Dec 5, 2022
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Exactly *how* do I consolidate UTXOs?

Written by pinmin


Posited this question on r/ledgerwallet, but I was not satisfied with the responses I got.

I’ve Google, YouTubed, and I still can’t find a resource that tell me exactly how to consolidate Bitcoin UTXOs.

Very simple example scenario:

  • BTC on Ledger Live
  • One/single BTC account
  • ~100 UTXOs; various sizes
  • All I want is to consolidate into the same account on the Ledger Live app/same address

I’ve been told it’s as simple as just generating the receive QR code, then pasting it when sending it (i.e. Address A -> Address A). Call me paranoid, but I’m not convinced that’s all there is to it, otherwise I’d imagine it would be more common-knowledge.

Please help a newb in need, cheers.

EDIT: Thank you to those who told me it’s indeed as simple as generating an address in the same wallet and sending the max balance on 1 sat. As they say, “No question is a stupid question”, and I’d rather ask these kinds of simple questions than do something that risks the security of my cold-storage stack.

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