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23 sats \ 7 replies \ @flat24 1 Sep \ parent \ on: Reaching my first 100,000 satoshis bitcoin_beginners
Although this partner's option is quite valid. I personally do not see myself gathering half a million or one million sats in Wos. I couldn't sleep peacefully.
It is preferable to bring Utxo's of 105k or 110k sats and then consolidate at some point a larger utxo and problem solved. and greater security for the medium long term or the time you can take together those 500k sats. In Europe someone is assembled their first Utxo with 500k easy and without disheveled, but on this side of the world things become different and in minor quantities.
IMO @guerratotal
That's really what I was thinking
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the fees u shared are too expensive, proportional to the amount of sats stacked; the additional privacy benefits gained by looping-out (swapping-out or moving lightning-to-onchain) are not worth the sats, imho;
i wud recommend coinos for lower fees of swapping as well as temporary 3rd-party custody, or phoenix if u are already willing to spend this much on a swap-out thru boltz; Phoenix is slightly more expensive, but the private keys are legit and node conectivity is #1;
are u already reading Dathcoin Guides? The following are relevant to your situation:
- https://darth-coin.github.io/beginner/be-your-own-bank-en.html
- https://darth-coin.github.io/wallets/lightning-cleaning-machine-en.html
- https://darth-coin.github.io/wallets/move-btc-taproot-address-en.html
have fun studying pleb!
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I've read some Darth guides, I'm going to read the ones you recommend. My focus this time has been on accumulating sats. Now I want to do my own custody and get rid of those WOS sats. I know it's very practical and good, but it's not self-custody.
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Coinos has struggled a bit in the past, but I still enjoy the wallet. Adam does a great job