be a difficult proposition, but none of the lightening wallets I have seem to allow for this. WoS, Strike, Alby.

I just installed Alby, does it not have an LN address?
Avatar
🐢 2y ago

There are two ways to move cash money to lightning on strike. One, as you mentioned, is to buy bitcoin. You can’t send it directly to lightning though, as the bitcoin is held on chain. Therefore, you send it to your lightning nodes on chain wallet, and open a channel with it. If you don’t have your own node, you need to start one for this option. If you’d like to send lightning bitcoin directly to a custodial service like WoS, you’ll need to produce a lightning invoice within that service, and then scan it from the home page in strike using the QR code reader top right. Instead of “buying” bitcoin, and then sending it, you simply pay the lightning invoice and strike will send your sats over lightning network to your other wallet service

Reply to this note

Please Login to reply.

Discussion

Avatar
🐢 2y ago

If all your cash money is tied up in bitcoin previously purchased, and you want to move all or some of that bitcoin to one of the lightning wallets you control, simply sell your bitcoin within strike, and then generate an invoice equivalent to that amount, and pay it using the home page