The Safe{Wallet} offers a secure multi-signature wallet solution compatible with EVM chains. Designed for enhanced asset protection, it requires multiple approvals ("owner keys") to execute transactions. This guide walks you through setting up a multi-sig wallet using OKX Wallet and Keystone as owner keys.
Why Use a Multi-Signature Wallet?
- Added Security: Transactions require approvals from multiple keys, reducing theft risks.
- Shared Control: Ideal for teams or joint accounts where collaborative fund management is needed.
- EVM Compatibility: Supports Ethereum and other EVM-based networks.
Prerequisites
Before starting, ensure you have:
- Keystone 3 Pro with firmware v0.9.0 or newer.
- Access to Safe Wallet.
- An OKX Wallet (extension version) linked to your Keystone device. (Need help? 👉 Link Keystone to OKX Wallet)
Step 1: Connect Keystone to Safe{Wallet}
- Visit Safe Wallet and click "Create Safe Account".
- Select "Connect" > Choose the OKX Wallet icon.
- Approve the connection via the OKX Wallet extension.
Step 2: Configure Your Multi-Sig Wallet
Name Your Wallet
- Enter a custom name (e.g., "Team Treasury") and click Next.
Add Owner Keys
Click "Add new owner" > Scan the QR code of a Keystone ETH address.
- Pro Tip: Use a different address from your OKX-linked Keystone account for redundancy.
- Set the threshold (e.g., "1-of-2" for single approval; "2-of-2" for joint approval).
Step 3: Review & Deploy
- Verify wallet details (owners, threshold, network).
- Pay the deployment fee (via your preferred payment method).
- Click "Next" to initiate creation.
Step 4: Access Your New Wallet
- After processing (may take minutes), click "Start using Safe".
- Your multi-sig wallet is now active! Explore its dashboard to manage assets or adjust settings.
FAQs
1. How many owner keys can I add?
Safe supports unlimited owners, but practicality recommends 2–5 for balance between security and usability.
2. Can I change the threshold later?
Yes! Navigate to "Settings" > "Owners" to modify approvals required.
3. Is there a fee for creating a Safe wallet?
A one-time deployment fee applies (paid in the network’s native token, e.g., ETH).
👉 Pro Tip: For advanced security, pair your Keystone with a hardware wallet like Ledger. Learn more here.
Final Notes
- Backup all owner keys offline to prevent access loss.
- Test transactions with small amounts before full deployment.
- Multi-sig wallets are irreversible—plan ownership structures carefully.
Need help? Explore Safe’s official documentation or our 👉 comprehensive Keystone guide.