296 sats \ 12 replies \ @Natalia 7 Oct 2023 \ on: Stacker Saloon
what is the best way to clean out some small onchain sats?
grouping them when low fee? 🧐
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they are not dirty, but I want to keep things simple.
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yes, but they are not KYCed, so I want to make them together but then paying high fee is a bit stupid; But then it is too small amount hard to spend them directly, so I want to make them all together then spend it 😂
It's like small coins in the real world, they are there but hard to spend, and heavy to carry around.!
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yes, that is why I am asking is it the only option to group them when low fee? because I don't like having so many small on-chain sats everywhere 😂 LN is the way to go for small stuff.
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that's also a good option - leave it alone now 😂
just swap them into LN using a submarine swap service.
https://darthcoin.substack.com/p/lightning-network-submarine-swaps
I always recommend to have:
- multiple onchain wallets, with multiple UTXOs, with various amounts.
- never keep just one giant UTXO with all your BTC in it. Split it in small pieces, but not so small. Enough to be able to open regular LN channels.
- make a good coin control and funds management on 3 levels, before you are moving to your cold storage. As I always said with this scheme:
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I was talking exactly about these practices on my weekly audio telegram session. But you weren't there.
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