The Lightning Network is a layer 2 protocol that operates on top of Bitcoin's blockchain; it enables fast bitcoin withdrawals from your Bitaroo Account.
To withdraw bitcoin via the Lightning Network:
1. On the app, go to 'Withdraw', or on the web platform, go to 'Account' --> 'Withdrawal'.
2. Switch Lightning to 'On'.
3. Choose a LN withdrawal method:
a. Send to LN Address: insert the address (name@domain) and amount (or click 'Max').
or
b. Pay LN Invoice: Paste the invoice you wish to pay (with pre-filled amount).
4. Click 'Confirm Withdrawal'.
Once confirmed, the withdrawal should be processed almost instantly.
Lightning withdrawal fees
See all fees here.
Withdrawal didn't arrive?
At times, Lightning withdrawals cannot complete. This usually happens when there isn’t sufficient inbound capacity to the receiving wallet or if no route to it can be found.
The payment will eventually succeed or fail, but it may take up to 24–48 hours.
Should the payment fail, the entire withdrawal amount will return to your Bitaroo account. No fees will apply.