Withdrawal Via KEYRING ONE

How to withdraw your assets out of the Multisig wallet

How to Withdraw

Every withdrawal from a multisig account requires approval from the required number of signers before the transaction can be executed.

Create a Withdrawal Request

To create a withdrawal request:

1. Go to the Multisig Account tab.

2. Select the multisig account you want to use.

3. The account details will be displayed, including:

   • Registered signer addresses

   • Total account balance

   • Assets held by the account

4. Select the asset you want to withdraw.

5. Enter the withdrawal amount.

6. Select Withdraw.

7. Confirm the request in KEYRING PRO.

The withdrawal request is now created and waiting for signer approvals.

Collect Signer Approvals

Every withdrawal request must receive the required number of signer approvals before it can be executed.

After creating the withdrawal request:

1. Confirm the signing request in KEYRING PRO.

2. The account used to create and sign the request is automatically counted as the first signer.

3. A Sign button will appear in KEYRING ONE.

4. Select Sign to open the signer page.

5. Copy the page URL and send it to the remaining signers.

6. Each signer opens the link and signs the request using their registered signer address.

7. Once the required number of signatures has been collected, the Withdraw button becomes available.

Execute the Withdrawal

After the required number of signatures has been collected:

1. Select Withdraw.

2. Confirm the transaction in KEYRING PRO.

3. Wait for the blockchain transaction to complete.

The assets will be transferred to the selected recipient address.

Important Notes

• The account used to create the withdrawal request and sign it in KEYRING PRO is automatically counted as the first signer.

• After the first signature is submitted, the remaining signers have 10 minutes to complete the required approvals.

• If the required number of signatures is not collected within 10 minutes, the withdrawal request expires and must be created again.

• Once the approval threshold has been reached, every participating signer can execute the withdrawal.

Gas Fee

The signer who selects Withdraw and submits the transaction is responsible for paying the blockchain gas fee.

This does not have to be the same signer who created the withdrawal request.

Regardless of who executes the transaction, the assets will always be transferred to the recipient address selected for the multisig account.

Change Recipient Address

Each multisig account has a designated recipient address for withdrawals.

To change the recipient address:

1. Open the multisig account.

2. In the Withdrawal panel, select Recipient Address.

3. Choose one of the registered signer addresses as the recipient.

Important Notes

• Only registered signer addresses can be selected as the recipient address.

• A new address cannot be added after the multisig account has been created.

• Changing the recipient address only changes where future withdrawals will be sent. It does not affect the multisig account, its signers, or its approval threshold.