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0 sats \ 9 replies \ @bitcoinMoon OP 11 Jun 2023 \ parent \ on: Choice in favor of Muun bitcoin
Yes, for the long term
For long term I'd recommend a hardware wallet (but not Ledger). Any software-based wallet has increased risk of theft. Then integrating multi-sig + a hardware device seems like the safest option (though I've never used it; next on the list of things to learn).
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Do you know how the recovery kit works in case muun disappear from the world tomorrow ?
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I read, of course. I'm planning to do some testing. To do this, I will create a new wallet (test), and then try to restore it through the utility
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Good idea, try to make an article here of how it goes for you. I tried before and is a pain in the ass.
BTW, you are the owner of your wealth I’m not here to convince you to change your plans, but not sure if muun is the best for that purpose.
Did you try a trezor ?
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I tried before and is a pain in the ass.
It's extremely simple though: https://github.com/muun/recovery
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I will test and write. No, I have not tried Trezor. And now I don't want to buy it. I'm looking for an alternative, free. By the way, I was browsing on Reddit. for some reason, there is also a distrust of Muun . This is completely incomprehensible to me. The wallet is comfortable. ok, I'll look into it further :)
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Well they are not completely transparent of what is happening with your funds on chain when you use lightning, I know they keep you funds on chain but some time after an extensive use of lightning you can have a different amount on chain and what the wallet itself is reporting , I guess they keep a little room for small incoming transactions but like and that can be alright for a hot wallet but for a long term wallet there are other better options.
Coin control is something yo consider if you like privacy.
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Thank you. Yes, you have sufficient knowledge in this area
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Thank you. Do you have deep knowledge in this area
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