About Receiving Bitcoin
Bitcoin is an easy and secure way to transfer value globally, and there are multiple ways to receive it depending on the network and method you prefer. Whether you’re accepting bitcoin on-chain or through the Lightning Network, understanding the options will help you receive funds efficiently.
Transfer networks
On-Chain: Bitcoin transactions made directly on the Bitcoin blockchain. These can take longer to process due to network congestion and require block confirmations.
Lightning Network (LN): A faster, lower-cost method for sending and receiving bitcoin. Ideal for small, quick transactions. Read More.
Transfer methods
1. Bitcoin Address
What it is: a unique string of letters and numbers that represents your Bitcoin wallet.
Format: Typically starts with
1,3, orbc1.Example:
bc1qar0sr4r7xf...
When to use: Use to receive bitcoin on the Bitcoin blockchain. It’s ideal for larger, more secure transactions that don’t require immediate settlement.
2. Lightning Address
What it is: a unique string of letters and numbers that represents your Lightning wallet.
Format: A string starting with
lnbcExample:
lnbc1pn0v0hlpp5...
When to use: Perfect for small, quick payments. Unlike Bitcoin addresses on-chain, transactions using a Lightning address settle almost instantly with minimal fees.
3. Lightning Invoice
What it is: A request for a specified amount of bitcoin, containing all necessary payment details.
Format: A string starting with
lnbc, followed by encoded details about the payment.Example:
lnbc1m1pvjluez...
When to use: Use when you need to request a specific amount of bitcoin via the Lightning Network.
4. Custom Lightning Address (Recommended)
What it is: An easy-to-remember identifier for receiving payments through the Lightning Network, similar to an email address.
Format: Combines your personal identifier with the service provider’s domain.
Example:
[email protected]
When to use: Ideal for users who want a personalised, permanent address for receiving payments.
Get Started: Create your Custom Lightning address today using AmberApp.
How to Receive Bitcoin
To receive bitcoin, follow these simple steps:
Open your bitcoin wallet and tap receive.
Specify an amount to request (if applicable).
Show the QR code or share the address to the sender.
Have the sender scan or paste and confirm the payment.
Once the payment has settled, you will be able to send bitcoin.