pull down to refresh
32 sats \ 4 replies \ @DarthCoin 2 Dec \ parent \ on: Favourite lightning wallets on desktop? lightning
Here is a simple chart to understand the amount on UTXOs for a future use.
Yes, in general you get it right, using a cache / buffer zone where you manage your funds.
As I explained in this guide, in details - THINK like a bank:
https://darth-coin.github.io/beginner/be-your-own-bank-en.html
this is a very handy visualization actually, 1 mil does seem like a reasonable sweetspot
reply
I would keep various amounts in multiple UTXOs, in multiple wallets (not the same keys and xpub)
- 10-20 UTXOs of 10M sats
- 15-30 UTXOs of 2-5M sats
- 20-50 UTXOs of 1M sats
- some others of 500k sats
Why?
In this way you are ready to spend or use for opening decent LN channels. keep in mind you organize your UTXOs based on your opening/closing LN channels, not to make payments from them.
Example: you will not open a 1M LN (private) channel with a 10M UTXO. But you will try to use a smaller one, closer to the amount you want for that channel. When you open a LN channel is recommended to use the entire UTXO leaving no sats back.
Also is recommended to keep a small UTXO of max 100k sats in your node onchain wallet in case is needed for bumping fees for opening/closing channels.
reply
I'm not running a node yet so would it apply still or is this just something to bookmark for if i start running a lightning node one day?
reply
Yes, just keep it in mind, because is better to be well organized from the beginning.
Is not really necessary to apply this only when you have a desktop public routing node... you can apply it also for private nodes like Zeus, Blixt , Breez, Electrum, Alby, LNbits, Bitkit etc.
Even if you use only custodial LN accounts for spending but keep the UTXO in your own self-custody wallets, when you move funds from/to your cold stash, you must do it wisely.
reply