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0 sats \ 6 replies \ @spiderman OP 23 Sep \ parent \ on: Can I Use Coinos as a Swap Exchange as an Alternative to Boltz? bitcoin_beginners
a lot of consumers load sats into coinos to spend them.
Is it, functionally, same as, for example, loading sats into my Blockstream green lightning to spend at retailers? Both non-custodial, right? That means coinos can rugpull my lightning sats as much as Blockstream green?
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0 sats \ 4 replies \ @SwapMarket 23 Sep
Blockstream green is just Blockstream wallet now, and it is L1 only and non-custodial, i.e. you control the private keys, not some server. Blockstream cannot rug you. Coinos is both L1 and L2, and is custodial. They can steal your coins. If you want non-custodial lightning without running your own node, look at Phoenix. But keep in mind that opening channels costs money, so your first payment will be expensive.
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0 sats \ 2 replies \ @Solomonsatoshi 23 Sep
Will stick with Coinos thanks, as they are by far the best LN service I can see in the market. Lowest fees by far.
Prefer keeping L1 sats on a different wallet, Electrum.
Electrum cannot rug me and cold storage on Electrum is better than any HW, imo.
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0 sats \ 1 reply \ @SwapMarket 23 Sep
Depends on where you run your Electrum. Many Windows viruses exist to steal from this wallet. Check out TailsOS.
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0 sats \ 0 replies \ @Solomonsatoshi 23 Sep
Would never use windows state surveillance shatware for anything let alone Bitcoin computing. Would you??? FFS Never use apple or windows shatware for serious Bitcoin computing. I have not used either, this century, for anything.
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0 sats \ 0 replies \ @spiderman OP 23 Sep
Blockstream has lightning features too. They can rugpull my lightning sats, right? But not my on chain sats?
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0 sats \ 0 replies \ @Solomonsatoshi 23 Sep
I dont know much technically but think any wallet that custodys our sats could probably in theory rugpull them. All I know is coinos fees are very low, it can be used on any browser and I have always has very good response from Adam if there's ever any problem. I just want an easy to use LN wallet with low fees and coinos does that very well for me...so far so good anyway. Obviously never leave a lot of sats sitting in wallet where you dont have direct custody of the sats.
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