By Torn - 12.03.2020
How to register bitcoin account
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One of the most useful features of the app is that it supports something known as a 'shared wallet'.
Create a shared Bitcoin wallet by following these 5 steps: Download the Bitcoin. From the "Add Wallet" menu, select "Create shared wallet" This web page the 'wallet name', 'your name', 'total number of copayers' and the 'required number of signatures' needed to send BCH from the shared wallet.
Note: how to register how to register bitcoin account account number of copayers' is the number of people or devices that will have access to this wallet.
Create the wallet and then share the invite code how to register bitcoin account the other people who you want to join the wallet. This way, even if your smartphone is stolen, the thief would be unable to spend from the shared wallet without authorization from the additional cosigners i.
To understand how shared wallets can work, consider this common use-case: Jasmine wants to setup a shared wallet at her company for payroll purposes. She wants 3 managers and herself to have how to register bitcoin account to the same wallet.
This wallet sends salary payments to employees each month. How to register bitcoin account creates a new shared wallet, sets the name as "Payroll Wallet".
She then adds her name and sets the total number of copayers to 4 herself and the 3 managers. Lastly, she sets the required number of signers to 3. This means any of the 4 cosigners can submit a payment request but the payment will not be completed until 3 of the 4 cosigners give their how to register bitcoin account within the app.
Multisig wallets are just like normal wallets—no exception: each cosigner within a shared wallet has a unique private key which grants them partial link to the wallet. Warning: If you create a wallet where 3-of-3 cosigners are required, then if one cosigner loses his or her device and doesn't have the backup how to register bitcoin account, or refuses to sign a transaction, then the funds within that wallet how to register bitcoin account be how to register bitcoin account to all participants!
For this how to register bitcoin account, it is not recommended to create shared wallets that require the signatures how to register bitcoin account all participants.
As you can see, multi-signature wallets are useful for a number of reasons. To create your own shared link download the Bitcoin.
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