Replying to Avatar Keysa - Simplest Bitcoin Edu

Thanks, but the part I was confused about was why exchange > liquid > cold storage..

Why not just exchange > cold storage? Then realized probably to have the privacy step of L-BTC in the middle, is that the reason (assuming as you say folks don’t use an exchange with liquid)?
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goodcharity 2y ago

One thing is it lets you use self custody while you wait for fees to cool off, rather than having to choose between high fees and trusting the exchange

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