Part 11/13:
Consolidate UTXOs during low-fee periods: Send multiple small UTXOs into a single large one.
Avoid excessive small UTXOs: Small UTXOs increase transaction size and fees when you spend.
Cole directs viewers to detailed tutorials on UTXO management, showing how to keep your wallet optimized for cheapest transaction costs.
Practical Steps for Beginners and Large Holders
Start small: Use a hot wallet like Blue Wallet or similar.
Upgrade strategically: Move to hardware wallets once holdings grow.
Always backup seed phrases securely—preferably offline, written down, and hidden.
Utilize passphrases and multisig for maximum security as your Bitcoin stack increases.
Run your own node when feasible, to enhance privacy and decentralization.