Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: Abiky on November 06, 2019, 07:46:28 PM



Title: Lightning Network Crypto Exchanges?
Post by: Abiky on November 06, 2019, 07:46:28 PM
I'm looking for a list of crypto exchanges that make use of the Lightning Network for transaction settlement. I've toppled with an exchange called "FixedFloat" which works seamlessly trading "BTCLN" to "ETC". But I want to know if there are other exchanges that would allow me trade "BTCLN" to other cryptocurrencies, just to have a variety of options to choose from. I have to say that my experience using "FixedFloat" was seamless as the trade was executed instantly. My ETC arrived in just a matter of seconds.

I believe that the more crypto exchanges accept LN payments, the better, as people will be able to trade Bitcoin to another cryptocurrency in a faster and cheaper manner than before. Of course, LN's atomic swaps will render the need for a crypto exchange using LN payments highly unnecessary. But, this feature is still experimental nowadays.

Any suggestions or recommendations will be highly appreciated. :)


Title: Re: Lightning Network Crypto Exchanges?
Post by: BitMaxz on November 06, 2019, 09:18:46 PM
I can't find any exchanges that use Lightning network here on the forum but when I tried to search on google I found one that you can exchange but the problem it seems they only support BTC to USD and you need to install their software.

Here's their website https://sparkswap.com/

I don't know how safe is this LN exchange but someone posted this exchange from here (https://bitcointalk.org/index.php?topic=4802229.0) it seems it's not yet popular only few people mention this here on the forum.


Title: Re: Lightning Network Crypto Exchanges?
Post by: odolvlobo on November 07, 2019, 02:21:15 AM
Bitstamp has a Lightning node.


Title: Re: Lightning Network Crypto Exchanges?
Post by: joniboini on November 07, 2019, 04:13:24 AM
https://www.coinplaza.it/ try this. IIRC Loyce use this exchange (his alt account has the ref link on the sig), so if you want to check it further, try to ask LoyceV.


Title: Re: Lightning Network Crypto Exchanges?
Post by: LoyceV on November 07, 2019, 09:56:22 AM
https://www.coinplaza.it/ try this. IIRC Loyce use this exchange (his alt account has the ref link on the sig), so if you want to check it further, try to ask LoyceV.
Correct. I mainly like it because of the very low fees on small exchanges. They charge 1%, and don't add transaction fees. I've used it to buy 1000 Doge with LN (to get inbound capacity), or transfer 1 mBTC LN to on-chain. In this last case they paid more on transaction fees than I paid for the exchange.
Trading up to 100 euro per day is possible without KYC.


Title: Re: Lightning Network Crypto Exchanges?
Post by: Abiky on November 07, 2019, 07:13:23 PM
I can't find any exchanges that use Lightning network here on the forum but when I tried to search on google I found one that you can exchange but the problem it seems they only support BTC to USD and you need to install their software.

Here's their website https://sparkswap.com/

I don't know how safe is this LN exchange but someone posted this exchange from here (https://bitcointalk.org/index.php?topic=4802229.0) it seems it's not yet popular only few people mention this here on the forum.

This is great. While this software doesn't provide additional trading pairs, it's quite useful for people looking to get quick access into Bitcoin with USD. Compared with bisq, I think SparkSwap is a better alternative for exchanging USD to BTC as order settlement is practically instant. Of course, without popularity I don't see this software-based LN exchange going anywhere. Still, it's a great solution for seamless trading between USD and BTC.

As of now, "FixedFloat" seems to be the best exchange available for the LN. There are a couple of trading pairs listed there, but quite a few cryptocurrencies are missing. Just wanted to know if there where additional exchanges that accepted LN payments with a wide array of cryptocurrencies to choose from. The more LN exchanges there are, the better it'll be to keep up the competition. Exchanges which accept LN payments would then battle against others in order to provide the lowest trading fees possible, while maintaining high performance. But again, with LN's atomic swaps on the way, this would be highly unnecessary. :)


https://www.coinplaza.it/ try this. IIRC Loyce use this exchange (his alt account has the ref link on the sig), so if you want to check it further, try to ask LoyceV.

Cool. This looks like a great alternative to "FixedFloat". I'll add it to my favorites list for later access. With LN's privacy (sort of) you can obtain any other cryptocurrency in an anonymous manner. Exchanging "BTCLN" to "XMR" seems to be the best solution yet for full-fledged privacy. I think I'm going to like this exchange after all.  ;D


Title: Re: Lightning Network Crypto Exchanges?
Post by: notblox1 on November 07, 2019, 07:15:55 PM
Stakenet is working on exchange to support Lightning network. It is 85% finished.
https://stakenet.io/

Best thing about it is that it will be decentralized, with cross-chains and low fees


Title: Re: Lightning Network Crypto Exchanges?
Post by: bounceback on November 08, 2019, 02:38:06 AM
now we rarely get exchanges using lightning, maybe there are only a few exchanges that use such a system, but I have previously read an article that provides information about Zebpay exchanges that use the LN system in it.

https://zebpay.com/

to find out more information you just go to that link, hopefully you are interested in the exchange.


Title: Re: Lightning Network Crypto Exchanges?
Post by: joniboini on November 08, 2019, 03:39:32 AM
to find out more information you just go to that link, hopefully you are interested in the exchange.

So you didn't check it?

Even if Zebpay does support LN, you need to verify your account aka KYC. Not sure this is the best choice.


Title: Re: Lightning Network Crypto Exchanges?
Post by: mindrust on November 08, 2019, 05:57:36 AM
Bitstamp has a Lightning node. I opened a channel with them.

They have a lightning node for their own private stuff probably. The other possibility is they are waiting for the right time to implement the feature.

It is not a complete exchange like binance but hodlhodl allows you to use lightning network on theit platform.

You may wanna check this article:
https://medium.com/@hodlhodl/lightning-trades-available-on-hodl-hodl-mainnet-78a1f0b60a9f


Title: Re: Lightning Network Crypto Exchanges?
Post by: SusantS on November 08, 2019, 06:00:27 AM
I just started following this one as a starter https://all-stocks.net/ Does anyone use this platform yet. I got a free coupon code while completing my registration on their board. Besides, there is no fees required for the first 3 months. So I am a little bit interested in musing this platform. Let me know if there something interesting.


Title: Re: Lightning Network Crypto Exchanges?
Post by: Abiky on November 09, 2019, 12:39:51 AM
Stakenet is working on exchange to support Lightning network. It is 85% finished.
https://stakenet.io/

Best thing about it is that it will be decentralized, with cross-chains and low fees

That's good news. I've been looking for XSN's roadmap for a while, and it's quite promising. Sometimes, I wonder why such a good cryptocurrency is undervalued these days. Perhaps it needs more marketing/promotion in order to drive adoption within the mainstream world. The XSN Lighting Network exchange seems to be getting closer towards launch, though. It could be a blast to use, if it gathers a wide array of crypto trading pairs to choose from. So far, the LN crypto exchanges I've toppled with, have limited trading pairs. But I hope that the number of exchanges accepting LN payments would increase over time, as Bitcoin's Layer-two scaling solution grows at an unprecedented rate.

In the meantime, I'll stick with "FixedFloat" and "CoinPlaza". They seem to be the best (and only) exchanges available which accept LN payments. My most favorite is "CoinPlaza" because it has a trading pair for Monero (XMR). It's extremely convenient to exchange "BTCLN" to XMR, since Bitcoin's Layer-two solution is much more anonymous than the main chain itself. This would give a greater level of privacy to the end user, in my own opinion. And without the need for ID verification (KYC), the previously mentioned instant exchanges are a blast.

Nonetheless, I'm eager to know about more Lightning Crypto Exchanges once they become available. I'm very hyped with the LN right now (although still in active development) since it delivers instant and cheap payments for anyone using Bitcoin. Imagine the potential this has to transform not only crypto exchanges, but also social media interaction (by tipping others), and more. With proper marketing/promotion, I'm sure that the LN ecosystem will grow "to infinity and beyond". :D


Title: Re: Lightning Network Crypto Exchanges?
Post by: SusantS on November 09, 2019, 11:00:15 AM
I just started following this one as a starter https://all-stocks.net/ Does anyone use this platform yet. I got a free coupon code while completing my registration on their board. Besides, there is no fees required for the first 3 months. So I am a little bit interested in musing this platform. Let me know if there something interesting.

Don't know much about lightning network crypto exchanges. But I am happy with this one I have been following. Though it's hard to find out the right (not scam) crypto exchanges.


Title: Re: Lightning Network Crypto Exchanges?
Post by: LoyceV on November 09, 2019, 11:11:37 AM
I just started following this one as a starter REMOVED Does anyone use this platform yet. I got a free coupon code while completing my registration on their board. Besides, there is no fees required for the first 3 months. So I am a little bit interested in musing this platform. Let me know if there something interesting.
Don't know much about lightning network crypto exchanges. But I am happy with this one I have been following. Though it's hard to find out the right (not scam) crypto exchanges.
I've removed the link and want to add a warning: it's highly suspicious when a Newbie's last 4 posts are all spamming the same website in different topics (archived post history (https://archive.is/PTR9k#selection-315.0-558.0)).