Fold FINALLY allows you to adjust your withdraw amount! \ stacker news ~bitcoin

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Fold FINALLY allows you to adjust your withdraw amount!

479 sats \ 19 comments \ @BlokchainB 31 Jul bitcoin

This used to be one of my biggest issues when I used Fold. To take bitcoin off you needed to withdraw all of it at once. Which made no sense to me. What if I only needed 50k sats to top up my ln wallet? Well the devs finally gave us more withdrawal control for when we stack sats with fold.

Long time coming.

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95 sats \ 3 replies \ @OT 31 Jul

What's the minimum? I think I still have sats there.

0 sats \ 2 replies \ @BlokchainB OP 31 Jul

Looks like no minimums but they do have a disclaimer at the bottom and warn against withdrawals under 500k sats

49 sats \ 1 reply \ @OT 31 Jul

You mean 50k?

71 sats \ 0 replies \ @BlokchainB OP 31 Jul

Nah it’s 500k lol

91 sats \ 1 reply \ @fiatbad 31 Jul

wow, how innovative of them! I wonder where they came up with such an incredible idea. Do other exchanges offer such a feature?

Welcome to 2025, Fold.

0 sats \ 0 replies \ @BlokchainB OP 31 Jul

Hahaha

78 sats \ 0 replies \ @d680ecaa8e 31 Jul

Cash out all amount then refund all amount except 50k sats seems time consumming.

74 sats \ 1 reply \ @kurszusz 7 Aug

This was a smart move on their part! The only question is, why did they wait so long? Was it a strategic move?

0 sats \ 0 replies \ @BlokchainB OP 7 Aug

Great question

65 sats \ 0 replies \ @Cje95 31 Jul

WHOOP WHOOOOOP!!!!

63 sats \ 1 reply \ @Hodl117 31 Jul

Next: Lightning deposits and withdrawals? Maybe?

3 sats \ 0 replies \ @BlokchainB OP 31 Jul

One can hope. They were all in on lightning then they pivoted to all in on Visa card and other trad fi services

62 sats \ 0 replies \ @TRUTHSEEKER20 31 Jul

i love this app even though it still have some restrictions on my region hope that it ay be allowed sooner since it give a really great rewards amounts and good deals for stackers

21 sats \ 5 replies \ @flat24 31 Jul

What benefits could anyone get for having their sats there?
If you have freedom to move the amounts you want, it seems to me that it is not a very good option.

"Imagine having the best asset on the planet, the freest of all, and you still have to ask permission to move it."

55 sats \ 1 reply \ @Undisciplined 31 Jul

Like Blok indicated, you may want to move a smaller amount one place, which doesn’t stop you from moving the rest somewhere else.

However, the benefit of keeping some on Fold is that you can use it to pay fiat bills.

109 sats \ 0 replies \ @flat24 31 Jul

However, the benefit of keeping some on Fold is that you can use it to pay fiat bills.

Inevitably we still live in the fiduciary model, so I understand perfectly because it is useful for you.

It happens to me the same with binance for example.

25 sats \ 2 replies \ @BlokchainB OP 31 Jul

Yeah I have a fold hack I use to earn sats back on my ACH bills I have to pay.

Plus I rather hold idle sats then dollars but when I need dollars I can instantly sell then use my fold card to make a purchase

68 sats \ 1 reply \ @flat24 31 Jul

I can instantly sell then use my fold card to make a purchase

Oh fantastic, I understand. It is very useful for some people 👥 Thank you for sharing your opinion.

21 sats \ 0 replies \ @BlokchainB OP 31 Jul

Yeah for those who practice get on zero meaning get on zero fiat. Which I tried but didn’t like so much so now I some fiat as I need it to pay debt and bills