The Lightning Network is a ‘layer 2’ protocol that operates on top of Bitcoin’s blockchain, enabling fast bitcoin deposits to your Bitaroo account.
To deposit bitcoin via the Lightning Network:
1. Go to 'Account' --> 'Deposit'
2. Toggle the switch to 'Lightning'.
Choose to deposit to your LN Address (a QR code is also available) or generate an LN invoice by following these steps:
1. Enter the desired deposit amount
2. Click on 'Generate Invoice'
3. Scan the QR code or copy the code string to your Lightning Wallet to pay the invoice.
Please note:
Users can generate only one invoice at a time, but once it is paid or cancelled, they can generate a new one. There is no limit to the total number of invoices.
LN deposits are settled almost instantly, and the amount should appear in your balance within seconds of the payment being made.