Question...
I've never consolidated all my #Bitcoin UTXOs
This morning I ran a test transaction moving .01 BTC into a fresh unused address.
I see that the TX ID pulled sats from 4 of my old wallet addresses.
How does the Bitcoin blockchain work, unless specified, is this a First in First out UTXO system?
It depends on the wallet. A good one should allow "coin control" so you choose the UTXOs.
Right..đź‘Ť
All dependent on the wallet. Choose one with UTXO selection.
You can use a wallet like sparrow to send specified utxos. This is called “coin control” and I highly recommend learning about it/using it.
So much to learn, and I've already learned so much. When does it end!?!?
The blockchain doesn’t pick which UTXOs are part of a spend tx. Your wallet does. If you are going to consolidate, you should use a “wallet” that allows you to pick each UTXO. If you want to speak, DM me and I can provide a cell number to explain.
Gracias! 🤙🏽
Ahh. I'm fked. I've not labeled my addresses over the years so it's basically just going result in a consolidation of a few traceable addresses if someone were to take the time to do the forensics.
I'm just a boring #Bitcoin HODLing shrimp 🍤 anyway.
If you are able to, check out Sparrow Wallet - you’ll get total control over your UTXO set, and you can tag UTXOs, for example being able to separate out KYC UTXOs from non-KYC etc. Sparrow also makes it easy to do UTXO consolidation, and you can make sure you keep your UTXOs grouped by KYC/non-KYC when you consolidate so you don’t mess up your privacy.
