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0 sats \ 4 replies \ @Zepasta 23 Feb 2023 \ on: If you are using BlueWallet Lndhub please read. bitcoin
What does this mean? Can some1 explain to me like i'm 5?
I currently have 200k in my LN BlueWallet app, what do i have to do to not lose them?
“The service will be shutdown on the 30th of April.
If you have sats there, please move them to another service/wallet of your choice.”
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What another service/wallet? To where i move them? WTF is going on
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That's for you to decide. I had some sats there and this morning I have moved them to Alby (also custodial). Could move them to Wallet of Satoshi, for instance.
However, I believe it is better to run one's own Lightning node or at least use a non-custodial mobile wallet, such as Phoenix or Breeze. That way, you will have full control over your own funds. I am going to look into that now.
As to what is going on, I don't know their reasons for shutting down the service. From the dry tone of their statement, I imagine that they might be scared of government regulation, or maybe they got a warning, or maybe their lawyers recommended them to shut it down before they get in trouble. But this is just a wild guess; I don't know at all.
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You're using a custodial service that is shutting down. Withdraw to another lightning wallet whether that's custodial or not.
Not your keys not your coins.
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