I don't use custodial wallets anymore. I did use the SN wallet back in the day, and I have to admit I would have probably used the primal wallet for nostr zapping, but it isn't available where I live. I think alby hub made a big difference in convenience for me. Now I use my own nodes for everything.

Well, the obligatory answer here is: nice try, fed.

But If i was feeling risky, I'd say less than 50k sats.

5-10% of my total stack.

Why would yo use custodians? Unless you really can't afford a channel.

I believe we can allow custodians up to 10-20k sats. More than that is playing with risk.

The problem is not how much, but that you end up getting lazy and instead of supporting self-custodial developement like you guys, we end up supporting "bitcoin banks" which is a step back. So zero es the right answer.

I really enjoy Bitkit, great work there! For me, it depends on who is using it. If it is my mom, then custodial is ok below 25 usd. If you understand wha you are doing, full self custodial.

about 30 bucks worth is my mental limit of what i would be willing to lose. if it was an ecash wallet, it would be less, like 10 bucks max

I don’t use custodial wallets at all but may keep a few sats on exchanges while buying. So max would be once I bought the amount I wanted to buy then move it all to self custody.

I have small amounts in various custodial wallets to make lightning easy. Wallet of Satoshi, Coinos, as well as some exchanges that have lightning. I've recently checkout out bitkit and it seems to be the best and easiest implementation of a self-custodial lightning wallet I've seen. I don't use lightning enough to justify opening a channel. But using Stacker news and getting frequent small amounts of sats, I might use your app soon for this.

In my case, I use the Community's custodial wallet, where I only keep very basic funds—up to 10k SAT, and sometimes less. I use Phoenix as a self-custody wallet because I live in a country with probably one of the worst internet connections out there. I was using Blixt, but I had to stop because of synchronization issues. However, I am in favor of full self-custody. Even for merchants who want to run their own node with their own LNbits to manage multiple wallets and extensions, the suggestion here is Phoenixd + LNbits on a VPS.

I have been playing around with Bitkit since you posted. I received this message:

Does bitkit not provide lightning services in the US?

I use Rizful for my NWC connections. I try not to keep more than 10k sats in there. Might be a bit conservative but its new tech.

I consider cashu custodial as well, and I would feel paranoid about my sats disaeppearing if I held more than 20,000 in cashu.

I mean... I don't need one but if I had no other option I wouldn't trust any more than what I carry in cash (USD) in my pocket. Not much. Enough for the day basically. I would never trust life changing levels to a custodian. Not a wallet or an exchange. But if people want to do that... its none of my business. People do dumb things every day.

with bitkit individual transactions are limited to under USD999...so much for self sovereignty. with aggregate transactions up to a total of usd5000 1% routing fee is charged. 'until such time as the amount of Routed Payments made through a Blocktank Connection exceeds US$5,000 in value (in aggregate), an amount equal to 1% of the amount of the Routed Payment;' Thats a hell of a lot higher fees than I pay on coinos...imo bordering on usury.

Bitkit can close your 'self sovereignty' wallet at any time without notice or reason and can change the terms of use including fees charged without notice at any time - so much for self sovereignty.

Read the fucking fine print.

max 100 usd, then moving it to self LN nodes. Waiting for bolt12 on LND, let's see how it will change things.

I use coinos because it is easy and the fees are almost zero and it has good liquidity. Will keep up to 100k sats on it though have channeled up to 500k through it. It makes spending sats easier now some retailers are accepting LN. Have not seen any lower fees LN wallet with the same liquidity. I support coinos because LN must be easy to use for wider MoE adoption.

Only for teaching someone about bitcoin for the first time, then no, shoudl be self-custodial. I haven't tried Bitkit but will give it a try today :)