Reminder that leaving large amounts of sats on custodial wallets is not recommended!

Make it a habit to move sats to a wallet where YOU possess the keys or cold storage.

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Discussion

what is a large amt

That’s different for each pleb. #[3]​‘s small amount is not the same as yours, most likely. ₿ut who knows for sure? ¯\_(ツ)_/¯

That’s the beauty of ₿itcoin and self custody!⚡️💜🤙

lol

Try to think of it like a physical wallet of cash. Enough for you to pay for things while you’re out and about, but if you lost it, it wouldn’t ruin you.

I'd say an amount you're not comfortable with losing randomly overnight

just keep in mind phoenix wallet app (a self custodial lightning wallet app that acts as a lightning node on your phone) requires a minimum of 10k sats to first topup the wallet with and 3k sats will be deducted from that

but that isn’t cold storage ?

/phoenix

self-custodial =/= cold storage

self-custody can be both hot and cold

or*

Always 💪🏻

How can I found out more about this? I have some basic understanding of crypto, but I want to learn more about what you are recommending.