How to buy bitcoin on the Lightning Network in Canada privately

Canadians can now buy bitcoin directly to the Lightning Network from their Bitcoin Well Lite Accounts and fully verified accounts. Lite Accounts can now redeem a Cash Voucher to buy bitcoin either on-chain or on the Lightning Network. Lite accounts can also use bitcoin on the Lightning Network to pay any bill or credit card and to sell bitcoin for an instant e-Transfer.

Using Cash Vouchers to purchase bitcoin on the Lightning Network is easy and simple:

Add your Lightning Payment Address on the Buy bitcoin page in your Bitcoin Well account
Buy a Cash Voucher via any Cash Voucher enabled ATM
Redeem your Cash Voucher for bitcoin instantly

Haven’t used a Cash Voucher before? No problem! Here is an in-depth guide on getting set up with a Lite account and making your first bitcoin purchase on the Lightning Network.

Step 1: Create a Bitcoin Well Lite Account

If you haven’t already, create a Bitcoin Well Lite account. A Lite account only requires a bitcoin address and an email address to begin purchasing and using bitcoin.
Sign up and create a Lite account today.

Step 2: Add a Lightning Payment Address

Navigate to the Buy bitcoin page, click on the “Lightning” tab. Next, tap on the wallet field and then on “Add wallet” to add a Lightning Payment Address. If you’ve added other wallets, make sure your Payment Address is selected as your current wallet by ensuring the “Lightning” tab is highlighted.

Step 3: Go to a Cash Voucher ATM

Within your buy page you’ll see a Cash Voucher QR code. Save this QR code and bring it to a Cash Voucher enabled ATM. You can find a Cash Voucher ATM near you via the map on this page.

Step 4: Buy your Cash Voucher

Once you’re ready at a Cash Voucher ATM, the process is simple:

Press “I want Crypto”
Select “Bitcoin Well Portal”
Scan your Cash Voucher QR Code
Insert cash
Within about 30 seconds a Cash Voucher will appear in your Buy bitcoin page with the Cash Voucher section under Available Cash Vouchers

Step 5: Redeem your Cash Voucher to the Lightning Network

Navigate back to the Cash Voucher section within the Buy bitcoin page to find your Cash Voucher. Change the On-chain/Lightning toggle to switch between the Lightning network and on-chain bitcoin.

Click on the Cash Voucher to redeem it to the selected wallet. Once you click “Confirm”, your transaction will be processed.

Lite accounts: private and lightning fast

Lite Accounts in Canada now benefit from being able to buy privately, but now Lite Accounts can now buy bitcoin on the Lightning Network and use Lightning Network to pay bills and credits. Private bitcoin usage in Canada just got zapped onto the Lightning Network.

What makes Bitcoin Well different

Bitcoin Well is on a mission to enable independence. By custodying their own money, our customers are free to do as they wish without begging for permission. By enabling a full ecosystem to buy, sell and use your bitcoin to connect with the modern financial world, you are able to have your cake and eat it too - or have your bitcoin in self custody and easily spend it too 🎂.

Create your Bitcoin Well account now →

Earn sats from your bitcoin transactions

Bitcoin Well is also the best place in the world to earn bitcoin. When you earn points in your Bitcoin Well account, you gain the opportunity to play the Bitcoin (Wishing) Well, where you win sats with every play.

The best part? We send bitcoin that you win straight to your personal wallet via the Lightning Network.

Oh yeah, did we mention you can win up to 1,000,000 sats? If you're an active Bitcoin Well customer, there is a chance you've earned a pile of points. The more you use your account for buying, selling or spending bitcoin - the more points you’ll earn! Log in to your Bitcoin Well account and check your point balance.

Invest in Bitcoin Well

We are publicly traded (and love it when our customers become shareholders!) and hold ourselves to a high standard of enabling life on a Bitcoin standard. If you want to learn more about Bitcoin Well, please visit our website!