What is a bitcoin UTXO?

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  • Опубліковано 13 січ 2025

КОМЕНТАРІ • 14

  • @RedBeardOps
    @RedBeardOps Рік тому +9

    Sparrow has gone a long way helping me understand and manage my UTXOs.... highly recommended. Separating UTXOs of certain types (KYC, non-KYC, etc) into different accounts is also very nice... Thanks for the video on the basics, I'll share this one for sure.

  • @AC_616
    @AC_616 Рік тому +6

    Great video and VERY helpful in explaining UTXOs. Thank you!! Not going to lie, I watched it 3 x's to make sure I understand it...I might even watch it again, if needed. Lol #learning

  • @charlesauspicks
    @charlesauspicks Рік тому +3

    Yes, twas helpful... Thanks for sharing.

  • @gh4534
    @gh4534 7 місяців тому +1

    let's say one purchased BTC on an exchange. Say three purchase of $3000 each were made on the exchange for a total value is $9000 on the exchange. I presume there are 3 UTXO? If one moved that BTC to a wallet, would that effectively consolidate into one new UTXO? Assuming $9000 was moved all at once to a wallet?

    • @tomhonzik_unchained
      @tomhonzik_unchained 7 місяців тому +7

      Good question! When you make purchases on an exchange, that doesn't create any UTXOs. The exchange doesn't keep your bitcoin separate from other exchange users. Instead, they just make a note of how much they owe you and everyone else, among their existing balances across whatever UTXOs they have. When you withdraw to self custody, that's when you first receive a UTXO and need to consider UTXO management.

    • @m4gnif1cent39
      @m4gnif1cent39 2 місяці тому +1

      @@tomhonzik_unchained thx for explaining!

  • @billennis5032
    @billennis5032 Рік тому +2

    Can UTXOs be combined after they are in your wallet? Or do you need to initiate a transfer to yourself to do that? Ex let’s say I have 100 incoming transactions of size .01 BTC. So a total of 1 BTC across 100 utxos. Can I combine them in some way or could I send them all back to the same wallet?

    • @tomhonzik_unchained
      @tomhonzik_unchained Рік тому +4

      They can be combined, but only by grouping them together and sending them back to yourself. This is called a UTXO consolidation!

    • @billennis5032
      @billennis5032 Рік тому

      @@tomhonzik_unchained Thanks! And that could require one transaction? With fees going higher that might matter.

  • @mikewhitepod
    @mikewhitepod Рік тому +8

    Thanks for the video! Well done.

  • @distantyahoo
    @distantyahoo Рік тому +2

    isn't this basically the Achilles heel of BTC?
    will it not force a lot of coin to cold storage... aka "dust"?

  • @aggressivecrypto925
    @aggressivecrypto925 10 місяців тому +3

    Never Sell Your Bitcoin.

  • @TeshTube
    @TeshTube Рік тому +6

    subbed!

  • @Tweston3ny
    @Tweston3ny 8 місяців тому

    So how to manage them?