Live on a Bitcoin Standard: Pay your bills with bitcoin on the Lightning Network
Canadians with a Bitcoin Well account can now pay bills with bitcoin via the Lightning Network. Typical household bills, like hydroelectricity, phone bills or even credit cards can now be paid quickly, securely and cheaper thanks to our newly added support for the Lightning Network. And best of all, it’s all done with bitcoin in self custody.
Goodbye banks, hello bitcoin standard
Bitcoin Well equips its customers with the tools and knowledge to fully live on a bitcoin standard and take control of their bitcoin to enable maximum independence.
Traditional banks present a trade off: increased bill payment and deposit convenience while giving up custody of your assets.
Bitcoin Well now enables the same instant and fast bill payment capabilities as a bank, but facilitated with bitcoin in self custody! Both on the main Bitcoin blockchain and with bitcoin via the Lightning Network. Now Bitcoin Well customers can retain total custody over their bitcoin and pay virtually any bill!
How to pay bills and credit cards with bitcoin on the Lightning Network
1. Log in to Bitcoin Well and navigate to Pay bills.
2. Click Add payee to add your bill.
3. Select Lightning above your payee and enter the amount you’d like to pay; this will generate a Lightning invoice.
4. Pay your invoice
- If you are using a desktop you’ll have a QR code you can scan with your Lightning wallet.
- On both mobile and desktop you’ll have a LN invoice you can copy+paste into your Lightning wallet.
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 🎂.
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 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.
Learn more about Bitcoin Well
Bitcoin Well exists to enable independence. We do this by coupling the convenience of modern banking, with the benefits of bitcoin. In other words, we want to make it easy to use bitcoin in self-custody.
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 or reach out!
Konrad has been a Bitcoin Analyst since 2018 leveraging an economics background to deliver unique insights on Bitcoin, product, bitcoin mining, and macro-economics.