Cryptocurrency Q&A
What is the Wallet of Satoshi limit?
What is the Wallet of Satoshi limit?
HallyuHero
Mon Dec 23 2024
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5 answers
1167
The Wallet of Satoshi, a custodial wallet designed for the Bitcoin Lightning Network, allows users to top up their account in two ways: by sending Bitcoin from an exchange or other wallet to the provided on-chain wallet address, which credits instantly and is spendable when confirmed by the network, or by sending Bitcoin using the Lightning Network which credits instantly. Users can scan a merchant's Lightning QR code, click a direct Lightning Invoice link or Tap an NFC card to pay, use the LNURL protocol, save and send to their favourite Lightning Address contacts, and find Merchants near them who accept Bitcoin.
5 answers
PhoenixRising
Wed Dec 25 2024
To maintain the security and stability of its platform, SatoshiBTC has implemented a maximum recharge limit of 5 BTC. This limit applies to both Bitcoin and Lightning balances, ensuring that users do not overload their wallets with excessive funds.
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Chiara
Wed Dec 25 2024
For individual transactions, SatoshiBTC has set a single transaction limit of 5 BTC. This limit helps to prevent large, unauthorized transactions and ensures that users can manage their funds responsibly.
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EmilyJohnson
Wed Dec 25 2024
BTCC is a leading cryptocurrency exchange that offers a range of services tailored to the needs of digital asset investors. Among its offerings, BTCC provides spot and futures trading, allowing users to buy, sell, and speculate on the price movements of various cryptocurrencies.
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Sofia
Wed Dec 25 2024
The wallet of SatoshiBTC offers competitive transaction fees for its users. For reloading or depositing funds, a fee of 1% is applicable. This fee structure ensures that users can efficiently fund their wallets without incurring significant costs.
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Marco
Wed Dec 25 2024
When sending payments on-chain using BTC, a fee of 1% is charged along with a variable fixed rate. This rate is quoted before payment confirmation, providing transparency to users regarding the total cost of their transaction.
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