x92vbb on Nostr: Well...WoS is custodial, so "not your keys - not your coins". I learned it the hard ...
Well...WoS is custodial, so "not your keys - not your coins".
I learned it the hard way from another custodal wallet I had my coins on and got rugpulled a few months ago.
So custodial for very small amounts only.
They also almost all require a KYC-like user identification.
Using them anonymously is usually not possible.
(Or maybe somebody has a solution for that? #asknostr )
Own nodes on the other hand can be tricky too, and the costs and stress are underestimated by most people:
- on chain fees for channel opening and closing,
- buying inbound liquidity,
- making backups of your channels,
- potential force closing by whom you had the channel opened with
I myself have not found the perfect solution yet...
I learned it the hard way from another custodal wallet I had my coins on and got rugpulled a few months ago.
So custodial for very small amounts only.
They also almost all require a KYC-like user identification.
Using them anonymously is usually not possible.
(Or maybe somebody has a solution for that? #asknostr )
Own nodes on the other hand can be tricky too, and the costs and stress are underestimated by most people:
- on chain fees for channel opening and closing,
- buying inbound liquidity,
- making backups of your channels,
- potential force closing by whom you had the channel opened with
I myself have not found the perfect solution yet...