bitcoinwell on Nostr: How to buy bitcoin over the Lightning Network – privately – at a Bitcoin ATM ...
How to buy bitcoin over the Lightning Network – privately – at a Bitcoin ATM
Looking to buy bitcoin instantly over the Lightning Network?
Bitcoin Well ATMs now offer an easy way to convert cash into bitcoin on the Lightning Network with the Cash Voucher system, bridging traditional cash with instant Lightning payments. Follow this guide to quickly buy a Cash Voucher at a Bitcoin ATM, buy bitcoin, and receive it over the Lightning Network.
What you’ll need:
Bitcoin Well Account: – A Lite Account is sufficient.
Lightning Wallet – With a Lightning address or LNURL.
Cash: – To use at the ATM.
Step-by-step guide – Part 1: Setting up and buying your Cash Voucher
Create or sign in to your Bitcoin Well account
– Sign up on the Bitcoin Well portal using only your email and a chosen username (welltag)
– Full ID verification is not needed for Lite Accounts, preserving your privacy.
Get your Cash Voucher QR code:
– Log into your Bitcoin Well account and go to the "Buy" page.
– Select “Cash Voucher” and save your unique QR code (it stays the same for future use).
Visit a Bitcoin Well ATM:
– Find a nearby machine here: https://bitcoinwell.com/bitcoin-atm
– Bring your cash and your Cash Voucher QR code to the ATM.
Buy a Cash Voucher:
– On the ATM screen, select “I want Crypto.”
– Choose “My Portal” and scan your Cash Voucher QR code.
– Insert your cash, and within seconds, your Cash Voucher will be available in your Bitcoin Well account.
Part 2: Buying bitcoin over the Lightning Network
Log into your Bitcoin Well account and navigate to “Buy”:
– Select the Lightning tab at the top of the screen.
Add your Lightning Wallet:
– Enter your Lightning address or LNURL, which will be where your purchased bitcoin is sent.
Complete the purchase:
–Review the transaction, and your bitcoin will be sent instantly over the Lightning Network.
Fees and Limits
ATM Cash Voucher Fee:
– 4% of the deposited amount.
– Example: $100 cash results in a $96 voucher credited to your account.
Bitcoin Purchase Spread:
– Lite Account: 3%
– Verified Account: 1.2%
Daily Cash Voucher Limits:
– Individual Cash Vouchers: Up to $950 per voucher
– Lite Account daily redemption: Up to $3,000
– Lite Account weekly redemption: Up to $10,000
Why use Cash Vouchers for Lightning Bitcoin?
– Privacy: No bank account or ID verification required for Lite Accounts.
– Instant speed: Lightning Network offers real-time bitcoin transfers.
– Convenience: Use cash without bank restrictions.
– Security: Self-custody solution from ATM to wallet.
– Flexible testing: Try the service before fully verifying your account.
– Save on transaction fees: Lightning transactions are considerably less costly to send and receive than on-chain ones.
Tips for success
1. Save your QR code: Your Cash Voucher QR code is reusable.
2. Upgrade for lower fees: Consider full verification to reduce the spread.
3. Prepare your Lightning Wallet: Have your wallet address ready to avoid delays.
4. Monitor your limits: Know your daily voucher and purchase limits.
Need Help?
Bitcoin Well offers support through multiple channels to make your experience smooth:
– Phone support
– Email assistance
– Live chat via the portal interface
Are you ready to get started? Find your nearest Bitcoin Well ATM, fund your account, and experience the future of bitcoin transactions today!
Looking to buy bitcoin instantly over the Lightning Network?
Bitcoin Well ATMs now offer an easy way to convert cash into bitcoin on the Lightning Network with the Cash Voucher system, bridging traditional cash with instant Lightning payments. Follow this guide to quickly buy a Cash Voucher at a Bitcoin ATM, buy bitcoin, and receive it over the Lightning Network.
What you’ll need:
Bitcoin Well Account: – A Lite Account is sufficient.
Lightning Wallet – With a Lightning address or LNURL.
Cash: – To use at the ATM.
Step-by-step guide – Part 1: Setting up and buying your Cash Voucher
Create or sign in to your Bitcoin Well account
– Sign up on the Bitcoin Well portal using only your email and a chosen username (welltag)
– Full ID verification is not needed for Lite Accounts, preserving your privacy.
Get your Cash Voucher QR code:
– Log into your Bitcoin Well account and go to the "Buy" page.
– Select “Cash Voucher” and save your unique QR code (it stays the same for future use).
Visit a Bitcoin Well ATM:
– Find a nearby machine here: https://bitcoinwell.com/bitcoin-atm
– Bring your cash and your Cash Voucher QR code to the ATM.
Buy a Cash Voucher:
– On the ATM screen, select “I want Crypto.”
– Choose “My Portal” and scan your Cash Voucher QR code.
– Insert your cash, and within seconds, your Cash Voucher will be available in your Bitcoin Well account.
Part 2: Buying bitcoin over the Lightning Network
Log into your Bitcoin Well account and navigate to “Buy”:
– Select the Lightning tab at the top of the screen.
Add your Lightning Wallet:
– Enter your Lightning address or LNURL, which will be where your purchased bitcoin is sent.
Complete the purchase:
–Review the transaction, and your bitcoin will be sent instantly over the Lightning Network.
Fees and Limits
ATM Cash Voucher Fee:
– 4% of the deposited amount.
– Example: $100 cash results in a $96 voucher credited to your account.
Bitcoin Purchase Spread:
– Lite Account: 3%
– Verified Account: 1.2%
Daily Cash Voucher Limits:
– Individual Cash Vouchers: Up to $950 per voucher
– Lite Account daily redemption: Up to $3,000
– Lite Account weekly redemption: Up to $10,000
Why use Cash Vouchers for Lightning Bitcoin?
– Privacy: No bank account or ID verification required for Lite Accounts.
– Instant speed: Lightning Network offers real-time bitcoin transfers.
– Convenience: Use cash without bank restrictions.
– Security: Self-custody solution from ATM to wallet.
– Flexible testing: Try the service before fully verifying your account.
– Save on transaction fees: Lightning transactions are considerably less costly to send and receive than on-chain ones.
Tips for success
1. Save your QR code: Your Cash Voucher QR code is reusable.
2. Upgrade for lower fees: Consider full verification to reduce the spread.
3. Prepare your Lightning Wallet: Have your wallet address ready to avoid delays.
4. Monitor your limits: Know your daily voucher and purchase limits.
Need Help?
Bitcoin Well offers support through multiple channels to make your experience smooth:
– Phone support
– Email assistance
– Live chat via the portal interface
Are you ready to get started? Find your nearest Bitcoin Well ATM, fund your account, and experience the future of bitcoin transactions today!