How to Create a Bitcoin Wallet Address

>>>How to Create a Common Bitcoin Wallet <<<

Bitcoin.com Wallet is a packaged wallet application, with no features packaged for Bitcoin Cash (BCH) and Bitcoin Core (BTC). One of the most useful features of the app is that it supports something known as a 'shared portfolio'. Also known as a multi-signature (or multisig) portfolio, a shared portfolio is accessible by two or more people and requires at least one of these 'cosigners' to authorize BCH spending from the shared wallet.

 Create a shared Bitcoin wallet by following these 5 steps:

Download the Bitcoin.com Wallet app for iOS, Android, Windows, Linux, or Mac 

From the Home screen, tap "+" in the Bitcoin cash wallets menu for create a new wallet. 

From the "Add Wallet" menu, select "Create Shared Wallet" 

Enter "wallet name", "your name", "total copy number" and "required number of signatures" needed to send BCH from your wallet.

Note: 'Total copy number' is the number of people or devices that will have access to this portfolio. The 'required number of signatories' is how many of these people or devices will need to manually authorize a transaction before it is sent. 

Create the wallet and then share the invitation code with other people you want to join the wallet. This code can also be scanned or the text block copied and pasted


Why use a shared portfolio? Security:

 A single user with multiple devices can use a shared portfolio to enhance the security of transaction capabilities. This way, even if your smartphone is stolen, the thief will not be able to spend from the shared wallet without the authorization of additional cosigners (i.e. one of your other devices).

 ** Accounting: ** A common wallet gives all cosigners access to the history of single wallet transactions.

 ** Third party storage or brokerage: ** To make a bet or buy something online.

Voting for use of funds: An organization may be established to be able to send a payment only after you have reached the required authorization threshold. 

To understand how shared wallets can work, consider this common use case: Jasmine wants to create a shared wallet in her company for payroll purposes. She wants 3 managers and herself to have access to the same portfolio. This portfolio sends monthly salary payments to employees. It creates a new joint portfolio, puts the name as "Payroll Portfolio". She then adds her name and sets the total number of compensators to 4 (herself and 3 managers). Finally, it sets the required number of signatories to 3. This means that any of the 4 advertisers may submit a payment request but the payment will not expire until 3 of the 4 cosigners have given their in-app authorization.


Do not forget!

Multisig wallets are just like normal wallets - no exception: every makeup inside a shared wallet has a unique private key, which gives them (partial access) access to the wallet. It is very important for all creators to back up their shared wallet! Warning: If you create a portfolio where 3-by-3 cosigners are required, then if a cosigner loses his / her device (and has no backup), or refuses to sign a transaction, then the funds within that portfolio will be inaccessible. to all participants! For this reason, it is not recommended to create shared wallets that require the signatures of all participants. As you can see, multi-firm wallets are useful for a number of reasons. To create your shared wallet.