McCoy on Nostr: Self custody will help you understand how to interact with the network. It’s worth ...
Self custody will help you understand how to interact with the network. It’s worth the time.
MUUN->CC+Sparrow-> watch with Blue Wallet
MUUN Wallet has decent trade-offs for those hesitant about self custody. 2/2 multisig with MUUN holding one key and *your phone* holding 2nd. You can access both keys & move coins without MUUN using a code. You can also recover a key from MUUN via email sign up - opt in, not required.
Here is a path:
✅ set up MUUN + backup
✅ self custody a modest amt of coin with MUUN and practice back-up
✅ in low fee times practice sending and receiving - Cashapp has zero fee withdrawals
✅ buy a Coldcard + Sparrow desktop wallet
✅ create + back-up a master seed: read/learn about entropy with respect to seeds
✅ practice when fees are low sending / spending to CC & MUUN back and forth
✅ set up Blue watch Wallet using your xpub
✅ wean off of MUUN
✅ deposit directly to your CC cold storage via Blue Wallet receive addresses
✅ Done
This path will force you to learn how to interact with the network in a gradual track - as your skills/confidence increase you will be more comfortable with large amounts.
Go slow, but get started.
MUUN->CC+Sparrow-> watch with Blue Wallet
MUUN Wallet has decent trade-offs for those hesitant about self custody. 2/2 multisig with MUUN holding one key and *your phone* holding 2nd. You can access both keys & move coins without MUUN using a code. You can also recover a key from MUUN via email sign up - opt in, not required.
Here is a path:
✅ set up MUUN + backup
✅ self custody a modest amt of coin with MUUN and practice back-up
✅ in low fee times practice sending and receiving - Cashapp has zero fee withdrawals
✅ buy a Coldcard + Sparrow desktop wallet
✅ create + back-up a master seed: read/learn about entropy with respect to seeds
✅ practice when fees are low sending / spending to CC & MUUN back and forth
✅ set up Blue watch Wallet using your xpub
✅ wean off of MUUN
✅ deposit directly to your CC cold storage via Blue Wallet receive addresses
✅ Done
This path will force you to learn how to interact with the network in a gradual track - as your skills/confidence increase you will be more comfortable with large amounts.
Go slow, but get started.