What is a bitcoin UTXO?

If you want keep transaction fees down or maintain privacy around your bitcoin spending habits, you need to know about bitcoin UTXOs. In this video, Tom Honzik explains what they are and why they're important to understand for people who hold bitcoin in self-custody.
Read more about UTXOs: unchained.com/blog/what-is-a-...
0:00 Intro
0:31 What is a UTXO?
0:50 How do UTXOs work?
3:11 What is coin control?
3:30 Why do UTXOs matter?
4:40 Conclusion

[@RedBeardOps]

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.

[@charlesauspicks]

Yes, twas helpful... Thanks for sharing.

[@mikewhitepod]

Thanks for the video! Well done.

[@TeshTube]

subbed!

[@AC_616]

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

[@Tweston3ny]

So how to manage them?

[@billennis5032]

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]

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

[@billennis5032]

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

[@distantyahoo]

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

[@aggressivecrypto925]

Never Sell Your Bitcoin.