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42 sats \ 1 reply \ @bzzzt 19 Sep 2023 \ on: One big UTXO or several small ones for cold storage? bitcoin
If you plan to coinjoin before spending in the future, then just lump all the KYCd coin for now, imo. At the point where you start coin joining it'll make sense to have sets of utxos as the coinjoin output ( think of it like separate wads of cash that are not traceable to past consolidations of cash ) that you utilize for lightning channels / spending.
Keep the KYC'ed UTXOs separate from the non-KYC'ed (separate wallet or strict coin control). I have some KYC UTXOs that remain "forever" in cold storage and will not move. No need to coinjoin here.
However, every non-KYC UTXO I coinjoin now as the fees will be higher in future. Right now, it is relatively cheap to go into whirlpool as the mining fees are not that high.
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