Whether you are spending bitcoin directly, sending to another wallet, or transferring to an exchange, a send transaction will require authorized signature(s) from the key(s) paired with your vault.
If you are sending from a singlesig vault, you will be required to sign the transaction once. For a multisig vault transactions, you will need to sign with a majority of keys.
Demo Video
Watch @JoeConsorti fund a multisig vault and then sign a send transaction with a Ledger Nano X and mobile key. Subscribe to Theya for market updates and more tutorials.
How To Send Bitcoin From Your Vault
Start from your Theya Vault homepage.
Create The Send Transaction
Click the ‘Send’ option to initiate the process transferring bitcoin to a recipient address.
Ensure the recipient's Bitcoin address is accurate. If you send Bitcoin to a wrong address, your Bitcoin transaction cannot be reversed. Always double-check the address before transferring.
*StudioLayerOne is the example vault name.
Enter the recipient address using any of the methods below:
Paste the address manually.
Select the QR icon and scan the recipient address QR code.
Select the QR icon and select a QR code screenshot from your mobile phone gallery.
You can click on a recently used address, but ensure it is the correct destination.
Enter amount to be transferred.
Use the icon on the right to toggle between BTC and USD.
Enter a custom amount, select desired percentage of vault holdings, or select max to transfer your entire balance.
Continue to Preview Transfer screen, verify recipient address, and select transaction speed.
Keep in mind that transaction fees are variable and can change based on the Bitcoin network's current activity.
*StudioLayerOne is the example vault name.
Sign The Transaction
With the transaction created, you will now need to sign with the key(s) paired with your Theya vault. The process is the same for both singlesig and multisig.
With a multisig transaction, you will be prompted to sign with the second key following the completion of your first key signature.
Select ‘Sign with [Device Name]’.
For a mobile key, simply swipe and authorize with Face ID or your device passcode.
For a hardware device, instructions will vary based on air-gap, bluetooth, QR code, and USB connectivity options (see specific instructions).
Note: If your hardware device(s) was set up as a hidden wallet, be prepared to enter your passphrase.
Device Signing Instructions
When receiving emailed instructions, check the inbox of the email associated with your Theya account. The ‘Sign Transaction’ button in the email will open up a web application (desktop browser tab) with prompts for your specific device(s).
For multisig, if Key 2 is a cosigner, instructions for that specific hardware device or mobile key will be emailed to the cosigner.
*Email you will receive.
After Signing
For a singlesig vault transaction, after the signing with your one device, your transaction can be broadcasted to the Bitcoin network.
For a multisig vault transaction, the Theya app will provide updates on the status of key signatures. Once both signatures are completed, your transaction can be broadcasted to the Bitcoin network.
*Example of signed multisig transaction using two Trezor devices.
Once signed and broadcasted, your transaction is now complete!
Select View on Explorer to monitor your transaction in Mempool.Space or check confirmation status on the Theya Vault homepage.
Your vault balance will adjust after 3+ confirmations.
Schedule a free consultation to discuss your specific needs!
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