- 27.02.2020

How to register for bitcoin account in ghana

how to register for bitcoin account in ghanaBTCGhana is a remittances platform that integrates bitcoin technology into mobile money plataform in africa. The Paxful Bitcoin Wallet app makes it easy to send, receive, and trade Bitcoin on the go.

One of the most useful features of the app is that it supports something known as a 'shared wallet'.

How to register for bitcoin account in ghana

Learn more here a shared Bitcoin wallet by following these how to register for bitcoin account in ghana steps: Download how to register for bitcoin account in ghana Bitcoin.

From the "Add Wallet" menu, select "Create shared wallet" Set the 'wallet name', 'your name', 'total number of copayers' and the 'required how to register for bitcoin account in ghana of signatures' needed to send BCH from the shared wallet.

Note: 'Total number how to register for bitcoin account in ghana copayers' is the number of people or devices that will have access to this wallet.

Create the wallet and then share the invite code with the other people who you want to join the wallet.

How to register for bitcoin account in ghana

This way, even if your smartphone is stolen, the thief would be unable to spend from the buy amazon account wallet without authorization from the additional cosigners i.

To understand how shared wallets can work, consider this common use-case: Jasmine wants to setup a shared wallet at https://catalog-id.ru/account/skrill-login-account.html https://catalog-id.ru/account/bitcoin-to-bank-account.html for payroll purposes.

She wants 3 managers and herself to have access to the same wallet.

How to register for bitcoin account in ghana

This wallet sends salary payments to employees each month. She creates a new shared wallet, sets the name as "Payroll Wallet".

How to register for bitcoin account in ghana

She then adds her name and sets the total number of copayers to 4 herself and the 3 managers. Lastly, she sets the required number of signers to 3.

How to register for bitcoin account in ghana

This means any of the 4 cosigners can submit a payment request but the payment will not be completed until 3 of the 4 cosigners give their authorization within the app.

Multisig wallets are just like normal wallets—no exception: each cosigner within a shared wallet has how to register for bitcoin account in ghana unique private key which grants them partial access to the wallet.

Warning: How to register for bitcoin account in ghana you create a wallet where 3-of-3 cosigners are required, then if one cosigner loses his or her device and doesn't have the backupor refuses to sign a transaction, then the funds within that how to register for bitcoin account in ghana will be inaccessible to continue reading participants!

How to register for bitcoin account in ghana

For this reason, it is not recommended to create shared wallets that require the signatures of all participants. As you can see, multi-signature wallets are useful for a number of reasons.

How to register for bitcoin account in ghana

To create your own shared wallet download the Bitcoin. Was this helpful?

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