Sparrow Wallet 2/3 PSBT Multi-sig
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Keystone firmware versions V1.1.1 (BTC-Only) or newer supports PSBT Muti-signature functions. This instruction here will show how to create a 2/3 PSBT Multi-signature wallet with Keystone, Coldcard and a as 3 participant co-signers, we will use here Sparrow V1.4.2 as a watch-only wallet, let’s see it all in detail.
1. version V1.1.1 (BTC-Only) or newer running on Keystone Essential or Pro. Create recovery phrase A.
(Please read for more details.)
2. Coldcard upgraded to firmware version V2.1.0 or newer. Create recovery phrase B.
3. run on an offline PC/Mac. Create recovery phrase C.
4. Sparrow Wallet V1.4.2 or newer running on an online PC/Mac.
5. MicroSD card (≤512GB; Default FAT32 format).
1) Insert the microSD card into your Keystone;
2) Tap [Menu] > [Multisig Wallet] > Press the [•••] button on the top right corner > [Show/Export Xpub].
3) Touch [Export All] > [Export] > Save the Xpub of recovery phrase A as a .json file to the microSD card.
1) Take out the microSD card from Keystone and insert it into your Coldcard.
2) On Coldcard: [Settings] > [Multisig Wallets] > [Export XPUB].
3) Confirm (√) and save the Xpub of recovery phrase B as a .json file (e.g. xxcp-5271C071.json) to MicroSD card.
1) Take out the microSD card from Coldcard and insert it into your PC/Mac.
2) Save the Xpub of recovery phrase C as a .json file to the MicroSD card.
a. Let's see Xpub file template required by Keystone.
b. "xfp" means the fingerprint.
Let’s check what’s in the microSD card now:
1) Run Sparrow and click on [File] > [New Wallet] > Enter a name for the wallet > [create a new wallet] > [Policy Type choose] > choose [Multi Signature].
1) Insert the microSD card into your PC/Mac.
2) Choose [Keystore 1] > [Airgapped Hardware Wallet] > [Keystone Multisig] > [Import File] > Select file “ccxp-748CC6AA.json” > [Open].
3) Repeat step (2) to create the other two keystores and when done click on [Apply].
1. Export the multisig wallet file (for Keystone) to the microSD card.
2. Insert the microSD card into your Keystone.
3. Touch [Menu] > [Multisig Wallets] > [Import Multisig Wallet].
4. Select the file “Sparrow Multisig-Keystone.txt”. Check the wallet info and click [Understood] > [Confirm].
1. On Sparrow Wallet: Export the multisig wallet file (for Coldcard) to the microSD card.
2. Take out the microSD card from PC/Mac and insert it into Coldcard.
3. On Coldcard: [Menu] > [Setting] > [Multisig Wallets] > [Import from SD] > Confirm file “Sparrow Multisig-coldcard.txt” > Press “√“ > Import multisig wallet successfully.
1. On Sparrow Wallet: Click [Receive], Sparrow will display the receiving address. (You can also go into the Addresses menu and use any address displayed, but we mainly recommend using the ones via Receive.)
2. On Keystone: Touch [Addresses] to display the receiving addresses.
Generate the multisig transaction on a watch-only wallet (Sparrow Wallet) by scanning unsigned multisig transaction data or exporting unsigned multisig transaction files to a MicroSD card.
1) Click on [Send] > Set the receive address, Label, amount, and fee > Click on [Create Transaction].
2) Click on [Finalize Transaction for Signing].
Tips: Here users can choose to sign the transaction via QR code or file.
① On Sparrow Wallet: Click [Show QR] > Sparrow Wallet displays the unsigned transaction data in a QR code format.
② Touch the scanning icon in the top right corner of the Keystone main page and scan the QR code displayed by Sparrow.
③ Touch [Sign] > Enter the password > Tap [Confirm] and authorize the transaction. The device will then show the signed transaction data in QR code format.
④ Click [Scan QR] on Sparrow Wallet, then scan the QR code shown on Keystone.
① Insert the microSD card into PC/Mac.
② Click [Save PSBT] on Sparrow Wallet and save the file in the root directory of the microSD card.
③ Take out the microSD card from PC/Mac and insert it into the Keystone.
④ Touch the "microSD card" icon on Keystone, then find and open the unsigned transaction file.
⑤ Touch [Sign] and enter the password to authorize the transaction.
⑥ Touch [touch here to export the file with microSD] > [Export]. The signed transaction file will be saved to the root directory of the microSD card.
⑦ Take out the microSD card from the Keystone and insert it into your PC/Mac.
⑧ Click [Load PSBT] on Sparrow Wallet, then select and open the signed transaction file.
1) Insert the microSD card into the PC/Mac.
2) Click [Save PSBT] on Sparrow Wallet and save the file in the root directory of the microSD card.
3) Take out the microSD card from the PC/Mac and insert it into the ColdCard.
4) [Ready To Sign] > Select transaction file.
5) Confirm and export partially signed multisig transaction files to the microSD card.
6) Take out the microSD card from the ColdCard and insert it into your PC/Mac.
7) Click [Load PSBT] on Sparrow Wallet, then select and open the signed transaction file.
Make sure the Sparrow Wallet has connected to the node successfully.
Click [Broadcast Transaction].
3) Edit the ’s Xpub file according to Keystone's Xpub file format. The steps are as follows:
c. Edit the ’s Xpub file like the template shown above and save it.
