How to Get Started with BTC Threshold Wallet

If you’re new to Taproot or Threshold Wallet, it’s easy to get started in just a few simple steps:

  1. Create a Multisig Account Group
  2. Set up the Multisig Account
  3. Deposit 0.1 sBTC to Multisig Account
  4. Withdraw 0.099 sBTC from Multisig Account
  5. Confirm the transaction from Multisig Account

Please note: Please make sure every members in Multisig group has imported wallet using mnemonic phrase, otherwise it may cause Multisig Account unavailable.

Step #1: Create a Multisig Account Group

A Multisig Account Group acts as your gateway into BTC Threshold Wallet. Before you create a Multisig Account, you’ll need to create a group chat first.

Step #2: Set up the Multisig Account

Now you’ve created a Multisig Account Group, let’s set up a Multisig Account of BTC Threshold Wallet.

  • Tap the ‘+’ icon and click [Transfer]
  • Select [Create] and select at least 2 group members
  • Name the ‘Multi-account name’
  • Enter (2) into ‘Threshold value’
  • Select [sBTC] as ‘Token type’
  • Click [Create] to complete Multisig Account Set-up

Step #3: Deposit 0.1 sBTC to Multisig Account

You can deposit funds into this Multisig Account wallet: Transfer sBTC from your Coming Wallet sBTC Address and use it on the BTC Threshold Wallet.

Please Note:All users can claim up to 0.1 sBTC every 24 hours from sBTC faucet.

  • Access to sBTC Wallet and click [Send]
  • Select [Address] and paste the Multisig Account Address
  • Enter (0.1) into ‘Transfer amount’
  • Click [Confirm] to complete Multisig Account sBTC deposit

Please Note: The transaction might take for a while due to the block generation rate. You can check via Internet: https://mempool.space/signet

Step #4: Withdraw 0.099 sBTC from Multisig Account

By holding 0.1 sBTC in BTC Threshold Wallet, you’ll be ready to withdraw 0.099 sBTC from Multisig Account.

  • Tap the ‘+’ icon and click [Transfer]
  • Select [Signet(sBTC)] and [Confirm]
  • Select [ Send to address] and paste your sBTC Wallet Address
  • Enter (0.099) into ‘Transfer amount’
  • Click [Continue] to wait the confirmation of Multisig Account sBTC withdrawal

Step #5: Confirm the transaction from Multisig Account

Finally, you have to complete the transaction process by getting 2 out of 3 confirmations.

About ComingChat

ComingChat’s mission is to build a metaverse for the entire ecosystem. With the economic structure of Bitcoin, it aims to reshape the digital economy system for billions of people around the world by building a simple, secure, and private global payment system and financial infrastructure. It further strengthens the interaction between the Internet and the real world by serving as a gateway for users to enter the Web3.0 world where a programmable identity system is established with CID as users’ digital identity, thus achieving unprecedented interoperability.

It will be a trustworthy, and user-centered metaverse platform that enhances user interaction services including:

  • Decentralized social system
  • Bitcoin wallet
  • GameFi
  • NFT ecosystem
  • DApp

Website | Twitter | Medium | Telegram

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ComingChat is an encrypted messaging app with digital asset transfer function

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ComingChat is an encrypted messaging app with digital asset transfer function

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