How can I close a channel? What happens to the sats in this channel?

Master your channels like a pro and keep your bitcoin safe! ๐Ÿ’ผ

While the channel is opened, you will be able to spend and receive bitcoin with anyone on the lightning network. You can have more than one channel. And just as you can open channels, you can also close them at will.

1 . Reasons for closing a channel 2. Close a channel 3. So, where are the funds?


Reasons for closing a channel๐Ÿง

Stay in control of your channels and keep your Alby Hub self-custodial wallet in good shape! ๐Ÿ’ช๐ŸŒŸ

You may want to close a channel on rare occasions to keep your Alby Hub self-custodial wallet healthy. Here is a list of some of the reasons you may want to close a channel:

  • You opened a public channel by mistake and all your private channels are dysfunctional. You need to close that public channel so that your private channels recover their full functionality.

  • You opened a channel (public or private) with a friend but they lost access to their node and requested you to close the channel so both recover your funds on-chain.

  • You need funds on your On-Chain Balance and you wish to close a channel for that purpose.

  • Some other reason you may want to close a channel


Close a channelโŒ

Ready to close that channel and get your bitcoin back on-chain? Letโ€™s do it!

In the "Node" section, click on the three dots next to the channel, then select "Close Channel." A popup will appear with a warning and details about your peer with whom you opened the channel. Verify this information, then click "OK." Your channel will close.

All your channels are available in the "Node" section of your Alby Hub.

There are two types of channel closures: normal and force close.

Normal closures occur when the counterparty is online, and as mentioned earlier, channel closures should be rare events. When the channel is closed, the funds will be returned to your On-Chain Balance, which is an on-chain wallet. Important: In both cases only the spending balance of a channel returns to the on-chain balance.

After clicking on "Close Channel" you'll see the following screens to finalize the closing.

"Normal close" is the default option and is recommended. Avoid force closures unless absolutely necessary.
The transaction (TX) of the closure will briefly appear after clicking on "Close Channel".


So, where are the funds? ๐Ÿ’ฐ

Channel closed? No worries! Your bitcoin are just taking a little break. ๐Ÿ’ค๐Ÿ”’

The funds of your channel will appear on the On-Chain Balance of your Alby Hub self-custodial wallet. after waiting the period of time necessary for the channel to be closed.

Only the spending balance of a channel returns to the on-chain balance.

This means the funds will re-appear and be ready to use approximately 60 minutes after a normal close or 15 days after a force close.

Here you can see in the On-Chain Balance where to look for your funds after the channel was closed:

On-Chain Balance are the funds that you have on the bitcoin blockchain


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

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