Wait no, you have to withdraw to self custody as you repeatedly stack up to your minimum preferred utxo size 🧠
Discussion
AGREED
Can you elabore more on this?
Daily or hourly DCA is gonna be a feature on a centralized exchange. You don’t want to leave sats on the exchange, but you also want to be mindful of utxo size (not withdraw every time you have like a few thousand sats)
So withdraw from the exchange once your balance of sats on it reaches what you feel is a “good” utxo size. For some people ~1 million sats is the target.
Others night want higher, but that probably means leaving sats on the exchange longer
Or lower like maybe 500k which allows you to get them into your custody sooner, but some would say you’re getting into utxo size territory where it could be not economically viable to spend down the road in a high fee environment (in terms of the mempool/mining fees to send or consolidate)
nostr:npub14uhkst639zvc2trx2nlsvk4yqkjp690zk89keytnzgmq2az0qmnq58ez89 explains UTXO management and consolidation extremely well in this nostr:npub10qrssqjsydd38j8mv7h27dq0ynpns3djgu88mhr7cr2qcqrgyezspkxqj8 episode:
Personally i think 500k-1M is a good range to think about withdrawing
But also if you’re doing lightning withdrawals you might not even care what amount you withdraw. It could be 10 sats