๐คIncrease Spending Balance
To increase your spending balance you need to either top up your balance (guide) or open a lightning payment channel. Opening a new channel helps you to accomplish the following:
Transfer funds from your savings balance to your spending balance
Increase your spending balance
Be ready to send payments via the lightning network
Opening a channel is very easy with the channel wizard available in Alby Hub. ๐
1๏ธโฃ: Navigate to โLiquidityโ and click the โOpen Channelโ button
2๏ธโฃ: Select your preferred options (channel size, peer and payment option) and continue with โnextโ
3๏ธโฃ: Depending on the selected payment option, finish by paying the displayed lightning invoice or by confirming to open the channel (youโll need to wait for up to 6 block confirmations/ ~60 min.)
Thatโs it. You are now connected to bitcoinโs lightning network.
We believe freedom and sovereignty over your digital transactions are empowering. Choose your path and make the most of Alby Hub's capabilitiesโitโs all about what suits you best! ๐
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