SIQO Quick Start: How to Set Up Joint Approval Wallets
When managing high-value assets — whether it’s business capital, a shared investment, or family savings — relying on a single person to authorise transactions is a risk. One compromised account or hasty decision can have serious consequences. SIQO’s Joint Approval Wallet solves this by requiring multiple people to approve a transaction before it goes through, ensuring no single individual can move funds without consensus.
It’s a feature built for teams, businesses, and anyone who wants an extra layer of accountability over their finances. You decide how many approvals are needed, how long approvers have to respond, and even who can step in as a proxy if an approver is unavailable — all within SIQO’s secure, easy-to-use interface.
How to Set Up a Joint Approval Wallet
Setting up a Joint Approval Wallet involves defining co-owners and establishing rules for authorizing transactions. Follow these steps to secure your assets.
Step 1: Create New Wallet
Tap wallet display → “+”
Step 2: Select “Joint Approval Wallet”
This specific type is designed to require multiple approvals before any transaction proceeds, making it ideal for teams.
Step 3: Add Approvers
Search and add multiple users.
Step 4: Set Approval Rules
Define:
- Minimum approval number (e.g., 2 of 2)
- Approval response time
Step 5: Optional Proxy Vote
Allow designated proxies to approve on behalf of approvers.
Step 6: Review & Confirm
Your joint approval wallet is ready.
By leveraging SIQO’s Joint Approval Wallets, you bring institutional-level security to your digital assets, ensuring funds are protected by consensus while remaining accessible when needed.
