Following the creation of your multisig or singlesig vault, here’s how you receive funds:
Start from your Theya Vault homepage.
Click the ‘Receive’ option to initiate the process of creating a recipient address for your vault. (Theya creates a new, unused address for your vault to protect your privacy.)
Use this address as the destination when creating a transaction from the sending wallet (i.e., mobile wallet, desktop wallet, exchange withdrawal process, etc.)
A QR code corresponding to this new address will be displayed, which can be scanned (i.e., when sending from a mobile wallet).
A string of letters and numbers representing your vault address is provided when manual copy/paste functionality is required.
*Example of where to paste your vault address in Blue Wallet.
Select a desired transaction or withdrawal speed. (Keep in mind that transaction fees are variable and can change based on the Bitcoin Network's current activity).
Confirm the receiving Theya Vault address is correct, then authorize the transfer of funds.
Your bitcoin transaction has now be broadcasted to the Bitcoin Network!Your
Theya Vault will display the transaction is pending until 3+ confirmations by the Bitcoin Network.
Monitor the status on the vault homepage, or click through and select ‘View on explorer’ to open mempool.space.
After the transaction is confirmed, your new balance will be displayed at the top of your vault homepage.
*Example of confirmed transaction from CashApp. Note: Because this is an exchange withdrawal, the fee displayed in mempool.space is the batched transaction fee paid by CashApp (not the priority fee selected and paid by the user).
Schedule a free consultation to discuss your specific needs!
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