Bitcoin Forum
June 08, 2024, 04:06:37 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Is it safe to reuse a mnemonic seed in a multisig wallet?  (Read 295 times)
squarepeg (OP)
Newbie
*
Offline Offline

Activity: 13
Merit: 0


View Profile
August 28, 2017, 12:29:05 AM
 #1

Is it safe to use the same mnemonic seed that you use for your solo wallet as the seed for one part of a multisig wallet?  Is it safe to use the same mnemonic seed as a part of two different multisig wallets?
ranochigo
Legendary
*
Offline Offline

Activity: 2982
Merit: 4193



View Profile
August 28, 2017, 03:22:13 AM
 #2

Yes. Just give the xpub key to whomever wants to create a multisig. The xpub key merely gives the addresses that can be generated with its corresponding xpriv and nothing else. As long as you don't leak any of the private keys of addresses that can be generated with your xpub, you are totally safe.

█████████████████████████
████▐██▄█████████████████
████▐██████▄▄▄███████████
████▐████▄█████▄▄████████
████▐█████▀▀▀▀▀███▄██████
████▐███▀████████████████
████▐█████████▄█████▌████
████▐██▌█████▀██████▌████
████▐██████████▀████▌████
█████▀███▄█████▄███▀█████
███████▀█████████▀███████
██████████▀███▀██████████
█████████████████████████
.
BC.GAME
▄▄░░░▄▀▀▄████████
▄▄▄
██████████████
█████░░▄▄▄▄████████
▄▄▄▄▄▄▄▄▄██▄██████▄▄▄▄████
▄███▄█▄▄██████████▄████▄████
███████████████████████████▀███
▀████▄██▄██▄░░░░▄████████████
▀▀▀█████▄▄▄███████████▀██
███████████████████▀██
███████████████████▄██
▄███████████████████▄██
█████████████████████▀██
██████████████████████▄
.
..CASINO....SPORTS....RACING..
█░░░░░░█░░░░░░█
▀███▀░░▀███▀░░▀███▀
▀░▀░░░░▀░▀░░░░▀░▀
░░░░░░░░░░░░
▀██████████
░░░░░███░░░░
░░█░░░███▄█░░░
░░██▌░░███░▀░░██▌
░█░██░░███░░░█░██
░█▀▀▀█▌░███░░█▀▀▀█▌
▄█▄░░░██▄███▄█▄░░▄██▄
▄███▄
░░░░▀██▄▀


▄▄████▄▄
▄███▀▀███▄
██████████
▀███▄░▄██▀
▄▄████▄▄░▀█▀▄██▀▄▄████▄▄
▄███▀▀▀████▄▄██▀▄███▀▀███▄
███████▄▄▀▀████▄▄▀▀███████
▀███▄▄███▀░░░▀▀████▄▄▄███▀
▀▀████▀▀████████▀▀████▀▀
Abdussamad
Legendary
*
Offline Offline

Activity: 3612
Merit: 1564



View Profile
August 28, 2017, 10:29:19 AM
 #3

If you share the xpub with someone else then that person can see all the transactions in your single sig standard wallet too. So best to let electrum generate a new mnemonic for you.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!