bostonwine on Nostr: That shouldn’t be too hard! Start with a small amount. Go to Wallet of Satoshi and ...
That shouldn’t be too hard!
Start with a small amount. Go to Wallet of Satoshi and click “receive” and then the B to choose an on-chain transaction.
In Bitvavo (assuming it allows you to “send or receive” your Bitcoin off the platform, rather than simply “buy and sell”, then you’ll want to Send the bitcoin (again, a small amount to start with) to the address you generated in Wallet of Satoshi (screenshot below).
If BitVavo doesn’t let you take custody of your Bitcoin and remove them from their buyin platform, well, that’s a huge red flag. In that case, you’ll want to sell all the Bitcoin for fiat, send the fiat to your bank, and then re-buy the bitcoin somewhere else (happy to advise in that case as well).
But hopefully this is an easy transfer!
Also bear in mind that Wallet of Satoshi is a custodial wallet, which means they ultimately control the funds until you send the money to your own self-custody. That can be a second project, but it’s an important one. So don’t put more money into Wallet of Satoshi that you’d be willing to lose. Think of it as, “the maximum cash you’re comfortable holding in your wallet in a neighborhood that’s known for robbery and mugging.”
Start with a small amount. Go to Wallet of Satoshi and click “receive” and then the B to choose an on-chain transaction.
In Bitvavo (assuming it allows you to “send or receive” your Bitcoin off the platform, rather than simply “buy and sell”, then you’ll want to Send the bitcoin (again, a small amount to start with) to the address you generated in Wallet of Satoshi (screenshot below).
If BitVavo doesn’t let you take custody of your Bitcoin and remove them from their buyin platform, well, that’s a huge red flag. In that case, you’ll want to sell all the Bitcoin for fiat, send the fiat to your bank, and then re-buy the bitcoin somewhere else (happy to advise in that case as well).
But hopefully this is an easy transfer!
Also bear in mind that Wallet of Satoshi is a custodial wallet, which means they ultimately control the funds until you send the money to your own self-custody. That can be a second project, but it’s an important one. So don’t put more money into Wallet of Satoshi that you’d be willing to lose. Think of it as, “the maximum cash you’re comfortable holding in your wallet in a neighborhood that’s known for robbery and mugging.”