bitcoin_beginners

Questions about your cold wallets rotation

DarthCoin

1. I use an xpub I exported from my wallet, Green in my case. But I plan to switch since there is no taproot support (at least last time I checked) and I would like to try Multisig with taproot.
2. Maybe quarterly, just to check if it is still there.
3. Indeed the watch-only wallet for me is for deposit and sometimes check the balance.
4. I don't rotate my utxos periodically with the purpose to save in fees but rather to try a new wallet. Next time I will do it is to switch to Liana, to try their multisig which looks nice and is taproot compatible.
In my case I had a legacy wallet once but it was a mistake, I didn't know what I was doing hahaha.
I am not convinced however by the creation of multiple wallets with big amounts, in my opinion just one is fine. Although in my case I actually have one with a big amount but it is for Lightning, so to spend in the long run. This is the one with less security so to speak.