Swiss cryptocurrency exchange WhiteBIT has integrated the Lightning Network, allowing users to deposit and withdraw Bitcoin through the payment layer. The feature is powered by Bitcoin infrastructure provider Voltage, with a 0.25% fee for deposits and a 0.15% fee for withdrawals. Users can complete transactions by scanning a QR code or using payment details.
WhiteBIT founder and CEO Volodymyr Nosov said the exchange aims to make blockchain technology more accessible and more widely adopted by offering practical and easy-to-use digital asset solutions. He said Lightning support makes Bitcoin faster and more useful for topping up accounts, sending and receiving funds, and spending BTC in more real-world settings.
Headquartered in Zug, Switzerland, WhiteBIT ranks 17th among global exchanges by trading volume, according to CoinGecko data. The exchange said the rollout supports faster Bitcoin payment rails for remittances, exchange fund transfers, merchant QR-code payments, and interoperability with wallets and apps that support the Lightning Network. Launched in 2018, the Lightning Network has seen a sharp rise in transaction volume this year as exchanges use it to move funds at lower cost and with higher efficiency.
WhiteBIT, a cryptocurrency exchange based in Switzerland, said it has integrated the Lightning Network, enabling users to deposit and withdraw Bitcoin through the network.
The feature is supported by Bitcoin infrastructure provider Voltage. WhiteBIT said deposit fees are set at 0.25%, while withdrawal fees are 0.15%. Users can complete transactions through QR codes or payment details.
Volodymyr Nosov, WhiteBIT's founder and CEO, said the company's mission is to make blockchain technology more accessible and more widely adopted by offering practical and easy-to-use digital asset solutions. He said adding Lightning support makes Bitcoin faster and more useful, making it easier for users to fund accounts, send and receive money, and use Bitcoin in more real-world scenarios.
WhiteBIT is headquartered in Zug, Switzerland. According to CoinGecko, the exchange ranks 17th globally by trading volume.
WhiteBIT said the launch opens a faster Bitcoin payment channel for several use cases:
- Remittances
- Transfers of funds between exchanges
- Merchant-style QR code payments
- Interoperability with wallets and applications that support the Lightning Network
The Lightning Network launched in 2018. Its transaction volume has risen sharply this year, mainly because exchanges are using the network to move funds at lower cost and with higher efficiency.
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