Hi,
I would like create a 2of3 multisig address for receive a bitcoin payment and I went on
https://coinb.in/I'm the seller, one of the 3 users (the others are escrow service and buyer).
When I enter the 3 public keys on the multisig page and clic submit, it appears the multisig address (starts with 3) and the redeem script.
But if the buyer send the bitcoins to this multisig address, and I (or the escrow service) sign the transaction too, how can I receive the bitcoins?
How can I own the multisig address to receive the funds? I don't understand this.
Thank you very much
I'm not sure why would you use a multi signature wallet just because the transaction involves a buyer and an escrow. Escrow should hold the funds that the buyer sends , once you give the goods to the buyer and he confirms , the escrow should release them and send them to you.
Anyone can send funds to the multi signature address (that starts with 3) but in order to release the funds (send from it) then signature from 2 addresses are required. Once the you generate the address Coinbin should give you more details and everything you should to know.