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0 sats \ 1 reply \ @GCOIN 2 Apr \ parent \ on: Are all your eggs in one basket 🧺 ? bitcoin_beginners
Could you please explain a bit more the importance of the third point ? I understand the need to have multiple wallets for different UTXOs (if one wallets is exposed the others remain safe). But what role do wallets apps play, considering that if I create a wallets with Green, I can also open it in electrum, for example ?
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20 sats \ 0 replies \ @DarthCoin 2 Apr
multiple wallet apps, with multiple amounts.
All onchain only wallet apps are all the same, so using multiple onchain apps on mobile is dumb and useless. Onchain is exclusively for opening/closing LN channels.
Advantage? To be ready in any moment to make payments in many situations. If one wallet app fail or doesn't have enough liquidity you can switch instantly to another one.
If you are using only Green for example, you are limited to their functionalities. Also I am talking about LIGHTNING capable wallets not onchain only.
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