Only join 2-2 multisig wallets (when using Staynsee). If you notice that the wallet is 2-3, 1-2, 2-4 or anything else, simply don’t use it and delete it.
Always backup your keys and keep your passwords safe, if any. The app will usually prompt you to do that at a certain stage. With your keys, you can recover your wallet in case of losing the device containing the wallet.
Never share a private key, a backup, a seed phrase, a passphrase or anything similar with the other party. Only share what the multisig app asks you to share, which is generally an invitation link or a PUBLIC key. If in doubt, contact us or contact the app support team.
For apps that require the exchange of public keys (XPUB, YPUB, ZPUB) it is best practice, if the app allows, to use newly created (single sig/regular) wallets in the same app and use those to join the multisig. Don’t join a multisig with an existing wallet containing all your funds, or existing wallets from centralized exchanges (Coinbase, Binance, etc).
As a guest or customer, make sure to have your multisig wallet in a device that you will take to your destination. If it’s in your laptop, take your laptop with you! For apps that are available on several platforms, you can transfer your wallet from one device to the other. This is because to release the funds from the multisig, you will need to approve the transaction, assuming you did not previously do that.
Try naming the wallets according to the reservation number they belong to. For example “Res4432”. This is especially helpful for hosts/providers that may have several reservations going on at the same time. If possible, naming the participants like they are displayed on Staynsee is also useful.
Always make sure you are talking to the right person if using our internal messaging. Quickly check that the name displayed in the chat matches the one on the listing.
When unsure and unfamiliar with the app, try first sending small amounts to the multisig wallet until you feel confident.
Use them! The more you use them, the more confident you will feel, the quicker you will set them up, and the easier it will be to install and learn many other different multisig wallets.