A Simple Guide to Withdrawing Bitcoin from Binance to Blink Using the Lightning Network

Discover the convenience of using the Lightning Network to make quick, affordable bitcoin transactions! In this guide, we will show you how to effortlessly transfer your sats from Binance to Blink. Remember, Blink does not impose any charges when receiving Lightning payments; visit our website to learn more about our fees

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How to receive bitcoin from Binance to Blink?

Before initiating a bitcoin transaction, be aware that Binance might levy a fee and enforce a minimum withdrawal limit. To streamline the process, it's advisable to specify the desired amount in satoshis (remember that a bitcoin is divided in 100,000,000 satoshis), instead of a fiat currency. 

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To create an invoice to receive bitcoin on Blink, you need to:

1. Select the "Receive" option

1. Choose between your bitcoin account or your Stablesats account
2. Set the amount of sats you want to receive
3. Copy your Lightning invoice 

2. Go to your Binance account 

1. Go to your “Funding Wallet”, your bitcoin should be already there 
2. Select “Withdraw” 
3. Select “Bitcoin” 
4. Select “Send via Crypto Network”
5. Paste your Lightning Invoice 
6. Select “Withdraw” and “Confirm” 

By following these steps, you can enjoy secure, cost-effective transactions between Binance and Blink, taking full advantage of the benefits offered by the Lightning Network.