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can i "consolidate" on Trezor Suite in this way?
i'm very new and i'm trying to learn everything i can. scrolling this sub i saw this "consolidate" word with the UTXOs acronym. with the help of a chatgpt i'm understanding the meaning: moving funds (to yourself) to reduce the size of something and thefore paying a lower fee. using the Trezor Suite app i can make multiple addresses, label them etc. my question is: can I consolidate by sending it all to a second address (with a different XPUB), move everything in one new clean piece of paper? also how does this affect the sizes and fees? submitted by /u/cleankiwii [link] [comments]
i'm very new and i'm trying to learn everything i can. scrolling this sub i saw this "consolidate" word with the UTXOs acronym. with the help of a chatgpt i'm understanding the meaning: moving funds (to yourself) to reduce the size of something and thefore paying a lower fee.
using the Trezor Suite app i can make multiple addresses, label them etc. my question is: can I consolidate by sending it all to a second address (with a different XPUB), move everything in one new clean piece of paper? also how does this affect the sizes and fees?
[link] [comments]
