0 sats \ 7 replies \ @tomlaies 21 Aug 2022 \ on: Muun users - BE AWARE, you will lose sats with Muun ! bitcoin
I appreciate your effort. But we need to be vocal about all custodial Lightning Wallets in general. We don't know to which degree they only hold fractional reserves and a lot of people (not your keys, not your coins) could get burned.
Muun is not custodial.
reply
Muun users know their own keys?
reply
No. They get only some shity codes, not actual privkey, not actual seed words.
And you cannot import/restore that wallet into another app.
Users are fooled.
reply
You can send your funds from Muun into any on-chain address you want using your Recovery Code and the Emergency Kit PDF:
reply
Yes, but it is not bip39 standard, so all the morons in this thread think it’s custodial.
blog.muun.com/why-not-just-a-mnemonic/
reply
No
reply