Is it better to send sats to cold storage in one fat transaction or to split it up?
#asknostr
Discussion
Payjoin it
Better doing in parts ⚡️
1 000 000 sats minimum id say. Should account for future higher fee environments.
Fat and then continue adding small bits more
Good to have multiple stacks honestly so no one can know your true value, also some Monero on the side as an insurance policy.
But I would say deposit on a certain basis if you're stacking a certain amount consistently, or wait until you have a decent amount because fees chip away when you transfer a lot.
depends on your goals and if those sats are kyc'ed or not. If they're KYC sats it doesn't matter what you do. If they're not then it's up to you how you secure the keys to access those coins on-chain. I prefer less addresses for no-KYC BTC. I literally have like three of them or better, I don't. I don't have BTC.
Maximize anonymity by having 3 Bitcoin addresses but never any balance in them
I have more addresses but yeah I have only a few non-kyced addresses some of them still have a 1 at the beginning and they've never engaged with any exchange. Only with miners.
If you mine blocks and get paid in Bitcoin the IRS could want a cut
If you just mine wallet addresses and never touch a UTXO, all you have is a bunch of worthless wallet addresses, nothing the tax man can touch. Just something to think about 🧠
yeah things have changed a lot in recent years. When I used to mine there was no KYC pools and the main trading pairs were BTC/everything else. But you can still buy newly mined coins today from non-kyc miners. Thanks for trying to educate but I've been doing this for over a decade. I know what I'm doing.