If you are using Multisig Shield wallet and lose access to your 2FA methods, you can request a 2FA reset. After a reset has been requested, you will need to wait a minimum of 12 months for the process to be completed (details below). The waiting period is necessary to ensure the security of your wallet.
Bitcoin standard accounts (2-of-2)
The exact formula for the 2FA reset waiting period is whichever of these two is longer:
- 365 days after the reset is triggered, or
- 365 days plus your nLockTime period after your wallet’s last transaction
For example:
- If you have your nLockTime period set to 90 days, and your last transaction was 100 days ago, then the waiting period will be 365 days.
- If you have your nLockTime period set to 90 days, and you sent a transaction 50 days ago, then the waiting period will be 405 days (365 days + 40 days left on your nLocktime).
Liquid standard accounts (2-of-2)
The waiting period is exactly 365 days after the reset is triggered.
Bitcoin 2-of-3 accounts
The waiting period is exactly 365 days after the reset is triggered.