Lightning cryptocurrency exchange

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Exchange Bitcoin Lightning Network to Dash

Exchange in 3 steps

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

What do you need to know?

­You only need 1 confirmation of the Lightning Network for the exchange
­If an error occurs when sending BTCLN, then you need to open a channel with FixedFloat. Information on how to do this is in our article
­If you see the message "Payment in transit" when sending BTCLN, then there is a problem between intermediate nodes. You need to wait for the final invoice payment or refund

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 that may arise when sending Lightning Network

  1. If an error occurs when you try to send the Lightning Network, then most likely it happened due to the lack of channels. The Lightning Network requires links between nodes. If your wallet allows you to open channels yourself, then you can open a channel with FixedFloat.
    FixedFloat Node:
    037f990e61acee8a7697966afd29dd88f3b1f8a7b14d625c4f8742bd952003a590@lnd.fixedfloat.com:9735
    For more information on how to do this, see our article "How to start using the Lightning Network?".
  2. If you see a "Payment in transit" message when sending the Lightning Network, it means the Lightning Network has been sent, but there is a problem with intermediate nodes. You need to wait for the final invoice payment or refund.

Lightning Network Speed and Fees

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.

The fee depends on the intermediate channels through which the payment passes. Usually it is almost zero. But it so happens that some channels charge a high fee for passing the payment. It can reach up to 1% of the amount.

Dash is one of the most popular currencies with increased anonymity.

Dash is a blockchain-based cryptocurrency, the distinguishing feature of which is the use of the mechanism for increasing transaction confidentiality, developed in 2014 by Evan Duffield. Initially, the currency was called "XCoin", and after testing and introduction to the masses, it was renamed to "Darkcoin". The current name "Dash" cryptocurrency received in March 2015.

Dash Blockchain Transaction Processing Speed

DASH has an Instant Send feature — this development allows payments to be made in seconds. Cryptocurrency exchange using the new technology is slightly more expensive than usual, but this is offset by an accelerated transaction processing mode.

The average formation time for a new block is approximately 2.5 minutes, which is four times faster than on the Bitcoin network.

Dash network fee

The average fee of the network depends on the type of transaction, but on average according to the data for 2019 was $0.0007, which is also an advantage of this cryptocurrency.