Cooperative Bitcoin Exit

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Overview

A Cooperative Bitcoin Exit allows you to transfer funds from Spark to Bitcoin L1 through an atomic swap. This cooperative approach is both faster and more cost-effective than exiting unilaterally.

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Prerequisites

• Spark Wallet Initialized: Ensure you have initialized your Spark wallet.
• Sufficient Balance: Verify that your wallet has enough BTC to perform the exit.
• Recipient Address: Have the Bitcoin address ready where the funds will be sent.

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Performing a Cooperative Exit

To perform a cooperative exit, execute the following code:

const amount = 10_000;
await sparkWallet.cooperativeExit(amount, "bcrt1qjp3q5v3qv94qvu6ww8c4paw6g6lhat5mk8m92x");

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Best Practices

• Verify Recipient Address: Always double-check the recipient Bitcoin address to prevent loss of funds.
• Monitor Exit Status: Regularly check the status of your exit to ensure it completes successfully.
• Backup Wallet: Before performing exits, ensure you have backed up your wallet to avoid any accidental loss.
• Small Exits First: Consider performing a small test exit to verify the process before transferring larger amounts.

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Next Steps

With your Quick Start guides complete, explore more advanced features in the Wallet Documentation.