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2023-12-05 14:11:11

Foundation on Nostr: Coin control, simplified 🪙 Often reserved for only the most technical Bitcoiners, ...

Coin control, simplified 🪙

Often reserved for only the most technical Bitcoiners, with Envoy 1.4 we’ve brought coin control to everyone with the most intuitive approach to date.

🏷️ Quickly tag coins
✅ Spend from an entire tag OR
🪙 Get specific and pick individual coins

🧵 👇



Coin control gives you the power to reveal exactly what you want when you spend Bitcoin by including (or excluding) precisely the coins you want.

Want to learn more? Check out our educational thread on coin control from earlier this week:

https://nitter.net/FOUNDATIONdvcs/status/1731372754073485449?s=20

In Envoy, we've approached coin control with the goal of lowering the barrier of entry - coin control for everyone, even grandma 👵

In order to use coin control, you simply need to start applying "tags" to coins in your wallet as you go.

Acquire some no-KYC sats? Tag as "noKYC."

Keep a separate stash for conferences? Tag as "conferences."

Your coins, your control.

To tag coins, simply:

1. Enter an account
2. Tap the tag icon
3. Enter a tag (like "Untagged")
4. Select coins to tag
5. Tap "Tag Selected"
6. Name the tag



And you're done! Once you've created a tag for the first time, tagging new coins only gets easier from there.

Easily manage your tags, delete them, rename them, or move coins between tags with just a few taps.

But coin control doesn't stop there, as it's vital that you can easily exclude specific tags or coins from being spent!

To do this, we give you the ability to easily lock entire tags or individual coins, preventing them from being spent by Envoy until you unlock them.

Simply tap the🔓icon on any tag to lock all the coins in a tag, or tap the🔓icon on an individual coin to lock just that coin.



Once you've locked the coins you don't want to be spent, you can continue to use Envoy as normal but trust that it won't select any locked coins.

Locking coins + simply spending from Envoy is a great place for everyone to start with Envoy.

In addition to tags, you can also easily add notes to a coin or transaction to give additional context.

Notes can be far longer than tags, allowing you be more specific with where you got those coins from, what a transaction was, and much more.



So how do you spend from tags? 🤔

There are three ways to spend when using coin control:

1. Spend from an entire tag and let Envoy choose what coins from that tag to spend
2. Select specific coins to spend
3. Edit a transaction before sending to tweak what coins are used

Spending from one or more tags is as easy as entering an account, tapping the tag icon, and toggling on any tags you want to spend from.

Once you've done that and ensured that there are enough sats selected, simply hit Send Selected and spend as usual!



Spending from coins functions the exact same way, but you simply enter any tags you want to spend coins from and individually toggle on coins that you want to use.

Pick enough coins to cover the sats necessary, hit send, and enjoy total control 🫡



You can also just begin creating a transaction as normal and select "Edit Transaction" before hitting send to see what coins Envoy automatically selected and edit them as you see fit.

Just be sure you include enough sats in the coins you select and hit Send when you're done!

Want to learn more about how to use coin control in Envoy? Check out our full documentation on our site, or watch the video below:

https://docs.foundationdevices.com/en/envoy/tags

Freedom money deserves freedom tech, and that includes giving you the freedom to spend your Bitcoin *exactly* as you want to.

Download Envoy today to experience coin control, simplified:

https://foundationdevices.com/envoy/
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