befree on Nostr: Going to try this set up from my Fold App this week. #btc ...

Going to try this set up from my Fold App this week. #btc

quoting note1tjm…29eq

Great setup chosen by Jor (nprofile…ykzv).

Minibits is a Cashu wallet (Ecash protocol that uses Bitcoin for settlement). When you deposit Bitcoin thru Lightning, a Cashu mint hands back Ecash tokens that are stored on your local device. These Ecash tokens can be sent or used as payment via network or QR code. Users have to trust the Cashu mint will redeem their Ecash tokens when they want to swap to Lightning.

It is integrated with Nostr. It is in beta, use small amounts only.

Minibits enables near private, instant and cheap transactions over Lightning. You don't need to manage inbound or outbound Lightning channel liquidity as would be required by a self custodial Lightning wallet, and you don't lose sender privacy as would happen with a Lightning custodial wallet.

Aqua is an all-in-one Bitcoin, Lightning and Liquid BTC wallet. You can easily swap between these using Aqua for low fees. Liquid BTC is a federated (11 out of 15 multisig) Layer 2 solution offering cheaper, confidential and fast transactions. Although it can use Lightning, the fees involved are higher than using a regular Lightning wallet. Liquid BTC wallets like Aqua will become more valuable as Bitcoin network fees increase over time.

I stack sats rewards at Fold (and purchase BTC), and send them to Aqua. From there, i can send to Minibits or cold storage.