Add a signer on StellarX (enable multisig for my Stellar account)

Modified on Wed, 27 Mar, 2024 at 1:43 PM

This section will guide you through the multisig setup process where you are using a single device with both StellarX account and LOBSTR Vault apps installed.

Before you start:

  • Open StellarX website and login into your account

  • Make sure you have a Stellar account linked to your StellarX account

  • Your StellarX account should have a sufficient balance to enable a multisig solution - each additional signer increases the base reserve by 0.5 XLM

  • Install LOBSTR Vault app on your iOS or Android device

 

Follow the steps below to enable the multisig protection for your Stellar account in StellarX account using a new signer account from LOBSTR Vault app: 

1. In LOBSTR Vault, select the 'Create Account' option.

2. Carefully read the description and tap the 'I Understand' button.

3. On the 'Recovery Phrase' screen, write down the presented Recovery Phrase and tap the 'Next' button.

We do not store your Recovery Phrase on our servers, nor do we have any access to it.

It is securely stored in the local storage of your phone until you log out from your LOBSTR Vault account or remove the app.

If you ever lose your phone, remove LOBSTR Vault app accidentally, or can't access your account for any reason, you can restore the account using the 12-word Recovery Phrase.

A loss of your Recovery Phrase will result in losing control of your main account, as you will not be able to sign outgoing transactions due to the lack of required signatures.

 

4. Verify your Recovery Phrase by tapping the words in the correct order and tap the 'Next' button.

5. Create your custom 6-digit PIN and confirm it.

6. (Optional) If enabled on your device, protect your account by enabling biometric authentication.

7. You will be transitioned to the 'Home' screen of the LOBSTR Vault app. From here, click the 'Copy Key' button.

8. Move to your 'Account Settings' -> 'Multisig' -> click 'Enable'.


9. StellarX should should require you to enter the copied Vault Signer Public Key. Copy and paste and then click 'Continue' button.


10. On this step, you will need to confirm that you want to add a new signer to your Stellar account. Carefully read the description and click the 'Add Signer' button.


11. If the 'Multisig enabled' screen is displayed, the signer account should be successfully added to your Stellar account.

To view the list of your signers, you can move to your 'Account Settings' -> 'Multisig'.


12. If you followed the steps correctly, your StellarX Stellar account should be protected by LOBSTR Vault signer account.


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