I recently transfered my Bitcoin from GetAlby to Coinos (also lightning) and it charged me a 1% fee.
Which of these apps/wallets would have the cheapest transaction fee to make a transfer from the closing Alby wallet guys - nostr:nprofile1qqsvn0dkjt80raqrxd470c98n7zrdehmcvj6p5hgw3kyku6zyd8z0fqpr9mhxue69uhhyetvv9ujumt0d4hhxarj9ecxjmnt9u5ex5az, nostr:nprofile1qqsvwct7ssehccgu040egxe4k8k9ru4wd605r2kfv9sf94gsu8pftcqpr9mhxue69uhhyetvv9ujuumwdae8gtnnda3kjctv9uqsuamnwvaz7tmwdaejumr0dshs8we63u, sparrow, blue wallet, river, muun, and it appears I also have minibits, cashu.me and Zeus downloaded.
I am thinking probably not the first two and orienting toward non kyc, and probably something that can do LN invoice?
#asknostr
Discussion
That's a very fair fee. I really like Coinos.io, and use it send zaps, but I receive zaps and do most of my lightning payments using Minibits. I like Minibits because in addition to lightning, it's also a full ecash wallet. With Coinos, you can create ecash tokens to give to others, but you can only redeem ecash tokens created by Coinos' mint. That limits its functionality for me, so I primarily stick with Minibits. But if I have to move sats to my on-chain wallet, it goes through Coinos because Minibits doesn't support on-chain transactions. It's tough to find a wallet that does everything, so you just gotta go with what provides the functionality you use most, and use some other wallet to handle what your main wallet doesn't.
Oh interesting. That's all valuable information. I am new to ecash and have a feeling it will take me a moment to get versed in it. But starting to use minibits for my Nostr zaps is a good place to start.
Great note SLCW, I feel that my Bitcoin is safer in cold storage as long as I stamp my seedphrase in a SAFU NINJA backup. I bought the stamping tools, stainless steel washers, bolts and nuts from local stores using fiat; having these tools organized in a small tool box, will be useful on the long-run leaving NO digital trail behind, (i.e. laser stencils, sticker vinyls, CNC files, etc.). Coinos allows me to manage (import/export) my seedphrase; transactions fees to/from seedphrase only cost USD$1 but you must have at least 4678 sats for any transaction, which for me is fairly balanced considering that if you want to use Sats for Zaps they still remain easily available on your Coinos lighting wallet - while your bulk Bitcoin is safe in cold storage. Coinos also gives you a live preview of your seedphrase balance in any currency as well as transaction history. Although not every wallet out there offers the same functionalities, seedphrase management is perhaps the most strategic feature for users wanting to save for future investments.
I've seen those self-stamped steel wallets using washers and nuts, but I don't know anything about stamping metal or assembling them. I bought a Capsule from CryptoSteel, which is basically the same concept for dummies like me who don't know about metal stamping. Lol
Cryptosteel is good but I watched some test reviews about it's safety during vibration, impact, temperature and corrossion and C300° degree temperatures and I was not very impressed or convinced about storing my seedphrase on tiny pieces of metal.
Plus most people probably used a credit card or a digital device to purchase the Cryptosteel and I wanted to avoid leaving a digital trail behind including expensive solutions which would end up being unsustainable on the long-run; I decided to go for the hardware solutions such as stainless steel washers and manual stamping or engraving tools. Stamping is by far the faster solution; in 30 minutes you can build a seedphrase backup in the privacy of your home, no digital trail, no intermediaries and no expensive procedures.
Isn't stamping washers also storing your seed on tiny pieces of metal? The only other real alternative is one of those steel plate things. It's got a matrix of letters and numbers, and you use a center-punch to mark each of your seed letters in the space provided. They're popular, and several companies make variations of it, but I don't really like them because of the size. The capsule is ideal for my desires. It's secure, and the form-factor allows it to be stored very easily, or even hung around your neck if you want. Looking at the temperatures and conditions it's rated to withstand, I'm very comfortable storing my seed on it.
I prefer a DYI lifetime solution in the comfort and privacy of my home, without intermediaries or digital resources. Stamping takes 30 minutes tops, it allows you to make mistakes if you have spares and have fun if you like arts and crafts.
I watched those videos you shared with me, and I'm going to try it! I'm gonna go to Home Depot and see if I can find a stamping kit and the washers, bolts and nuts needed to construct the seed bolt.
Do you have a video that shows how to make one of the ones you have? With the stamping? I'd like to create a second steel storage device and I'd like to try making one of possible.
Hi SLCW, I'm glad you asked me this, there are at least three methods to stamp your seedphrase at home BUT in all three you will need basic tools to build a jig.
I found three methods for building a jig: the wood, the metal or the plastic method. Check these 3 videos below, each of them allowed me to decide the best solution for myself,
https://youtu.be/WFpxVbTqhB8?feature=shared
Awesome! Thank so much!
Sounds like your next step is to look into using miniscript to create time locks to protect against wrench attacks. "I'd be happy to give you my sats, Mr Robber. If you're okay with waiting until next Tuesday, they'll be available for transfer."
Very cutting edge stuff, but you could effectively at least roll it manually using something like Liana wallet at this point. Though you'll end up looking like Popeye if you stamp out a new wallet every time your time lock expires. Might be better to look into making it lock and unlock on a rolling basis within the same wallet...