Cryptocurrency exchange Coinbase partners with Lightspark added support for the Lightning Network nine months after CEO Brian Armstrong announced plans to integrate the network.
Coinbase added that previously, bitcoin transfers on the exchange were processed within the network, which could take from ten minutes to 2 hours, and also involved high fees. Using the Lightning Network, users will be able to instantly send and receive bitcoins, the report notes.
He added that the fee for sending funds to the Lightning Network will be 0.1%. According to him, at the beginning, Coinbase users will be able to withdraw a maximum of $2,000, that is, the maximum withdrawal fee will be $2.
Source: Cryptocurrency
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