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 :)
Published at
2024-09-15 20:31:02Event JSON
{
"id": "fa727ea02f604579a09f16bfc679abfd1b0cac7bd30ea3c6d35c2fbddf69b233",
"pubkey": "3a1000934a8ac5bc00b623f61ab2ab89c39951bc33acbca2f78a453c78c9b597",
"created_at": 1726432262,
"kind": 1,
"tags": [],
"content": "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. \n\nI’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. \n\nEffectively, I have 6 keys for that wallet in Sparrow, and then I exported the xpubs/output descriptors (in multiple formats). \n\nI’ve tested the seed-words, and tested I can send and receive on this wallet. \nI’ve tested the output descriptors also. \n\nI 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. \n\nThank you. Will zap every comment :)",
"sig": "2ff712d54a8f6a5853c19c273cdf99c95a706fa18309744526c11f67bc7ad4ae6751330fc19ee711ae9a840731545a31245a375ab26c356bb034f3bee05a383e"
}