Alby User Guide
Developer GuideUser Dashboard
🐝 Alby Hub, Browser Extension and Account
🐝 Alby Hub, Browser Extension and Account
  • 🏠 Hub, Browser Extension, Account
  • Alby Go
    • 📲Get Alby mobile app
    • 👩‍🚀Send, Receive, Go!
  • Alby Hub
    • â„šī¸Introduction
    • đŸšĸGetting Started
    • 🍕Alby Hub flavors
      • Alby Pro Cloud
      • Other Cloud Options
      • Desktop
      • Docker
      • Umbrel, Start9, etc
      • 🐧Linux
      • 🆙Updating
    • 👛Wallet
      • đŸ’ĢOpen your first channel
      • 📤Send
      • đŸ“ĨReceive
      • âŦ†ī¸Buy Bitcoin
        • 💰Withdraw from an exchange
      • âŦ‡ī¸Sell Bitcoin
    • 🔗App Connections
    • 🎮App Store
      • 🏡Sub-wallet, Friends & Family
        • Fast sub-wallets (no lightning address)
        • Sub-wallet with lightning address âšĄī¸
        • Podcaster & musicians sub-wallets
        • ❓Q&A of sub-wallets
      • 📅ZapPlanner
    • 🚰Node
      • đŸ“ĨIncrease receiving capacity
      • 📤Advanced: Increase Spending Balance with on-chain bitcoin
      • â¤ī¸Node Health
      • 💰On-chain Balance
      • Swap In & Out
    • 🔐Backups & Recover
    • ❓FAQ Alby Hub
      • How can I access Alby Hub from my phone?
      • Why do I need to link my Alby Account?
      • Should I open a private or public channel?
      • How can I change routing fees?
      • How can I close a channel? What happens to the sats in this channel?
      • Why was my lightning channel closed and what to do next?
      • How can I update my Alby Hub?
      • How can I change my unlock password?
      • How can I check budgets of connected apps?
      • How can I backup my keys
      • Where is Alby Hub physically located?
      • How can I migrate Alby Hub to a different machine?
      • How to use Fly.io to run Alby Hub
      • What to do during times of high onchain fees?
      • What to do if I cannot send a payment?
      • What to do if I cannot receive a payment
      • Should I open multiple channels with the same counterparty?
      • What happens if the healthcheck indicator turns red?
    • 📚Bitcoin Wallet Glossary
  • Alby Browser Extension
    • 👾Features
      • đŸ’ŗManage multiple wallets
      • đŸ’ĩCreate and change budgets
      • 🔂Send and receive bitcoin
      • đŸĨManage site connections
      • đŸ—ī¸Master Key
      • đŸĻ¤Nostr
      • 🌊Liquid
      • âš–ī¸HOLD Payments
    • 🔗Link wallet
      • Alby web Account
      • Umbrel
      • Alby Hub via NWC link
      • LND
      • No limits - quick & easy
    • 🎮Discover apps
    • 🐞Debugging
      • Connecting your LN node
      • Google Chrome
      • Mozilla Firefox
      • Using nightly builds
    • ❓FAQs Alby Extension
      • How do I install the Alby Browser Extension?
      • Why do I need a unlock password?
      • Can I trust the software?
      • Lost Password
      • Does the extension work on Mobile?
      • Implementing payments and authentication
      • Can I use Alby with the Tor Browser?
      • What is the Alby Companion App?
      • How to enable Alby only on specific websites?
      • Can I connect LND with readonly permissions?
      • How to use Alby with nosft.xyz to get NFT ordinals/inscriptions?
      • How to access my old account in apps with the Alby Extension
      • What permission does the extension require?
      • How can I run my own Lightning node?
      • Migrate from old LNDHub setup
      • I lost my Nostr ID when making a new account
  • Alby Account
    • â„šī¸Introduction
    • 🔗Link wallet
      • 🔗Link Alby Hub
      • 🔗Link other NWC wallet
    • 🌮Features
      • Nostr identifier
      • Lightning Address
      • Notifications and reports
      • Email, Password, Currency
      • âŦ†ī¸Top up your wallet
        • Card or bank transfer
        • Exchange service
        • Other bitcoin wallet
        • Other crypto wallet
      • âŦ‡ī¸Convert to fiat
    • 🎮Connect to apps
      • NWC Connections
      • Alby Browser Extension
      • BTCPay Server
      • Podcast apps
      • Alby Go mobile app
    • 👩‍đŸ’ģUse your lightning address
      • Nostr
      • Own domain
    • ❓FAQs Alby Account
      • Alby Hub is here! What happens to my existing balance?
      • Are there transaction limits with my Alby Account?
      • Can I open a channel to Alby's lightning node?
      • How to increase your weekly payment volume?
      • Why is there a minimum balance required?
      • Which service fees apply for using an Alby account?
      • How does Alby make money?
      • How to use Fly.io to run Alby Hub
      • What are fee credits in my Alby account
      • Embrace Alby Hub - phasing out Alby’s shared wallet
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Your bitcoin & nostr companion / from 🐝 with 🧡

On this page
  • What is an On-chain Balance and why do I have one? 💰
  • How to deposit funds to my On-chain Balance
  • How do I redeem the funds from my On-Chain Balance to another on-chain wallet? 🔄

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  1. Alby Hub
  2. Node

On-chain Balance

Your On-chain Balance is an on-chain bitcoin wallet.

Last updated 1 month ago

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What is an On-chain Balance and why do I have one? 💰

A lightning network channel is a special type of on-chain bitcoin transaction.

  • When opening a channel, you are transferring bitcoin from your On-Chain Balance to top up your Spending Balance.

  • When a channel is closed, the bitcoins that were on your Spending Balance will be relocated to your On-Chain Balance.

Your on-chain wallet can be restored by a 12-word recovery phrase available it the Settings of your Alby Hub


How to deposit funds to my On-chain Balance

  1. Go to the "Node" section, click on "Advanced", then click on "Deposit Bitcoin"

  2. The QR code shown is your On-chain wallet, you must send bitcoin to that on-chain address from another on-chain wallet.

It will take up to 6 block confirmations for your bitcoin to reach your Alby Hub On-chain Balance


How do I redeem the funds from my On-Chain Balance to another on-chain wallet? 🔄

You can withdraw funds from your on-chain balance to any on-chain bitcoin address.

To do this, go to the Node section, click on "Advanced," select "Withdraw On-Chain Balance". This will send us to a new page where we can input the amount and the address of the receiving address.

On this section simply enter the receiving address (it should be an on-chain bitcoin mainnet address), the amount, and then click on Withdraw.

Backup your on-chain wallet.

Navigate to Settings and create a backup of your 12-word recovery phrase. Should you lose access to you Alby Hub, you can restore your funds in another Alby Hub or another bitcoin wallet by importing these words. âš ī¸ Be careful: Sending these funds in another app might lead to forced payment channel closures.


Thank you for stopping by! This section was created with contributions from Jean-Paul

🚰
💰

â˜ī¸ Get Your Alby Hub on Pro Cloud

Set up your Alby Hub easily on Pro Cloud! Enjoy seamless integration with the lightning network and secure management of your Bitcoin funds. Get started with Alby Cloud

🔗 Open a Channel with On-Chain Funds

Learn how to open a lightning network channel using your On-Chain Balance funds. Follow our step-by-step guide to start transacting efficiently. Open a channel now.

💡 Channel Closure and On-Chain Balance

Remember, when a channel closes, the funds inside the channel will automatically appear in your On-Chain Balance. Stay in control of your Bitcoin with ease. Learn More about channel closure.

What is an On-chain balance?
How to deposit funds to the On-chain balance?
How to redeem/withdraw funds from my On-chain wallet to somewhere else?
Your on-chain balance can be found in the Node section of your Alby Hub
Click on "Avanced" then "Deposit Bitcoin"
Scan that QR code with another on-chain wallet and top up with on-chain funds
Click on Advanced and then on "Withdraw On-Chain Balance".
Enter the on-chain Bitcoin address where you want your On-Chain Balance funds to be redeemed.