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Testing send from multisig wallet with Sparrow/Seedsigner
755 sats \ 4 comments \ @Signal312 22 Sep bitcoin_beginners
This is my first time doing anything with multisig, so please bear with me.
If I want to test out SENDING from a multisig wallet, I can just send to another receive address on that same wallet, is that correct? That'll prove that I can send, but it'll also not require me to set up another wallet, that's my thinking.
Please correct me if I'm wrong.
Also, I'm looking around in Sparrow for how to actually do the spend, with a multisig wallet with a PSBT - partially signed bitcoin transaction - and it's not obvious to me. I looked for a walkthrough, and I must be searching for the wrong keywords or something cause not much is coming up. If anyone is aware of a walkthrough like this, I would love to see it.
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90 sats \ 1 reply \ @ek 22 Sep
If I want to test out SENDING from a multisig wallet, I can just send to another receive address on that same wallet, is that correct? That'll prove that I can send, but it'll also not require me to set up another wallet, that's my thinking.
Yes, it's like consolidating utxos
Also, I'm looking around in Sparrow for how to actually do the spend, with a multisig wallet with a PSBT - partially signed bitcoin transaction - and it's not obvious to me. I looked for a walkthrough, and I must be searching for the wrong keywords or something cause not much is coming up. If anyone is aware of a walkthrough like this, I would love to see it.
If you create a transaction, you should land at this screen:
If you click on "finalize transaction", you should see this:
Here you now have the option to save the PSBT and import it into another wallet to sign it.
When the signature threshold is met, you can broadcast from any wallet.
Does that help?
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27 sats \ 0 replies \ @Signal312 OP 23 Sep
Yes, thanks, this was helpful! I was actually able to send from a multi-sig wallet. Just like it's supposed to, I was able to broadcast the transaction when 2 of the 3 wallets had signed.
The flow is still pretty rough, at least for someone like myself, not really knowledgeable about multi-sig and not too familiar with Sparrow. It was mostly a lot of guessing and poking around.
I guess now with the low fees is the time to test things - OMG - 2 sats per vB. Wow.
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0 sats \ 0 replies \ @Bitcoiner1 23 Sep
A very important step when creating a wallet is to delete it and check if you are able to access again to the wallet. Always do it before sending 💰💰💰💰
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0 sats \ 0 replies \ @bitalion 22 Sep
If it is possible to send to one's own address, there is nothing to prevent it, regarding whether the transaction is RBF if I'm not mistaken all transactions are RBF unless you don't want it to be
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