Hardly waxed. It doesn't burn if you try to tie a knot, it only burns which means it will unravel/unravel if you cut it very tight. So if you're making sliding, adjustable bracelets, you'll need to add glue, which can scratch (because again, the thread unwinds once it gets wet, so you'll run out of barbs). And this is not just a marriage, because I have the exact same problem with a white coil. There's a lot of it, so at least there's this.
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