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0 sats \ 7 replies \ @tomlaies 21 Aug 2022 \ on: Muun users - BE AWARE, you will lose sats with Muun ! bitcoin
I appreciate your effort. But we need to be vocal about all custodial Lightning Wallets in general. We don't know to which degree they only hold fractional reserves and a lot of people (not your keys, not your coins) could get burned.
Muun is not custodial.
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Muun users know their own keys?
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No. They get only some shity codes, not actual privkey, not actual seed words.
And you cannot import/restore that wallet into another app.
Users are fooled.
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You can send your funds from Muun into any on-chain address you want using your Recovery Code and the Emergency Kit PDF:
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Yes, but it is not bip39 standard, so all the morons in this thread think it’s custodial.
blog.muun.com/why-not-just-a-mnemonic/
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No
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