nostr:npub1rxysxnjkhrmqd3ey73dp9n5y5yvyzcs64acc9g0k2epcpwwyya4spvhnp8 I watched your Phoenix wallet tutorial. Excellent! I’m planning to set up a wallet for my kids that I’ll give access to when graduating high school. Lightning seems like a more private option than on-chain and I can keep adding small amounts without utxo management.
The initial chunk sent to the wallet will be of significant size to me and on-chain. The 1% fee is high. Is there a better way to get from on-chain to Phoenix? Perhaps on-chain to Muun to Phoenix?
With a significant amount in the Phoenix wallet, is there any security difference between a 12 word lightning wallet and 12 word bitcoin wallet? My intent is these are set aside for a decade with occasional deposits during that time.
With large enough utxo I could also just go the on-chain route for their wallets. I like the idea of being able to gift them something with better privacy however so that’s why I’m looking at lightning.
Would love to know your thoughts if you have time! If not just thanks for the videos. Maybe this is a future topic for you. Setting up wallets for kids that will be secure long into the future and private.