Overview of Lightning Bitcoin (LBTC)
Lightning Bitcoin (LBTC) is a digital asset that operates on its own blockchain. It was launched on August 11, 2017, with a maximum supply of 7,465,926 LBTC. As of the last recorded data, the circulating supply is approximately 3,860,808 LBTC.
The last known price for LBTC was $0.0523, with a market capitalization of around $390.3 thousand. However, please note that the coin is currently inactive, and the last price update was on July 2, 2025. Trading volume and liquidity are extremely low, which may present challenges for buyers and sellers.
Where to Buy and Sell Lightning Bitcoin (LBTC)
Currently, there is only one major cryptocurrency exchange where you can trade Lightning Bitcoin (LBTC): MEXC Global. Since direct fiat currency pairs are not available for LBTC, the most common method is to use Tether (USDT) as an intermediate stablecoin.
MEXC Global Exchange
MEXC Global is a centralized exchange established in 2018. It supports over 1,000 trading pairs and operates in more than 170 countries. While US citizens can register, full KYC verification is not mandatory for crypto-to-crypto trades. Without KYC, users are subject to a withdrawal limit of 20 BTC per 24 hours.
The platform offers a wide range of services, including spot trading, margin trading, futures, ETFs, and P2P trading (though P2P is currently limited to VND, KRW, and RUB).
- Start Date: 2018
- KYC Required: No (for crypto trades)
- Card Deposits: Yes
- Wire Transfers: Yes
- Stablecoin: USDT
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How to Buy Lightning Bitcoin (LBTC): Step-by-Step Guide
Buying LBTC involves a two-step process since no direct fiat pairs are available. Here’s how you can acquire it:
Step 1: Acquire USDT
First, purchase USDT from a reputable exchange that supports fiat deposits. You can use platforms like Binance, Coinbase, or Kraken to buy USDT with USD, EUR, or other fiat currencies.
Step 2: Exchange USDT for LBTC
Once you have USDT, transfer it to your MEXC Global account. Then, use the spot trading feature to exchange USDT for LBTC.
Detailed Instructions for MEXC Global
- Sign Up: Create an account on the MEXC Global website.
- Deposit Funds: If you already hold USDT or another cryptocurrency, deposit it into your MEXC wallet. If not, use the "Buy Crypto" feature to purchase USDT via card or wire transfer.
- Navigate to Spot Trading: Go to the "Trade" section and select "Spot."
- Search for LBTC: Find the LBTC/USDT trading pair.
- Place an Order: Enter the amount of LBTC you wish to purchase and execute a market or limit order.
- Confirm and Store: Once the order is filled, the LBTC will appear in your wallet. For security, consider transferring it to a private wallet.
Storing Your Lightning Bitcoin (LBTC)
After purchasing LBTC, it is highly recommended to store it in a secure wallet outside the exchange. Here are the best options:
- Hardware Wallets: Devices like Ledger or Trezor offer the highest security for long-term storage.
- Official Wallets: Use the native wallet provided by the Lightning Bitcoin development team.
- Software Wallets: Trusted third-party wallets like Exodus or Atomic Wallet may also support LBTC.
Frequently Asked Questions
How many exchanges support Lightning Bitcoin (LBTC)?
As of now, only one exchange—MEXC Global—supports LBTC trading. Due to low liquidity and inactivity, options are limited.
What is the best wallet for storing LBTC?
Hardware wallets are the most secure option. Alternatively, you can use the official LBTC wallet or reputable software wallets that support the asset.
Is there a minimum deposit required to buy LBTC?
Most exchanges require a minimum deposit of around $50 to start trading. However, this may vary depending on the platform and payment method.
How much does one LBTC cost?
The last recorded price was $0.0523 per LBTC. However, due to its inactive status, current market prices may differ.
Can US citizens trade LBTC on MEXC Global?
Yes, but without completing KYC, withdrawal limits apply. US users can trade crypto-to-crypto pairs but may face restrictions on fiat deposits and withdrawals.
Why is LBTC considered inactive?
The developers or community may not be actively maintaining the project, leading to low trading volume and no recent price updates. Always exercise caution when trading inactive assets.
Conclusion
Lightning Bitcoin (LBTC) is a low-liquidity cryptocurrency with limited exchange support. While MEXC Global remains the primary platform for trading, users should be cautious due to its inactive status. Always prioritize security by using private wallets for storage and conduct thorough research before investing.
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