Lightning Network 101

lightning network 101

Lightning Network 101

Getting a bitcoin wallet that supports the Lightning Network

Goal

You set up a bitcoin wallet that supports sending and receiving bitcoin via the Bitcoin Lightning Network. For this guide, we will install the BlueWallet bitcoin wallet by BlueWallet Services S.R.L.

Instructions

  1. Download BlueWallet for iPhone from iTunes or Android from Google Play Store
  2. Follow the on-screen instructions to first create a bitcoin wallet
  3. Follow the on-screen instructions to create a bitcoin lightning wallet
    MAKE A BACKUP OF YOUR PRIVATE KEYS. Tap the “options” for each wallet and tap “Export / Backup”. Store the private keys in a safe place.
  4. Deposit some bitcoin to the bitcoin address
  5. Once your wallet receives the bitcoin, you can tap the bitcoin lightning wallet and refill it with some Satoshi by selecting the “manage funds” option.
    MAKE A BACKUP OF YOUR PRIVATE KEYS. Tap the “options” for each wallet and tap “Export / Backup”. Store the private keys in a safe place.

 

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