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 
   
 
  How to buy BTCBitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade nowRecommended
- Press releaseBitget Turns Up the Heat on Earnings Season with Zero-Fee U.S. Stock Token Trading Victoria, Seychelles, November 3, 2025 — Bitget, the world’s largest Universal Exchange (UEX), has launched zero fees, and gas, for traders on the platform for U.S. based stock trading. Users have access to more than 100 of the world’s top stock tokens, including Apple, Tesla, Nvidia, Microsoft, and Amazon, with no transaction fees and no gas fees. The campaign runs exclusively on Bitget’s Stock Tokens page, available through the latest version of the Bitget app from November 3, 8:05 AM to De
2025-11-03
 - Press releaseBitget Lists Kite (KITE) for Spot Trading Victoria, Seychelles, November 3, 2025 – Bitget, the world’s largest Universal Exchange (UEX), announced the listing of List Kite (KITE) in the Innovation, Public Chain and AI Zone, adding it to spot trading. Trading for the KITE/USDT pair will begin on 3 November 2025, 13:00 (UTC), with withdrawals available from 4 November 2025, 14:00 (UTC). Kite AI is a next-generation, EVM-compatible Layer 1 blockchain crafted to become the first AI payment blockchain. While AI agents can
2025-11-03
 - Press releaseBitget and Hummingbot Deepen Partnership to Advance Open-Source Liquidity InfrastructureVictoria, Seychelles, November 3, 2025 — Bitget, the world’s largest Universal Exchange (UEX), today announced an expanded partnership with Hummingbot, the open-source Python framework that enables traders and developers to build and run automated trading strategies across centralized and decentralized exchanges. The collaboration builds on the pair’s earlier integration for perpetual futures, extending it to support multi-asset, cross-exchange strategy deployment within Bitget’s growing Univer
2025-11-03
 
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

