Frequently Asked Questions
Liana uses advanced Bitcoin features to make your wallet safer and offer recovery options. It works with on-chain timelocks, so backup keys can activate after a certain period of inactivity—when you stop making transactions. You can set up two sets of keys (or more). The first set, called the Primary Key(s), the one you use regularly. After a set period of no activity (chosen during setup), a second set of keys, called the "Recovery keys”, becomes active and can recover your funds. You can have multiple sets of recovery keys. This way, you stay in full control of your Bitcoin, with built-in safety features like backups and inheritance options.
If you are using multisig in Liana, back up each key separately. This might involve writing down multiple seed phrases or securely storing hardware signers included in your setup. Use tamper evident bags to safe keep these backups. Check on your tamper evident bags as often as you wish, depending on the time period you chose as a time lock. Backing up your Liana wallet is essential to ensure that you retain access to your funds in any scenario, whether that be device failure, human error, or malicious attacks.
During the initial set up of the wallet, you can add your beneficiaries public keys to a timelocked path. This means the keys for your beneficiaries will become able to spend the funds but only if you stop using the wallet for the duration of the timelock. Our support team can help you set up the right wallet for your needs through our Pre-set up service, part of the Premium Package.
It depends on how you want to use it. One is often enough! We can help you define your exact needs through the Premium support package.
Yes, but we recommend using one. Having private keys on your computer cannot reasonably be considered secure to be protecting meaningful amounts of money.
Yes! Liana uses output descriptors, a recent standard for bitcoin backups. You can import your Liana wallet in Bitcoin Core, Mycitadel, and more.
Yes! Don’t forget to renew it manually if you use Bitcoin.
The Premium Package includes free support for your beneficiaries.
No! All you need is their extended public key, that they can give you remotely.
Not if you do not share the output descriptor with them. But make sure they can access the output descriptor when the time comes, as it is necessary to access the coins. We can keep a copy of your output descriptor and provide it to your beneficiaries through the Premium Package.