Replying to Avatar Maria2000

#asknostr

I'm looking for different options to stack sats, add some privacy, and be relatively secure. I watched a video by blockstream that shows how to move sats from exchange over lightning, do a swap into liquid using Boltz, then wait to accumulate a bigger amt, then finally into cold storage onchain. I dont see much talk about liquid here on nostr. Is there something more i should research or consider about using liquid and boltz swap? I guess i'm hesitant to have too many sats at a time sitting in lightning, and i recently had issues with Mutiny wallet.
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Beneath The Ink 1y ago

If you are planning on saving a significant amount in bitcoin I would suggest a cold storage wallet like trezor or cold card. Buy the wallet direct from the manufacturer, don't try to get a cheaper option, that might be compromised.

Once you have that set up continue DCA or your current stacking method on your preferred exchange (ideally one without super high fees) theres a super good intro to this on r/bitcoin on reddit.

Lightning and any other layer 2 should be for small transaction and amounts.

Certainly not the only way to do it, but its the safest. I had bitcoin in celsius when it collapsed and lost a good bit until earlier this year when I was able to get some back through PayPal.

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