Continuing Education: UTXO Consolidation | How to Minimize Bitcoin Transaction Fees

We at Unchained Capital are passionate about helping our clients become sovereign in their bitcoin journey. However, taking control of your bitcoin also means taking responsibility for maintenance items like UTXO consolidation.

In this week's webinar, we walk you through everything you need to know about UTXO consolidation: what it is, why it is important, and show you how to do it right in your own Unchained vault.

— What is a UTXO and why is it important?
— How to protect against higher than average fees on future spends
— How to perform a UTXO consolidation
— Future best practices and advanced consolidation with Caravan

Caravan multisig coordinator: https://unchained-capital.github.io/c...
Unchained Concierge onboarding: https://unchained.com/the-vault-conci...

0:00 Introduction
3:29 Key terms
12:05 What is a UTXO and why is it important?
28:50 How to perform a UTXO consolidation
38:00 Future best practices and prevention
40:05 Advanced features using Caravan
42:40 Q&A
42:55 Should we create a consolidation vault to send consolidations to?
43:23 Can you select which UTXOs to combine?
43:44 Does it matter how often I consolidate UTXOs?
44:42 Can Unchained make a single click to automate this for non-technical people?
45:10 Are there tax implications for combining UTXOs?
45:50 Why shouldn't I do a 1 sat per byte bitcoin spend?
47:42 Why doesn't Unchained allow a 1 sat per byte spend?
50:05 Does it make sense to do this often if I don't plan to spend my BTC?
52:08 Does it matter where a consolidation spend goes?
53:08 What happens if I choose a low transaction fee and fees move higher?
56:17 How many Unchained vaults can I have?
57:30 Conclusion