OpenNode provides two ways to move Bitcoin from your OpenNode account to an external Bitcoin wallet:
Scheduled weekly transfers
On demand transfers
Scheduled Weekly Transfers
Scheduled transfers are an easy way to move Bitcoin from the OpenNode platform to an external Bitcoin wallet for free. You can enable scheduled transfers by selecting the toggle on the Wallets > Bitcoin wallet page.
OpenNode processes scheduled weekly transfers on Sundays at 11:30 UTC (Universal Coordinated Time). To stop scheduled transfers, simply disable using the toggle.
Users can select the percentage of the OpenNode Bitcoin balance to withdraw to an external Bitcoin wallet, from 1% to 100%. We recommend setting the transfer percentage to 100%.
OpenNode processes scheduled weekly transfers on chain for free.
The minimum balance required for scheduled transfers is 0.001 BTC.
On Demand Transfers
On Demand transfers allow users to move Bitcoin anytime via the Lightning Network or on chain. To initiate a transfer, select "Instant" on the Wallets > Bitcoin wallet page.
On demand on-chain transfers incur a 1% fee.
Instant Lightning Network transfers are always free.
On-chain Bitcoin transfer can be initiated any time. Final settlement time will depend on the Bitcoin blockchain. We have set up OpenNode withdrawals to settle within one block confirmation, typically resulting in a sub-10-minute settlement time. The minimum amount for instant on-chain transfers is 0.002 BTC.
Lightning Network transfers can also be initiated any time. Lightning transactions are designed to settle instantly. You should receive your funds within seconds after completing the transfer.
In Summary
Scheduled Weekly Transfer:
Free
On-chain only
Processed every Monday at 11:30 UTC
Minimum balance is 0.001 BTC
Instant Transfer:
On demand, anytime
On-chain for 1% fee with settlement typically within 10 minutes. Minimum amount is 0.002 BTC
Lightning Network for free, instant settlement