Liquid Bitcoin (L-BTC), or Layer 2 Bitcoin, is an asset native to the Liquid network. Liquid Bitcoin is backed 1-to-1 by on-chain Bitcoin, and its purpose is to allow for faster, cheaper, and more private use of Bitcoin on the Liquid Sidechain. As a native Liquid wallet, AQUA makes Liquid Bitcoin readily available from the start, meaning you can get L-BTC in a variety of ways:
- When receiving a Lightning transaction funds will be held as Liquid Bitcoin in AQUA.
- Swapping Liquid USDt for L-BTC within AQUA.
- Swapping on-chain Bitcoin for L-BTC.
- Withdrawing L-BTC from an exchange that supports Liquid, such as Bitfinex, BtcTurk, or BTSE.
- Withdrawing via Lightning from an exchange such as Bitfinex, Binance, or Kraken.
- Receiving L-BTC directly in a Liquid address generated from your AQUA wallet.
Once you have some Layer 2 Bitcoin in your AQUA wallet, you can easily swap it for Liquid USDt or Bitcoin, or you can use it for Lightning transactions.
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