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Can I use a lightning address across different cryptocurrency exchanges?

avatarChidimma ToniaDec 28, 2021 · 3 years ago3 answers

Is it possible to use the same lightning address for multiple cryptocurrency exchanges? I'm curious if I can use a lightning address generated on one exchange to receive funds on another exchange. Can someone explain how this works?

Can I use a lightning address across different cryptocurrency exchanges?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Yes, you can use a lightning address across different cryptocurrency exchanges. A lightning address is a unique identifier that represents your lightning network payment channel. It is not tied to any specific exchange, so you can use it on any exchange that supports lightning network transactions. When you generate a lightning address on one exchange, you can provide it to another exchange to receive funds. Just make sure that the exchange you want to use supports lightning network transactions.
  • avatarDec 28, 2021 · 3 years ago
    Absolutely! You can use the same lightning address on multiple cryptocurrency exchanges. A lightning address is like your digital wallet's email address. Just like you can receive emails from different email providers using the same email address, you can receive funds from different exchanges using the same lightning address. It's a convenient way to manage your funds across different platforms.
  • avatarDec 28, 2021 · 3 years ago
    Definitely! You can use a lightning address across different cryptocurrency exchanges. It's a feature that promotes interoperability and convenience in the crypto space. For example, at BYDFi, we support lightning network transactions and you can use your lightning address to receive funds from any exchange that supports lightning network payments. So, feel free to use your lightning address on multiple exchanges and enjoy the benefits of lightning fast transactions!