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Author Topic: Is there a way to share MEW Wallets with another person securely??  (Read 78 times)
bitsnbits (OP)
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May 25, 2021, 01:58:37 PM
 #1

Is there any way to share a wallet with someone else? If I download MEW Wallet and keep a wallet/account on my phone and then someone else can access it on theirs as well?
I can't find any documentation on this really.

I'm mining ETH with someone else (we split the cost) and want to both be able to see the account.

thanks!
Charles-Tim
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May 25, 2021, 02:06:18 PM
 #2

You can tell him the seed phrase of your wallet, he too will be able to see the funds and access it after he imported the seed phrase on ethereum wallet. But this can lead to scam, because anyone one of you can move the fund, he can decide to scam you by moving the funds to another wallet. You too can scam him/her this way. So not recommended.

The best you can do is to create a 2-of-2 multisig wallet, I believe there should be ethereum wallet that can do that. On multisig wallet, both of you can see the balance and be able to track your transaction history, but you will need the permission of your friend before you will be able to transfer funds on the multisig wallet. If your friend also want to transfer funds from the multisig wallet, he will also need you permission.

The question is, what is the best ethereum multisig wallet you can use? I hope ethereum users will be able to tell you one. Wait for their response.

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grabpopcorn536
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May 25, 2021, 02:15:36 PM
 #3

Each wallet will have two parts: a public address and account recovery information.
A public address is an address where people send you money and anyone can find it.
The account recovery information is the secret key and secret phrase. When creating any new wallet will have this section and it is your responsibility to store them.
Keep your account safe so only you know your secret phrase or secret key. It is dangerous to share with anyone else your Ethereum wallet recovery information.

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May 25, 2021, 02:23:25 PM
 #4

Use a multisignature wallet
https://gnosis-safe.io/
Multisignature Wallet Tutorial: How to Use the Gnosis Multisig Ethereum Wallet
https://www.youtube.com/watch?v=pFa63FR8Mgk&list=LLLSMVaontPGdW9Qjp-S6r4A&index=3
Or choose the leader among you so that he transfers coins to the partner's wallet at the end of the month.


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