Ren on Nostr: I've created a multi-sig wallet for freezing storage and inheritance, But my ...
I've created a multi-sig wallet for freezing storage and inheritance, But my knowledge is still very limited so I'm gonna share with you how I did it and please tell me if I messed up.
I’ve created a 3-of-6 wallet in Sparrow Wallet. I only have 3 hardware wallets. So in order to have 6 seed-words, I signed once with each hardware wallet, saved the seed-words, reseted all the hardware wallet, signed and backed-up seed-words once again.
Effectively, I have 6 keys for that wallet in Sparrow, and then I exported the xpubs/output descriptors (in multiple formats).
I’ve tested the seed-words, and tested I can send and receive on this wallet.
I’ve tested the output descriptors also.
I believe I’m set, but please tell me if I have done anything wrong before I stack large amounts of bitcoin on that wallet. If I missed anything. And the downsides or security holes I have in my setup.
Thank you. Will zap every comment :)
I’ve created a 3-of-6 wallet in Sparrow Wallet. I only have 3 hardware wallets. So in order to have 6 seed-words, I signed once with each hardware wallet, saved the seed-words, reseted all the hardware wallet, signed and backed-up seed-words once again.
Effectively, I have 6 keys for that wallet in Sparrow, and then I exported the xpubs/output descriptors (in multiple formats).
I’ve tested the seed-words, and tested I can send and receive on this wallet.
I’ve tested the output descriptors also.
I believe I’m set, but please tell me if I have done anything wrong before I stack large amounts of bitcoin on that wallet. If I missed anything. And the downsides or security holes I have in my setup.
Thank you. Will zap every comment :)