Replying to Avatar Satoshi ₿itconheiro

Hello everyone, it’s me again asking newbie’s questions 😛

I just bought a hardware wallet and I was wondering if I have to worry about UTXO.

I buy BTC regularly no-KYC and it comes to one liquid wallet, then I send it to another one to convert it to BTC, then I send to my cold wallet. I’m “hodling” and I’m not planning to move any founds out from my cold wallet, just put them in. Should I worry about consolidating UTXOs?

And most importantly, where is the best place to learn about it?

#asknostr #utxo #bitcoin #introductions #newbie #BitcoinSaveTheHumanity
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bookguy 1y ago

I consolidate to larger uxtos on chain, I try to keep my cold storage uxtos above 0.1 btc. Essentially you are generating a recieve address and sending your smaller uxtos there. Do it when fees are cheap

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Satoshi ₿itconheiro 1y ago

Thank you!!