If you transfer a UTXO from one address to another address then yes you incur fees. If you set that new Jade wallet up with a pre-existing seed phrase that holds a BTC balance, there is no transfer so no fees.
So I just Received my nostr:npub1jg552aulj07skd6e7y2hu0vl5g8nl5jvfw8jhn6jpjk0vjd0waksvl6n8n JADE and have no idea on how to set it up 😕 😂
I'm sure some YouTube videos will help ...
but I have a #asknostr ( question ❓) ....
If I transfer from my current wallet to a new wallet am I going to incure fees ? I know this sounds dumb but I've always only had one wallet... ie utxo's
And if so when I do would this be considered a consolidation ?
Maybe wait for SATs per V/bite to be low ?
nostr:npub103m96sra82w4agghew9cdxtzs4s8sl7qsjsvw6h653yml0gjrkzqefd3h5 Thoughts 💭 🤔
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#Bitcoin #dca #hodl #sats #stacksats #soundmoney #stayhumble #btc #zaps #zap #coffee #powerlaw #nostr
https://m.primal.net/NAGP.webp
https://m.primal.net/NAGQ.webp
https://m.primal.net/NAGR.webp
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Discussion
so you can program the Jade to your existing Green wallet?
Yep should be able to…. When you get to setup you just need to choose “Restore Wallet” when prompted to select the setup method. You enter your 12 or 24 word seed phrase directly on the Jade, pair it with your companion app (Green, or Sparrow or Nunchuk or whatever), et voilà!
This; if you have a bip39 seedphrase (usually 24 or 12 words) you can import and recover the same wallet, without using a transfer onchain. In some situations it might not work (talking generally, not Jade specifically) due to incompatible address types, but hardware wallets are mostly interoperable like that.