Nostr Web Client

Replying to

Hanshan

create two new cold storage wallets.

load the old cold storage into a hot wallet.

move out the noKYC utxos one by one to the new cold, waiting a random amount of time between each transfer.

wait a week or two.

move the KYCed utxos to the other.

or better yet, sell them back to the exchange and buy noKYC.

Dakota 7mo ago

When you say two wallets, do you mean two separate seed phrases, or two separate BIP-44 “accounts” owned by the same seed? And why do this instead of just doing coin control?

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Discussion

Hanshan 7mo ago

I wouldn't just do coin control because you ABSOLUTELY do not want to fuck it up and connect your KYC and noKYC stacks.

too easy to make a mistake.

Separate bip44 wallets should be ok if you have a good UI to handle it. Ive never used it. tbh I'd just install Sparrow and use two completely separate seeds with different signing devices.

but since most mistakes happen due to user error, it's better to use tools you are comfortable with.

Dakota 7mo ago

The pro in my mind of doing two bip-44 “accounts” is then it’s only 1 seed to store instead of 2.

kidwarp 7mo ago

Bruh just buy 2 new cold cards n keep the kyc and non kyc stacks completely separate

Dakota 7mo ago

Bruh they cost like $240 which is a lot of sats bro. The technology exists to keep them separate with one seed phrase, why wouldn’t I?

kidwarp 7mo ago

240 is chump change when talking about storing bitcoin

Dakota 7mo ago

Right. I still don’t get why I would want to store two seed phrases when I could just store one? Larger attack surface, more to lose, etc.

kidwarp 7mo ago

Don’t take the advice of someone who’s have been involved with bitcoin longer than you.