Multisig wallets in Tonkeeper Pro

What is a multisig wallet?

A multisig, or multi-signature, is a wallet that can be managed by multiple participants. This type of wallet requires multiple private keys to approve transactions, making it convenient for shared use.

Advantages of multisig wallets

Multisig wallets provide an additional layer of security. Even if one participant's key is compromised, crypto assets cannot be withdrawn until the other signers confirm the transaction.

Additionally, multisig eliminates the need to rely on a single person, which is especially useful for teams or companies where the approval of multiple people is required. This makes asset management more secure and transparent.

Creating a multisig wallet in Tonkeeper Pro

The multisig wallet creation feature is available only with a Tonkeeper Pro subscription, which is supported exclusively in the web and desktop versions of Tonkeeper. If you already have a Pro subscription, follow these steps:

  1. Create a new wallet or import an existing one in Tonkeeper Pro.
  2. Click 'Add Wallet' in the lower-left corner and select 'New Multisig Wallet':

  1. On the next step, enter the addresses of participants (the number of participants is not limited) and specify the required percentage of signatures (approval from all participants or a part of them):

📌 Deploying a multisig wallet costs 0.1 TON, so make sure you have enough balance before creating it.

  1. Done! All multisig wallets linked to the selected wallet will be displayed in the 'Multisig Wallets' tab. If you wish, you can pin them to the sidebar.

Examples of using multisig wallets

  1. Wallet with full access for each participant

You can add your partner as a participant and set the quorum to 1 out of 2 (50%). This way, both participants can manage the wallet equally, and no approval from the second participant is needed to confirm transactions.

  1. Wallet with majority approval

You can set the quorum to 2 out of 3 (66%). In this case, most of the participants will need to approve transactions for them to be confirmed.

  1. Wallet requiring approval from all participants

You can set the quorum equal to the total number of participants (100%). This means that every participant must approve any actions within the wallet.

How to make transactions in a multisig wallet

To create a transaction request, go to the multisig wallet and click 'Send' in the upper right corner or navigate to the 'Requests' tab.

In the next step, select the time allowed for signing the transaction and enter the recipient’s address, token, and transfer amount.

Done! Once the transaction is confirmed, the request will appear in the 'Requests' section. Here, you can track its status and the remaining number of required signatures. If the request doesn’t receive the necessary confirmations within the given time frame, it will expire.

📌 Creating an order costs 0.04 TON.

A multisig wallet functions like a standard wallet, enabling you to send tokens and NFTs and access dApps via TON Connect, such as DEX platforms like STON.fi or DeDust.

Multisig wallet with Ledger

You can also use the multisig wallet with Ledger. To do this, import your Ledger into Tonkeeper Pro, then select it when creating a multisig or add it through the sidebar menu under 'Multisig wallets.'

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