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Canadians can now instantly convert bitcoin between the Lightning Network and the bitcoin blockchain. Now you can purchase Bitcoin as often as you like without the hassle of managing UTXOs. You can DCA (dollar-cost average) onto the Lightning Network as frequently as you prefer. When you're ready, seamlessly swap your LN-BTC to your personal bitcoin wallet into cold storage. Or you can swap from BTC from your on-chain wallet to your Lightning wallet.
Swapping bitcoin between networks is fast, easy and free, here’s how it works:
Go to the Bitcoin Well swap page in your Bitcoin Well account
Choose if you want to receive bitcoin or LN-BTC and select the bitcoin address
Send your bitcoin either on-chain or via the Lightning Network to your unique Swap Address
And that’s it! Your bitcoin will be swapped across networks while preserving each of your sats
Below are detailed instructions on how to swap bitcoin between the Lightning Network and on-chain.