Excellent !!! You're the man that I go to when I want to learn more about crypto. Thanks for sharing your knowledge.
@RhettReisman6 ай бұрын
Happy to help :)
@Bom133 ай бұрын
your videos helped me so much. I just stopped a weekly DCA that was directly sending to my cold wallet. I'll consolidate the UTXOs asap 😢
@RhettReisman3 ай бұрын
Happy to help :) UTXO problem can be pretty deadly
@JojitJohnson7 ай бұрын
Yes; would definitely like to hear your framework for how large utxos should be. I've heard at least 1mil sats
@RhettReisman6 ай бұрын
Good place to start - I will have video out soon
@aspiringwhale73067 ай бұрын
This is pure GOLD ya all
@RhettReisman7 ай бұрын
Lfg 😎😎😎
@Hawaii_NoKaOi7 ай бұрын
0:43 I am not familiar with Inscriptions or Ordinals. Can you do a video on what they are and what is their claimed value proposition?
@RhettReisman7 ай бұрын
I’ll add it to the video backlog 😎
@tonywright83425 ай бұрын
Just what I wanted. How to deal with UTXO’s. about to setup Sparrow Wallet, so this great.
@RhettReisman5 ай бұрын
Happy to help - more UTXO videos coming soon :)
@ambientguilt7 ай бұрын
What is the optimal flow from exchange to cold storage? Is it best to stack a large amount before moving from the exchange? Or is it safer to take money off each week and consolidate like video. What steps should we take from purchase to cold storage that lessen fees?
@RhettReisman6 ай бұрын
Yeah best to stack large amount on exchange and then move it all at once. I’ll make a video with guidelines
@eggface13602 ай бұрын
Thanks for the tutorial
@RhettReisman2 ай бұрын
Happy to help 🫡
@ikust0077 ай бұрын
Thank you mate
@RhettReisman7 ай бұрын
Happy to help :)
@strikewashere14904 ай бұрын
This was super helpful. Thank you!
@RhettReisman4 ай бұрын
Yeah good stuff to know - happy to help :)
@MrKinoeye4 ай бұрын
Liked and subscribed.👍 Question from the Newb corner, I’m confused by adding Sparrow wallet to the mix. I found the following alternate process online. Any reason in your opinion this alternate way wouldn’t work? In the ledger app: 1. Enter BTC account you’re hoping to consolidate. 2. Press “receive”. 3. Verify and copy the address generated. 4. Press “send” in the same account. 5. Set the amount to your total BTC balance. 6. Paste the address you copied earlier as the destination. 7. Sign transaction.
@RhettReisman3 ай бұрын
That should also work
@padonov4 ай бұрын
More more of this. Please.
@RhettReisman4 ай бұрын
Will do 🫡 what do you wanna learn?
@coolmonkey6197 ай бұрын
so how much in fees did you pay? in dollars
@user-qp4rk4yd6s7 ай бұрын
Super helpful! Thanks Rhett!
@RhettReisman7 ай бұрын
Happy to help :)
@hashbrown147 ай бұрын
This was great, cheers!🍻
@RhettReisman6 ай бұрын
Happy to help :)
@freeradical15674 ай бұрын
So did you move all your BTC our Tresor to your Sparrow wallet?or what are we looking at. Can you load from a Arculus wallet to Sparrow … I’m confused right from the start
@RhettReisman4 ай бұрын
I’m using a demo wallet here. I’ll have a video out Monday showing you how to load a ledger into sparrow wallet - it’s 99% the same process as a trezor would be. Not sure about Arculus becuase they don’t have seed phrases afaik- prefer to stay away from devices like that.
@miket.82896 ай бұрын
Great video as always
@RhettReisman6 ай бұрын
Thanks Mike happy to help :)
@mh007221 күн бұрын
Do you have a video on how to connect Ledger to sparrow? I am not able to see my txs. It says it’s connected but nothing populates inside sparrow. Same problem w Jade so clearly I’m doing something wrong. Thanks for any help you can offer.
@RhettReisman21 күн бұрын
Yes! I see you found it but the link might help others: kzfaq.info/get/bejne/Z5d6nrBlnLvcj6M.html
@monsieur.d72206 ай бұрын
Excellent video. My question is : When i send my bag to another HWW , it will automaticalLy create a UTXO consolidation ?
@RhettReisman6 ай бұрын
Yes! Your 1 transaction over to your new hardware wallet will automatically create a new UTXO
@Alpacastan21m2 ай бұрын
Once consolidated, should you include the consolidated utxo as well when doing this exercise for say the next 5 new utxos?
@RhettReisman2 ай бұрын
Only if you want a larger balance. Ex you have a 1 BTC UTXO and 10 0.1 BTC UTXOs you could consolidate it all to 2 or you could keep 2 UTXOs of 1 BTC each based on your personal preference
@Alpacastan21m2 ай бұрын
Thank you
@lc45503 ай бұрын
Does Ledger Live automatically consolidate UTXO’s when transferring assets from an exchange onto Ledger. I’m finding it so hard to get my head around UTXO’s
@RhettReisman3 ай бұрын
Ledger live doesn’t consolidate UTXOs for you. When you transfer bitcoin from Coinbase to Legder, coinbase’s on chain bitcoin transaction will come to your Ledger as a single UTXO. You can actually take the transaction id of that withdrawal from ledger live and put it into mempool.space and see that coinbase pays out dozens or hundreds of accounts in the same transaction as your withdrawal and your withdrawal is just a very small part of a bigger withdrawal. Hope that made sense.
@dynasty7298Ай бұрын
How do do tjid without sparrow
@RhettReisman28 күн бұрын
What wallet are you using instead?
@thomasborda21456 ай бұрын
Noticing Ledger logo in your Sparrow Wallet. How do you connect Ledger to Sparrow?
@RhettReisman5 ай бұрын
Making a video on this soon I’ll post link when it’s live
@RhettReisman4 ай бұрын
Here’s a tutorial: kzfaq.info/get/bejne/Z5d6nrBlnLvcj6M.html
@donaldobrien46216 ай бұрын
Hi, just new to the utxos. I have been purchasing small amounts of euros over a year now. Would like to learn how to set up sparrow and consolidate utxos on ledger. Any help is much appreciated.
@RhettReisman6 ай бұрын
I’ll have a video out on using sparrow with ledger soon. Once you’re set up think you should be able to follow this tutorial
@rufuspipemos4 ай бұрын
Is it possible that early miners who might still have 5,000 BTC in a single address, would have this sum in a single UTXO? Is this why every year or so we hear of someone who moved $10M and their fee was $3?
@RhettReisman4 ай бұрын
Yeah exactly - that's very possible
@EW-ty6qw4 ай бұрын
Like many, I use multiple addresses in my wallet so people cant easy see my total BTC. Are UTXO's not basically the same as thing the different wallet addresses? And if I consolidate UTXOs to one wallet unused address, doesn't that cause the same problem of making it easy to see your totals?
@RhettReisman4 ай бұрын
You can have many UTXOs in a single wallet address. Consolidating UTXOs has the issue you’re talking about where you are losing privacy, but you’re also optimizing for high fees - there will always be that trade off. I cover how you should navigate that tradeoff here: kzfaq.info/get/bejne/fpmoia-Q0cXScZc.htmlsi=_rKAdPMRNuZ8crSV
@EW-ty6qw4 ай бұрын
Thanks for the quick reply!@@RhettReisman
@JuanPablo-ys3gu6 ай бұрын
Can you please make a video for automatic trading using Coinbase Advanced!? 🙏🏼
@RhettReisman6 ай бұрын
Yes! Check them out here: kzfaq.info/get/bejne/aNR4fKeT0LzZdJc.html&pp=gAQB
@DanOTaylor7 ай бұрын
For those that don't know how to use sparrow wallet with ledger, do you have a video on this or do you have any recommendation for reference material? I take it you don't use ledger live at all?
@RhettReisman7 ай бұрын
Yeah I don’t use ledger live. I’ll make a tutorial for sparrow + ledger
@RhettReisman4 ай бұрын
Here’s the full tutorial: kzfaq.info/get/bejne/Z5d6nrBlnLvcj6M.html
@ikust0077 ай бұрын
Questions : 1) those addresses . They appeared …how? On the Ledger I have only one address appearing when I want to receive sats from an exchange or someone. Confused . 2) why not putting immediately those UTXO into whirlpool that is installed with sparrow (I thinkzzz)? 3) once i used that famous address, and everything is batched into 1 utxo , i can then send it cheaply to my Cold Card or whatever…?
@RhettReisman6 ай бұрын
Those addresses are every address my ledger can ever generate. By default it will only show you 1 at a time but once you upload the XPub to Sparrow you will see all of them You could whirlpool them, I've personally never used a mixer. Yes then you can send cheaply, or you can just send them to a coldcard or wherever instead of sending to another address on the same wallet
@ikust0076 ай бұрын
@@RhettReisman I don’t know why I didn’t see your answers previously… sorry. But thank you for your time !
@RhettReisman4 ай бұрын
Full tutorial linking ledger to sparrow: kzfaq.info/get/bejne/Z5d6nrBlnLvcj6M.html
@kschasteen7 ай бұрын
Are all UTXOs the same data size, and does the fee scale linearly with the number of UXTOs consolidated at once?
@RhettReisman6 ай бұрын
Yeah exacly
@riccardosava136 ай бұрын
If I buy a new hardware wallet and send all of my BTC onto it from my previous hardware wallet, Would I still inherit those UTXO's or would I have one single UTXO from that transaction?
@RhettReisman6 ай бұрын
You’ll have a single UTXO if you send over the full balance
@riccardosava136 ай бұрын
@@RhettReisman Thank you! Very much appreciated, and I just subbed!
@corneliussavopoulos85874 ай бұрын
Cant u just send ur utxos to same wallet (the send and receive wallet b the same)?
@RhettReisman4 ай бұрын
We’re sending and receiving to the same wallet here we’re just using a new address in the same wallet. Good for privacy because no one else has used/seen that address
@corneliussavopoulos85874 ай бұрын
Yes i just realized thank u. Another question, can u verify the correct address with the QR (Jade)?
@corneliussavopoulos85874 ай бұрын
When i tried to consolidate with Nunchuck, the tx data read ONLY the fees for Total Output
@RhettReisman4 ай бұрын
Yeah that’s a good reason to use Sparrow or go into the advanced section if Nunchuk has that info of change address and everything. Never used jade - not sure :/
@summerbreeze51157 ай бұрын
I have so many utc stored in trezor one. I won't touch it for 10yrs All my BTC are worthless? Unspensable?😢 Please reply
@RhettReisman6 ай бұрын
If the fees get too high and you have hundreds of UTXOs you might not ever be able to move them
@crisper16144 ай бұрын
Does this work for block stream jade?
@RhettReisman4 ай бұрын
Yeah here’s how you connect jade to sparrow help.blockstream.com/hc/en-us/articles/7559912660761-How-do-I-use-Blockstream-Jade-with-Sparrow
@crisper16144 ай бұрын
@@RhettReisman thanks man!
@zxx57 ай бұрын
could softnote solve that problem? from tectum, what's ur thoughts?
@RhettReisman7 ай бұрын
Not sure what soft note is sorry :/
@zxx57 ай бұрын
instead of sending actual btc funds to another public address, they are exchanging private key with the funds in it, password protected... its a neat concept search it up ^^ @@RhettReisman
@stephenburns4336 ай бұрын
I have difficulty connecting sparrow to my ledger. It doesn't appear ??????
@RhettReisman6 ай бұрын
Hmmm not sure, all I did was plug ledger in to my computer and downloaded sparrow. Going to make a full ledger / sparrow tutorial soon.
@RhettReisman4 ай бұрын
Here’s a full tutorial: kzfaq.info/get/bejne/Z5d6nrBlnLvcj6M.html
@elle-lw1rl7 ай бұрын
What is a UTXO?
@RhettReisman7 ай бұрын
It’s like a bitcoin dollar bill. It could be a $5 bill or a $500 bill or a $583637.63 bill
@elle-lw1rl7 ай бұрын
@@RhettReisman what does the acronym stand for?
@flyjeffva6 ай бұрын
@@elle-lw1rlUnspent Transaction Output
@ikust0077 ай бұрын
Many questions…
@RhettReisman7 ай бұрын
I’ll answer them all 😎
@ikust0077 ай бұрын
2:29 that part really lost me.
@RhettReisman6 ай бұрын
To preserve your privacy you want to select an address that has never been used. Any address that has been used before will have an arrow next to it. Using an already used address will work but someone else might be able to see your transaction.
@backtothebarky6 ай бұрын
Thanks for this vid I've been playing with this on the test net. You go through the signing step to verify the address - why might it not be a valid address? They are generated by the xpub or seed or whatever so why is this step necessary? Should you also varify the next change address? If that was wrong and you sent 0.01btc from a 1 btc UTXO you'd lose the whole lot surely?
@RhettReisman6 ай бұрын
Maybe you have a virus that is showing the wrong address on your computer - unlikely but possible. You should technically also verify the change address - again unlikely to be wrong but possible.