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Exchange USDT (ERC-20) to Bitcoin Lightning Network

Exchange in 3 steps

  1. Enter the desired amount of Tether (ERC20) and write your wallet address to receive currency.
  2. Click the "Exchange now" button and you will be taken inside your order.
  3. Send Tether (ERC20) to the address from your order, after the required network confirmation, Bitcoin (Lightning) will be sent instantly.

What do you need to know?

­Only 4 confirmations of the USDT are needed to complete the exchange
­Do not send USDT through a third party contract! Such transactions are not automatically processed. We accept transactions from the original USDT contract
­Please send the transaction only on the Ethereum network. If the coins are sent on another network, the order will not be completed automatically
­If there is an error about the absence of a path, then there is no channel between our node and your wallet's node. Try using a different wallet
­If the order page indicates that the order has been completed, but you have not received funds, contact technical support. We can quickly help you

Brief Information on USDT (ERC-20)

Tether (USDT) was created by Tether Limited in 2014. The developers were able to qualitatively implement a curious idea — to combine a real-life currency and blockchain technology. As a result, the USDT stablecoin appeared — its rate is almost always equal to 1 US dollar.

In 2018, USDT was released on the Ethereum blockchain using the ERC-20 protocol. This made Tether compatible with decentralized apps, dramatically increased transaction speed, and dramatically reduced fees. At this time, Tether on the ETH blockchain is the most popular among users.

USDT smart contract

Do not submit USDT through a third party contract. Our exchanger does not accept transactions that are sent by third party smart contracts, except for the original USDT contract.

Network fee

To work with tokens, the wallet must have ETH. It is very difficult to calculate the exact amount of ETH to send a transaction. During periods of high load, it can change significantly. Each token can have a different transaction value. Therefore, it is better that the amount of ETH on the wallet is slightly higher than the average fee on the network at the moment. The average commission can be estimated using the Blockchair analytical service.

The system does not see the transaction, what should I do?

If you have sent funds, but there are no changes, check your transaction in an explorer (etherscan.io or blockchair.com) and make sure that the transaction was created.

If the transaction has already been added to the blockchain, and the system has not seen it, contact technical support, we will be able to help you promptly.

A brief history of the Lightning Network

The Bitcoin community has long been baffled by the scalability issue. The speed of transactions fell, and the network fees grew. In 2015 Thaddeus Dria and Joseph Poon proposed a solution called the Lightning Network. The idea was to carry out some of the transactions outside the network, thereby reducing the load on the BTC blockchain. In 2018, the Lightning Network was launched in Bitcoin.

The Lightning Network is a system that helps users move funds among themselves without having to use a blockchain to verify a transaction. Instead, there is a quick check of funds from the sender and a request from the recipient who agrees to the transaction.

Problems you may encounter while getting the Lightning Network

  1. If during the creation of an order when inserting an invoice, an error occurs about the absence of a path, this means that there is no created channel between our node and your wallet node. A channel is required to send and receive payments on the Lightning Network. If there is no open channel between our node and your wallet node, the payment will not be executed. It is recommended to try using a different wallet.
  2. If the order page indicates that the order was completed, but you did not receive the funds, then the reason for this may be:
  • Disconnected intermediate node. If one of the intermediate nodes is offline, the transaction may be delayed.
  • Insufficient amount of deposits on intermediate channels. Intermediate nodes cannot forward the payment due to lack of coins.
  • The invoice is out of date. Each invoice has a validity period. Of this term has expired, the payment will not work.

If your order is completed, but you have not received the funds, please contact technical support. We can help you quickly.

Lightning Network Speed

Since transactions on the Lightning Network do not end up on the blockchain, they are almost instantaneous. But if one of the intermediate nodes is off the network, the transaction may be delayed.