user116370: I have a 3/5 multisig bitcoin wallet. I understand all 5 signers have their own set of private keys and public keys. What I don't understand is how the "receiving" addresses work. Does each set of keys have its own set of addresses and it doesn't matter which addresses funds are deposited to?

user208: No, there is a single multisig address, which can be computed from all the participants' keys.
Funds can then be sent to that multisig address, and when 3 out of the 5 predetermined keys associated with the address sign, that money can be spent.

116370: <p>I have a 3/5 multisig bitcoin wallet. I understand all 5 signers have their own set of private keys and public keys. What I don't understand is how the &quot;receiving&quot; addresses work. Does each set of keys have its own set of addresses and it doesn't matter which addresses funds are deposited to?</p>
 208: <p>No, there is a single multisig address, which can be computed from <em>all</em> the participants' keys.</p>
<p>Funds can then be sent to that multisig address, and when 3 out of the 5 predetermined keys associated with the address sign, that money can be spent.</p>
