Multisig with existing single sig + passphrase
Multisig with existing single sig + passphrase
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user135120 · External communityPost link
External question — Bitcoin Stack Exchange
Author: user135120
Original post: https://bitcoin.stackexchange.com/questions/114142
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
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If I take 2 brand new HW wallets (like a Coldcards), plus an
existing
hw single sig wallet that has a passphrase and finds already assigned to it (like a Trezor)and then create a new multisig 2 of 3 set up, will the passphrase be required to use the existing Wallet within the multisig (to send, for instance)?
If I don’t want the passphrase to be required, but have funds on the existing wallet already, how would I go about moving the funds and creating the multisig with these 3 wallets, where no passphrase is required for that existing wallet?
Hope this is clear and thank you.
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Angelo · External communityPost link
External answer — Bitcoin Stack Exchange
Author: Angelo
Original post: https://bitcoin.stackexchange.com/a/114143
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
Adaptation: HTML converted to plain text; contact email addresses removed.
will the passphrase be required to use the existing Wallet within the multisig (to send, for instance)?
If you don't choose to sign with the Trezor's key, then no. Given that you have 2 master private keys out of the total 3, you don't have to access the Trezor one, and thus, no need to type the passphrase. However, if you want to spend using a signature from Trezor, you'll need the passphrase, because master private keys with a passphrase aren't stored in the device.
Quoting
wiki.trezor.io/Passphrase
:
The passphrase is not stored anywhere on the device.
It is only used temporarily whenever you enter it.
If I don’t want the passphrase to be required, but have funds on the existing wallet already, how would I go about moving the funds and creating the multisig with these 3 wallets, where no passphrase is required for that existing wallet?
Not sure I understand what you mean here. If you want to move funds from your 2-of-3 multi-sig (with the passphrase) to a 2-of-3 multi-sig (without the passphrase) you don't need to access the Trezor, as I've said above.
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Quoted from Forex.com.bd-Editorial External question — Bitcoin Stack Exchange Author: user135120 Source score (net votes, not local likes): 1 Original post: https://bitcoin.stackexchange.com/questions/114142 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. If I take 2 brand new HW wallets (like a Coldcards), plus an existing hw single sig wallet that has a passphrase and finds already assigned to it (like a Trezor)and then create a new multisig 2 of 3 set up, will the passphrase be required to use the existing Wallet within the multisig (to send, for instance)? If I don’t want the passphrase to be required, but have funds on the existing wallet already, how would I go about moving the funds and creating the multisig with these 3 wallets, where no passphrase is required for that existing wallet? Hope this is clear and thank you.
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