Premium Only Content

Bitcoin Magazine Walkthrough: Easy Multisig, How To Set Up And Spend 2-Of-3 Multisig W/ Lily Wallet.
Multisignature (or multisig) bitcoin wallet authorization requires the use of multiple keys to sign off on transactions, providing extra security over funds.
But multisig can be confusing to employ. But Lily Wallet, from software engineer Kevin Mulcrone, promises to make it easy to leverage multisig for your BTC.
In this Bitcoin Magazine video walkthrough, Christian Keroles explains the basics behind using Lily Wallet. Check out the full video to hear his coverage of the following steps:
Setting Up Lily Wallet:
Step 1: Download Lily Wallet through Kevin Mulcrone’s website: https://lily.kevinmulcrone.com/
Step 2: Select “New Account”
Step 3: Name your wallet
Step 4: Plug in your wallet and click “Scan Device” (Coldcard, Ledger, Trezor)
*For Coldcard, you can set up in an air-gapped fashion through Coldcard Navigate
*Import the xPub file with the “Import From File” button
Step 5: Set the number of signers needed to unlock funds
Step 6: Set a strong password (Bitcoin Magazine highly suggests using a password manager)
How To Spend From Lily Wallet
Step 1: Click on the “Send” tab
Step 2: Paste the address to which you want to send funds
Step 3: Input the amount you wish to send
Step 4: Click “Preview Transaction”
Step 5: If the transaction details look good, click “Sign Transaction”
Step 6: Sign with your independent hardware wallets
Step 7: Click “Send Transaction”
Kevin Mulcrone: @KayBeSee
Lily Wallet: @LilyWallet
-
48:12
Bitcoin Magazine
4 days agoIs Strategy Becoming the Central Bank of the Future? | Bitcoin for Corporations Ep. 11
1.24K2 -
LIVE
DoldrumDan
52 minutes agoCHALLENGE RUNNER BOUT DONE WITH ELDEN RING NIGHTREIGN STORY MODE HUGE GAMING
39 watching -
10:59
itsSeanDaniel
1 day agoEuropean Leaders INSTANTLY REGRET Disrespecting Trump
6.81K14 -
16:43
GritsGG
15 hours agoThey Buffed This AR & It Slaps! Warzone Loadout!
6.95K1 -
2:05:30
Side Scrollers Podcast
19 hours agoEveryone Hates MrBeast + FBI Spends $140k on Pokemon + All Todays News | Side Scrollers Live
101K11 -
11:06
The Pascal Show
13 hours ago $1.06 earned'THEY'RE GETTING DEATH THREATS!' Jake Haro's Lawyer Breaks Silence On Emmanuel Haro's Disappearance!
8.89K -
LIVE
Lofi Girl
2 years agoSynthwave Radio 🌌 - beats to chill/game to
362 watching -
2:19:32
Badlands Media
1 day agoDEFCON ZERO Ep. 005: False Flags, Cyber Fronts & Global Power Plays
146K60 -
2:35:23
FreshandFit
8 hours agoWhy Black Men Don't Date Black Women Debate
38.6K38 -
2:03:42
Inverted World Live
12 hours agoBigfoot Corpse Coming to the NY State Fair | Ep. 94
108K27