Swaps In & Out
Swap bitcoin between on-chain and lightning ⚡
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🐝 Alby Hub, Browser Extension and Account
Swap bitcoin between on-chain and lightning ⚡
Last updated
Was this helpful?
You can transfer bitcoin between your Alby Hub on-chain balance (or another bitcoin wallet) and your Alby Hub spending balance through a swap, using its existing channels and receiving capacity. ⚡🔄
Go to your Node section and click on "Advanced", check the "Swap" options.
Choose whether to send funds from your on-chain balance to your spending balance by doing a "swap-in" or to transfer your funds from your spending balance to your on-chain balance, "swap-out".
To use this feature, your Hub must be online with open channels.
Click "Swap In", enter the amount you want to transfer your Alby Hub, and confirm. You'll be redirected to the Boltz website, where the swap will be executed.
On the Boltz site: 1️⃣ The receiving address (a lightning invoice of our Hub) is already pasted into the Boltz website. 2️⃣ Follow their steps and send the funds to the swap address provided. You can use any bitcoin wallet. Here is how you can use your Alby Hub on-chain wallet. 3️⃣ Once Boltz receives them, they’ll send the bitcoin to the spending balance of your Hub ⚡.
To use this feature, your Hub must be online with open channels.
Click "Swap Out", enter the amount you want to withdraw to an on-chain wallet, and confirm. You'll be redirected to the Boltz website, where the swap will be ready to execute.
On the Boltz site: 1️⃣ Paste your on-chain wallet address. Find your Alby Hub on-chain wallet here. 2️⃣ Follow their steps and send the funds via lightning by paying the lightning invoice they will provide to you. Pay that with your Alby Hub. 3️⃣ Once Boltz receives the lightning payment, they’ll send the funds to the on-chain wallet address you entered on the first step 🔄.
In both cases, there will be a short waiting period while the transaction confirms on-chain ⏳. This usually takes 15 to 30 minutes, depending on block confirmations, but sometimes it’s even faster! 🚀 Sit tight, and your sats will arrive soon! 😊
