Create a Wallet
Last updated
Last updated
You can enter the wallet page to create wallet.
A single-signature (single-sig) wallet is a type of cryptocurrency wallet that requires only one private key to authorize transactions.
When the team has not yet created a wallet, click the "Wallet" on the left to enter the wallet page, and select "Single Sign Wallet". If you have already created a wallet before, you can click the "+" icon to create one more wallet.
Enter the wallet name and click "Confirm" to proceed to the next step.
Generate a recovery phrase. You need to manually write down the recovery phrase displayed on the page, which can be recorded on pen and paper or on a secure computer. The recovery phrase represents the ownership of the wallet assets which is very important. Please keep it safe. Cregis system will not record the recovery phrase for users. After completing the recovery phrase in private recording, click "Backup Successfully" to proceed to the next step.
Based on your previous records, select the recovery phrase in the corresponding position to confirm that you have recorded the recovery phrase.
After answering the correct phrases, you need to complete the authentication by transaction password.
You have created the wallet successfully.
A multi-signature (multi-sig) wallet is a type of cryptocurrency wallet that requires multiple private keys to authorize a transaction. This provides an added layer of security compared to a single-signature (single-sig) wallet, which requires only one private key. Before you start to create a multisig wallet, please ensure that all the participants are online to finish the wallet creation.
When the team has not yet created a wallet, click the "Wallet" on the left to enter the wallet page, and select "Single Sign Wallet". If you have already created a wallet before, you can click the "+" icon to create one more wallet.
Select the members to participate in multi-signing.
After selecting the participants, set the signature threshold below. The signature threshold refers to the number of people who need to agree to use the wallet funds. After setting the signature threshold, click "Confirm" to send the invitation. You can select 3 participants but only require two signatures for approval. Please be reminded that the signatures required for approval can not exceed the number of participants. Also, please ensure that all the participants are online to finish the wallet creation.
After clicking confirm, an invitation will be sent to the participants. Creators will enter the waiting page and need to wait for the participants to join. During this process, the pop-up window cannot be closed, otherwise the wallet creation will fail.
After all participants have joined, click the "Start" button
The recovery phrase for a multi-signature wallet consists of 24 words, and each participant has a different set of recovery phrase. Please keep your recovery phrase safe, and after backing them up, click "Successfully Back up"
To ensure that you have backed up the recovery phrases, the system will randomly select 5 groups of recovery phrases for verification. Please choose the correct recovery phrase according to the recovery phrases you have backed up
After the recovery phrase verification is passed, the creator will enter the waiting page. Please wait for all other members to complete it. If you leave or close the Client at this time, the wallet creation fails.
When all the participants are completed, a pop-up window will appear indicating that the wallet has been created successfully. Click "Into Wallet" to start using it.
