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Binance Adds Support for Bitcoin Lightning Network!
Binance, one of the world's leading cryptocurrency exchanges, has officially integrated support for the Bitcoin Lightning Network (LN). With this integration, Binance users can now choose the Lightning Network as an option for both Bitcoin deposits and withdrawals, offering a more efficient and cost-effective way to handle their transactions.
#Binance has completed the integration of Bitcoin ( #BTC ) on the Lightning Network and deposits and withdrawals are now open.
More details here 👇https://t.co/aIofPdtAGY
The adoption of the Lightning Network by Binance opens up a plethora of benefits for users. While withdrawal fees still remain, they have become significantly cheaper with network fees ranging between 0.000001 to 0.00013 BTC. This reduction in fees is expected to appeal to traders and investors, who can now enjoy a more cost-effective method of managing their Bitcoin transactions.
Beyond cost savings, the Lightning Network is also known for its rapid transaction speed. Despite initial concerns about its security, users have reported that coins dep...