:max_bytes(150000):strip_icc()/hodl678x381-5bfc2e10c9e77c002630d42d.png)
Necessity, when you have 2 out of 3 multisig and you lost one key and you didn´t backed up your multisig config file, you lost your savings. So don´t forget to backup it. Test the multisig wallet with small money before you put big amount of money on it. No stress needed.
Discussion
Good point!
It’s very important to remember that no matter what your multisig setup is, you MUST be able to generate or recover ALL the xPubs.
Example: For a 3 out of 5 multisig, if you lose the seed for any one of the 5 and don’t have its xpub backed up, you’ve lost everything - even though you have the 4 other seeds and it’s a 3 out of 5 multisig!
I know because this is how I lost all my BTC.