WhiteBIT Adds Lightning Network for Faster, Cheaper Bitcoin Transactions
WhiteBIT brings Bitcoin's Lightning Network to users
The Swiss cryptocurrency exchange WhiteBIT announced on October 8 that it has integrated the Lightning Network, allowing users to deposit and withdraw Bitcoin quickly and at low cost. The integration is powered by Voltage, a Bitcoin infrastructure provider based in Zug, Switzerland.
Users can move funds using a QR code or payment details. WhiteBIT set the deposit fee at 0.25% and the withdrawal fee at 0.15%.
Key numbers
- Deposit fee: 0.25%
- Withdrawal fee: 0.15%
- WhiteBIT ranks as the 17th largest exchange by transaction volume, according to CoinGecko data
What WhiteBIT said
Volodymyr Nosov, founder and CEO of WhiteBIT, said in a statement that the company's mission is to make blockchain technology accessible and widely adopted by delivering practical, user-friendly solutions for digital assets.
He added that adding Lightning support brings the exchange closer to that goal by making Bitcoin faster and more useful for customers who want to top up accounts, send and receive funds, and use Bitcoin across more real-world flows.
Why Lightning matters now
Lightning Network transaction volume has surged this year, largely because exchanges are using the network to move funds — it is fast and cheap. Launched in 2018, the Lightning Network was originally promoted for small purchases like tipping or buying coffee. Today, it is also used for larger flows such as remittances, exchange funding, merchant QR payments, and connecting with Lightning-enabled wallets and apps.
The network also offers more privacy than Bitcoin's main chain. Because Lightning payments are settled off-chain rather than recorded on the public blockchain, individual payments are harder to trace.
What's confirmed
WhiteBIT has integrated the Lightning Network, with fees and functionality confirmed by the exchange's own announcement. The exchange's ranking and the broader trend of growing Lightning usage are supported by CoinGecko data and industry reporting cited in the source material.
What remains unclear
The source does not specify when WhiteBIT will begin supporting Lightning for all users or whether additional features will be added in the future.
Why this matters
The integration reflects a wider shift among major exchanges — including Coinbase and Kraken — toward using the Lightning Network for Bitcoin transactions. It gives WhiteBIT users a faster and cheaper way to move Bitcoin compared to the main blockchain, which can be slower and more expensive during periods of high demand.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.