The Lightning Network is a second layer built on top of the main blockchain. It enables faster micro-transactions using ‘off-chain payment channels’.
The idea behind the Lightning Network is that smaller, everyday transactions need not be stored on the main Bitcoin blockchain and without worrying about confirmation times. It opens up an instant, cheap, peer-to-peer Bitcoin payments that aren’t possible anywhere in the current financial system.
Zebpay is the first large exchange to have the Lightning Network integrated as part of our quest to #SetCryptoFree.
We currently only support Sending through Lightning. Receiving is not available as yet.
What can I buy?
You can buy virtually anything. Just identify the store, copy and paste the invoice of the product or service you would like to avail from within your Zebpay account and hit send! Watch your Bitcoin payment shoot across the mainnet in milliseconds.
How does it work.
Use our demo link to experience Lightning on the Bitcoin Testnet to get an idea of how fast Lightning works. Or make an actual Lightning payment to select stores (funded by us!), by registering now.
There are 2 ways through which you can pay using Lightning through Zebpay and below are the steps and screenshots showing how to do it.
1. By Scanning Invoice
- Select Bitcoin from cryptocurrency list on your Zebpay app home screen.
- Tap on Lightning
- Tao on Scan to scan the invoice which you have received from merchant.
- Tap on Pay to make the payment.
2. By pasting the Invoice
- Select Bitcoin from cryptocurrency list on your Zebpay app home screen.
- Tap on Lightning
- Tao on Paste to paste the invoice which you have received from merchant.
- Tap on Pay to make the payment.
Lightning FAQs
Is there a limit to the amount of crypto I can send?
For the purposes of trying an actual Lightning payment, we’re allowing users to spend a maximum of 1500 Satoshis per transaction, per user.
Where can I spend these Satoshis?
Once you register with Zebpay, you can spend Satoshis only at select stores identified by Zebpay.
Do I have to pay for the transactions?
No, these are actual payments funded by us. The purpose is to allow users to try and get a feel of how lightning transactions work.
Why do I have to register with Zebpay to try an actual Lightning payment?
Since we are funding the transactions, users are required to register to prevent misuse of the program.
What charges will I have to pay for the Lightning transaction?
There are no charges to pay for using Lightning via Zebpay #setcryptofree.
For queries or concerns, please feel free to contact us.