Canadians can now instantly convert bitcoin between the Lightning Network and the bitcoin blockchain. Now you can purchase Bitcoin as often as you like without the hassle of managing UTXOs. You can DCA (dollar-cost average) onto the Lightning Network as frequently as you prefer. When you're ready, seamlessly swap your LN-BTC to your personal bitcoin wallet into cold storage. Or you can swap from BTC from your on-chain wallet to your Lightning wallet. 

Swapping bitcoin between networks is fast, easy and 

Below are detailed instructions on how to swap bitcoin between the Lightning Network and on-chain. 

Step 1: Select your bitcoin destination address

Go to your Swap bitcoin page and choose the network where you’d like your bitcoin to be transferred. If you want to swap bitcoin to be On-chain, select ‘On-chain’ and select your on-chain wallet. If you have On-chain bitcoin you’d like to swap to the Lightning Network, select ‘Lightning’ and select your destination Lightning wallet. 

Once you’ve selected your destination network and destination address, you’ll see a QR code and address under your network selection.  This is your unique Swap Address! Send bitcoin here anytime to swap between networks. 

When you send bitcoin to your swap address, for either network, Bitcoin Well will instantly convert your sats across networks and send them to your wallet. If you choose the “free batch” in your blockchain settings, blockchain fees are covered and there is 0% fee for swapping - no sats lost!  

Step 3: Send bitcoin to your desired Swap Address

With your destination addresses ready and your unique Swap Addresses in hand, you’re ready to start swapping bitcoin across networks! 

Send bitcoin to your Swap Address. Once received, Bitcoin Well 

 converts your bitcoin from one network to the other. The best part is this process has zero fees! The amount of bitcoin you send is the amount you receive – just on a different network! As always, your inbound On-chain transactions can be sped up if you don’t want to wait for our complimentary transaction batching service. 

Bonus Feature: DCA frequently without a UTXO management nightmare 

swaps will have a unique On-chain Swap Address and 

 swaps will have a unique Lightning Swap Address. 
⁠
⁠Copy and save your unique Swap Addresses for fast and easy swap between your wallets 🤩 


This is useful because it enables you to stack sats very frequently without incurring a UTXO management challenges in the future. Simply stack sats daily (or more frequently) via the Lightning Network. Once you’ve accumulated enough bitcoin worth consolidating, send your Lightning wallet total to our swapper tool and top up your cold storage wallet with a single UTXO accumulated over many small transactions. 

The Swapper tool is just one of many bitcoin conveniences on the Bitcoin Well platform. Whether you are looking to buy, sell or use bitcoin to pay bills, all of this can be done through your Bitcoin Well portal with either On-chain bitcoin or bitcoin on the Lightning Network. And now, you can seamlessly switch between the two networks for free. Bitcoin Well is the best place to use bitcoin on any network. 

Bitcoin Well is also the best place in the world to 

. 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 

? 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 

Bitcoin Well is on a mission to enable independence. By custodying their own money, our customers are free to do as they wish 

. 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 🎂. 

We are publicly traded (and love it when our 

!) 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 

How to swap bitcoin between the Lightning Network and cold storage on the blockchain with Bitcoin Well Swaps in Canada. Here is how:

How to swap bitcoin between the Lightning Network and cold storage on the blockchain with Bitcoin Well Swaps

Konrad Fitzpatrick