Bitget Supports Bitcoin Lightning Network to Propel BTC Ecosystem Advancement
Press release
Victoria, Seychelles, June
12
th, 2024 – Bitget, the world's leading
cryptocurrency exchange and Web3 company, is delighted to announce the integration of the Bitcoin Lightning Network, empowering users to instantly deposit and withdraw Bitcoin on Bitget. As a second-layer solution for Bitcoin, the Lightning Network enables faster and lower-cost BTC payment transfers, suitable for small payments and frequent transactions. The email-like address format also simplifies the operation process, making it more user-friendly.
The Lightning Network is a second layer for Bitcoin (
BTC) that uses micropayment channels to scale the blockchain’s capability and handle transactions more efficiently and cheaply. It is a technological solution designed to solve glitches associated with Bitcoin by introducing off-chain transactions. Its channel is a transaction mechanism between two parties in which each can make or receive payments from the other.
The Lightning Network addresses multiple issues plaguing cryptocurrency transactions. Firstly, it tackles the sluggishness in confirming transactions, where higher fee payers are prioritized, leaving lower-paying users waiting longer. Secondly, it aims to reduce the high energy costs associated with proposing transaction blocks, which have made the Bitcoin blockchain exceedingly expensive to operate. Lastly, the network ensures that designated recipients receive their entitled funds securely by employing
smart contracts and multi-signatures as core components, guaranteeing efficient fund disbursement through the channels. Now on Bitget, users can choose Lightning Network as a new option to top on or sell Bitcoins.
To utilize Bitcoin Lightning Network on the Bitget platform, users need to follow a few simple steps. While recharging or withdrawing Bitcoin, users may choose to switch Network to LIGHTNING. Upon selecting Lightning Network, users can conduct fast and low-cost transactions off-chain, while ensuring efficiency and scalability. Users can then transfer and receive Sats (the smallest unit of BTC) on the Lightning Network using LNURL or invoice.
Gracy Chen, CEO at Bitget, shared her views on the future potential of the Lightning Network, "The Lightning Network is a critical technology in the Bitcoin ecosystem. It not only addresses existing scalability issues but also lays the groundwork for future growth and innovation, enhancing the practicality of Bitcoin as a daily payment method. It may attract more participants and investors to the industry during bull markets. In the future, leveraging the Lightning Network could lead to the development of more advanced DApps, the issuance of new assets, and the integration of additional functionalities and use cases within the Bitcoin ecosystem."
About Bitget
Established in 2018,
Bitget is the world's leading
cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep,
Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL. For more information, visit:
Website |
Twitter |
Telegram |
LinkedIn |
Discord |
Bitget Wallet For media inquiries, please contact:
media@bitget.com
2024-06-03
Bitget Enriches VIP Access with Expanded Services and PerksHow to buy BTCBitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade nowRecommended
Press releaseBGB Set to List on KrakenVictoria, Seychelles, January 30, 2026 — Bitget, the world’s largest Universal Exchange (UEX), today announced that BGB will be listed on Kraken, marking a significant milestone in BGB’s global expansion following its transfer to the Morph Foundation in September 2025. The listing on Kraken represents an important step in extending BGB’s reach to global audiences through a platform recognized for its compliance-first approach and longstanding presence in regulated markets. By listing with an ex2026-01-30
Press releaseBitget Releases Universal Exchange (UEX) Whitepaper, Outlining the Next Phase of Global Trading Victoria, Seychelles, January 21, 2026—Bitget, the world’s largest Universal Exchange (UEX), has released its latest research whitepaper, Bitget Universal Exchange (UEX): Blueprint for Financial Technologies in Crypto, Stocks, Commodities, and Emerging Markets, setting out a clear vision for how exchanges are evolving beyond crypto-only platforms into unified, multi-asset financial systems. Authored by Ryan Lee, Chief Analyst at Bitget Research, and co-authored by Gracy Chen, CEO of Bitget, the2026-01-21
Press releaseBitget Opens Up Stock Futures for 24/7 Trading Victoria, Seychelles, January 30, 2026— Bitget, the world’s largest Universal Exchange (UEX), has announced the upcoming launch of 24/7 trading for stock futures, removing traditional market-hour constraints and giving traders uninterrupted access to global equities. The upgrade marks a major step in Bitget’s UEX vision, where crypto-native speed and flexibility extend fully into traditional markets. While equities remain largely tied to defined local trading sessions, major markets still conc2026-01-30
We offer all of your favorite coins！
Buy, hold, and sell popular cryptocurrencies such as BTC, ETH, SOL, DOGE, SHIB, PEPE, the list goes on. Register and trade to receive a 6200 USDT new user gift package!
Trade nowHow to buy BTCBitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now