0 sats \ 2 replies \ @longlifelearner20 11 Sep \ on: Coinos.io AMA with Adam and Cole AMA
i believe you guys are doing great job in introducing bitcoin to other customers globally and to adopt it in merchants so that people would exchange it for products they buy, that will increase in demand for lightning swaps since it is super easy and fast and demand no fees at all. but i was wondering how does this wallet project balance the trade-off between other user experience and security, especially when integrating new features like self-custodial accounts and Nostr messaging? and in what extent it will affect cnvince other people to adopt lightning network and trust it especially when using the wallet to store value?
thank you guys :5
Thanks for the question.
Since we're currently custodial, we have the auto-withdrawal feature in the settings enabling you to withdraw to your non-custodial wallet of choice when your wallet balance reaches the "threshold" that you set.
Adam & I (Cole) educate people about non-custodial and we help people set up their non-custodial wallets when they ask.
We don't expect people to hold their Bitcoin on Coinos.
The reason why Coinos is a great option to onboard new users even though it's custodial, is because it's so easy to use and it eliminates a lot of doubt/friction to the skeptic when they see how easy Bitcoin can be to set up and use as every day spending.
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oh wow i see, you guys are doing really great job in eduating people about bitcoin especially those who have doubts and bit skeptical about it. thank you for that. and i really admire the feature you have added about giving people control over their funds in other words; giving them choice to switch between coinos and other non custodial wallet, that is a great option. and how much the setup threshold currentley ? will it change in the future?
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