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@ Christina
2023-03-28 12:13:51Mt. Pelerin recently announced that they now support the Bitcoin Lightning Network.
https://twitter.com/mtpelerin/status/1618557638740160512This means that as someone based in Europe, I can buy Bitcoin directly on Lightning network by bank transfer (or card) and receive it in my LN wallet. Or the other way around, I can send sats from a Lightning wallet to Mt. Pelerin and receive euros directly in my bank account.
No exchange involved.
Did I mention that there is no KYC for up to 500 EUR/year on Mt. Pelerin? You got to love that Swiss mentality around money and privacy!
How can I buy sats;
At mtpelerin.com, I choose the currency I want to send: Euro.
I will test it with a small amount, let's say 10 EUR. Then I choose not BTC but sat, one of the other options with the Bitcoin logo.
So I will receive around 47.000 satoshis.
Satoshi is the smallest denomination of Bitcoin. 1 Bitcoin has 8 decimals points, so 1 satoshi is 0,00000001 Bitcoin
It was named after Bitcoin's founder Satoshi Nakamoto, the name on the Bitcoin whitepaper.
On the next step, I have to add an address from the wallet I will receive those sats.
So I needed a Bitcoin Lightning Network enabled wallet.
Lightning wallet
Since I had no Lightning wallet at the time, I decided to try the app that Mt. Pelerin offers.
So I downloaded their app called Bridge Wallet from the App store.
Here I can choose the Bitcoin Lightning blockchain.
Now I can continue buying on the app and select Buy - Buy by bank transfer and enter that I want to buy 10 EUR worth of satoshis
The app shows me that with the current Bitcoin price I will receive around 47.000 sats (at the time of recording this). I also noticed that it automatically created a Lightning address for my wallet at ln.mtpelerin.com.
On the next step, I can see the Mt. Pelerin's bank details where I have to deposit my 10 EUR.
I can tap to copy the IBAN and reference information from here and then send 10 EUR from the Revolut app.
One working day later, I received this email from Mt. Pelerin notifying me that they received my 10 EUR deposit.
A few hours later, I received 47.000 satoshis in my Lightning address on the Bridge Wallet app.
That's it, now on to try some Lightning wallets!
Any ideas where I can spend those sats?
Also on
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