From c8c53c6a0cfaa91e0ef4d0993c337091b2b75f08 Mon Sep 17 00:00:00 2001
From: j0sh21 <132760416+j0sh21@users.noreply.github.com>
Date: Mon, 15 Jan 2024 23:29:51 +0100
Subject: [PATCH] Update WalletCreationGuide.md

Added examples for Single/Multisig wallets
---
 docs/WalletCreationGuide.md | 13 +++++++++++--
 1 file changed, 11 insertions(+), 2 deletions(-)

diff --git a/docs/WalletCreationGuide.md b/docs/WalletCreationGuide.md
index 01d457163..dc888bae3 100644
--- a/docs/WalletCreationGuide.md
+++ b/docs/WalletCreationGuide.md
@@ -16,6 +16,17 @@ Specter wallets are designed to provide a user-friendly interface around Bitcoin
 - They offer better security, as one compromised seed doesn't result in immediate loss of funds.
 - However, they are more complex to set up and require multiple secure locations for seed backups.
 
+#### Single-Sig Wallets Examples:
+
+- A user with a **Ledger Nano S** hardware wallet creating a single-signature Specter wallet for added convenience in managing their Bitcoin holdings.
+- Someone who wants a simple wallet setup opting for a single-signature wallet with their **Electrum** software wallet, as they trust their computer's security.
+
+#### Multi-Sig Wallets Examples:
+
+- A group of friends setting up a multi-signature Specter wallet for a shared investment fund, where multiple devices are required to authorize transactions, enhancing security.
+- A cryptocurrency exchange using a multi-signature setup with several hardware wallets to protect customer funds against a single point of failure.
+
+
 ## Step-by-Step Guide for Single-Sig Wallets
 
 1. **Setup and Installation**
@@ -34,13 +45,11 @@ Specter wallets are designed to provide a user-friendly interface around Bitcoin
    - Follow the prompts to generate a new seed. This seed is crucial for accessing your funds and should be backed up securely.
    - Configure wallet settings as per your preference.
 
-
 5. **Backing Up the Wallet**
    - After creating the wallet, make sure to back up the seed securely.
    - Specter recommends storing seeds on steel for long-term durability against elements like fire and water.
    - Storing seeds on steel plates is more crucial for Single-Signature (SingleSig) wallets because access to the seed alone grants full control over the funds. In Multi-Signature (MultiSig) wallets, the requirement for multiple keys to authorize transactions reduces the risk of a single seed compromise leading to complete loss of funds. However, it's still essential to securely store all seeds in a MultiSig wallet to ensure key availability in emergencies, especially for significant amounts of cryptocurrency.
 
-
 6. **Testing the Wallet**
    - It's advisable to test the wallet by sending a small amount of Bitcoin to it and then trying to access these funds using the wallet.