CoinEx Vault multi-sig wallet supports asset management on multiple networks. If your group needs to use one or more networks, please activate them one by one after the group is created.
Step 1: Preparation - Deposit the activation fee in your personal wallet
If the network to be activated supports smart contracts, such as ETH, BNB, TRX, CET, etc., the on-chain activation fee will be deducted from your personal wallet. Therefore, please ensure your wallet has enough balance for the activation.
If the network to be activated does not support smart contracts, such as BTC, DOGE, LTC, etc., no on-chain fee is required.
Note: The activation fee is the miner fee for transactions on the chain. CoinEx Vault does not charge any fee.
Step 2: Activate multi-signature
Click the group multi-sig wallet in the sidebar, find the network to be activated from the asset list (take CET as an example), and click the “Activate Wallet” button on the right side.
Or switch to the “CET” page from the top navigation bar and click “Activate Now”.
Step 3: Set multi-sig mode
Multi-sig Member: For group members only. If assigned as a multi-signer member, the member can sign requests from the multi-sig wallet.
Multi-sig Mode m/n: If there are n members managing funds together, as long as at least m of them sign a request, the requested transaction will be allowed.
Protection Duration: if inactive days of a multi-sig wallet > protection duration, it will trigger accidental protection and will reduce the number of required signatures by 1 every 3 days until it becomes 1. The group administrator can decide whether to turn on the protection duration or not; if not, then it will never be triggered.
Step 4: Confirm activation
After setting up the multi-signature, click the “Confirm Activation” button. Confirm that the fee deducted from your wallet is correct, click “Activate”, and sign the request with the CoinEx Vault App to authorize the transaction of activation.