How can I get started with the Lightning Network?

A network of nodes and two-way payment channels, the Lightning Network is a blockchain-based payment technology. Without wasting time uploading data to the blockchain, the network enables users to transact with one another. You must have a wallet that supports the Lightning Network in order to begin utilising it. It is important to keep in mind that every wallet has unique features while selecting one.

Selecting a Lightning Network wallet

It is advised to consider the wallet's node-based functioning principle in order to select the one that best suits your needs.

Three different kinds of work with wallet nodes exist:

A node is created and served by the wallet itself. For people who don't want to build nodes themselves, these wallets are practical. Users can also request other users to start channels, as well as create and close channels simultaneously.
For instance, Breez, Phoenix, Eclair, and Zap all serve this purpose.
By using an API, the wallet can function as a ready-made node. The wallet only connects to the node that the user creates on his own. The user is in charge of managing every node and channel.
Only BlueWallet has this feature out of all the wallets we are looking at.
The developers launched a shared node that the wallet uses. Custodial wallets are those that operate on this tenet. Because you don't have to worry about setting up a node and channels, they are convenient. However, the user fully trusts their wallet firm and is unable to handle his money without it.

Wallet of Satoshi and  BlueWallet are two examples of these wallets.

How can I add money to my wallet?

There are two methods for funding your account while utilising your own node:

Create a channel and transmit coins to this node's address. It takes six Bitcoin network confirmations for each channel.
Using the Lightning Network, top up an account by requesting an incoming channel from a big node.
You must transmit Lightning or Bitcoin to the address of the common node if you're using it.

You can use Secureshift to fund your wallet with other cryptocurrencies by trading them in for Lightning or Bitcoin.

On the Secureshift exchanger, there is a Lightning airdrop that is free. You must meet one requirement in order to accomplish this: you must follow us on Twitter. You may find instructions here on how to transfer 1,000 Satoshi to your wallet via the Lightning Network.

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Disclaimer: It is important to note that the content of this article does not constitute financial or investment advice. The views expressed herein are solely those of the author and should not be interpreted as specific recommendations for trading or investing. Readers and visitors to the website are encouraged to explore various perspectives and familiarize themselves with relevant local regulations prior to engaging in cryptocurrency investments. We do not guarantee the reliability or accuracy of the information presented.