Quickstart Guide
Everything you need to know about your first Squads multisig.
Last updated
Everything you need to know about your first Squads multisig.
Last updated
Creating a Squads multisig is a straightforward process that begins with connecting your Solana wallet (such as Phantom or Backpack) to Squads.
Upon connecting, choose a name for your squad, select the number of approvals required for transactions, and add squad members by adding their wallet addresses.
It is recommended to avoid minimum confirmation thresholds (1/x) and maximum thresholds (e.g. 5/5). Instead, opt for an optimal approach like 2/3 or 3/5 depending on the size of your team.
Always ensure each member keeps a backup of their private keys used for the multisig and that the threshold allows for easy replacement of a lost/compromised key. Recommend members to use cold wallets to protect their private keys.
You can modify your Squad settings after creation, including adjusting the confirmation threshold and managing members (add/remove). Any changes you make will require approval based on the existing confirmation threshold in place.
Once you have created your multisig with a robust and secure setup, you can deposit your onchain assets to your Squad. You can carry out transfers to your Squad multisig address from these sources:
A Solana wallet (Phantom, Backpack, etc.);
centralized exchange ();
or on-ramp from a bank account using .
Note: Before adding a large amount, it is recommended to first test with a small sum to ensure:
all members understand the process,
your multisig setup works as expected.
You can manage the settings of your Squad and its members using features like , , , and more. Learn more about managing your Squad settings .
The Squads dashboard provides an intuitive interface to not just store but manage your assets and perform treasury operations.
Squads users can on-ramp assets to their multisig and off-ramp assets to their bank accounts seamlessly using:
There are a ton of operations teams can undertake by accessing the vast Solana ecosystem:
Create and manage invoices that automatically link with Squads transactions for streamlined payment approval and execution.
Monitor approval and payment status for seamless invoice management.
This integration provides you with a comprehensive overview of all your onchain activities — giving you access to detailed insights that enable you to effortlessly meet your compliance requirements and maintain accurate records of your onchain transactions.
The Squads app can also be used on mobile devices via in-app browsers of mobile wallets like:
Phantom;
Backpack;
Solfare, and more.
Learn more advanced security measures you can take that can significantly enhance your defense against potential attacks while using Squads .
: Receive payments in USD, which are seamlessly converted to USDC in your Squad account.
: Seamless on-ramping and off-ramping of assets cost-effectively via Wire, ACH, and SEPA transfers for USD and EUR bank accounts.
: Top-tier US bank collaborations and instant 24/7 crypto off-ramping to individuals and businesses with bank accounts in the US.
: Available to businesses with US or European bank accounts in most regions outside the OFAC sanctions list.
Learn more about on and off-ramping assets .
powered by Jupiter
with any Solana validator (powered by Stakewiz), various liquid staking providers (fuseSOL, Jito, Marinade, SolBlaze, marginfi), Marinade Native, and the
is a companion tool that enables teams to connect their Squads treasury to applications within the Solana ecosystem not directly integrated into Squads while maintaining smart account security.
And if you are a team looking for advanced features and granular controls over your assets, you can purchase the plan. It equips you with additional powerful features such as permissions, payments, sub-accounts, fee relayer, and more.
Request Finance makes it easy for teams to manage and automate accounting workflows for their business. Using , teams can connect their Squads account to Request Finance to:
Explore additional accounting features of Request Finance .
Squads users can get started with a .
Users can in a CSV file for seamless accounting and reporting of their treasury. This includes metadata of all initiated transactions and links to the explorer enabling users to check their onchain balance changes.
Additionally, you can use to streamline bookkeeping, treasury management, tax compliance, and auditing processes. Once you've set up an account on Integral, you can seamlessly integrate your Squads App address by simply copying and pasting it into the platform.
More on how to access your Squad on mobile .
In the unlikely event that the Squads app would be unavailable for a long period, we have put in place multiple options to allow users to access their assets. Learn more about accessing your Squad in such a case .
If you are facing any issues or have questions, join our or reach out to garrett@sqds.io.
