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Author: Admin | 2025-04-28
Multi-Sig WalletKey Features1. Armory✓ Desktop Wallet✓ Secure BTC wallet with multi-signature support✓ Open-Source wallet with Cold Storage✓ Provides up to 7-of-7 authorizers to sign a transaction2. Electrum✓ Desktop & Mobile Wallet✓ Lightweight BTC Wallet with multi-signature support✓ Supports integration with major hardware wallets✓ Provides up to 15-of-15 authorizers to sign a transaction3. BitPay✓ Mobile Wallet✓ Secure BTC and other assets with multi-signature✓ Optional key encryption✓ Provides up to 2-of-3 authorizers to sign a transaction4. BitGo✓ Web, Desktop & Mobile Wallet✓ Multi-signature bitcoin wallet service✓ Provides up to 3-of-3 authorizers to sign a transaction✓ Secure and insured cold storage5. Coinbase✓ Web Wallet✓ Coinbase controls your private keys✓ Provides non-hosted multi-signature wallets✓ Provides up to 3-of-3 authorizers to sign a transactionIf you are not consciously doing things, It’s easy to lose your digital money.In the realm of Bitcoin and cryptocurrencies, incidents such as MtGox or Bitfinex are nothing new.Also, there have been incidents where an individual has lost his/her coins because he/she lost access to their private keys.How do we avoid such losses and make Bitcoin more secure? This is a pressing question in everyone’s mind…That’s why more and more people are becoming awakened and looking out for more secure ways to store their bitcoins. And why not? Bitcoin is becoming more and more precious each day. At the time of this writing, Bitcoin is trading well above $6400.Traditional software/hardware Bitcoin wallets bank on a single signature key (i.e. single private key through which an individual can sign and verify a transaction). Though it may look like single keys give full autonomy to the owner of the funds, in reality, this is very risky.Yes, risky!!This single signer system puts a lot of power in one little string of alphanumeric numbers (i.e. your private key).What if you have misplaced this key? What if this key is stolen?In the above scenarios, you will lose your funds.But you can be smart and avoid such situations by using multi-signature addresses or wallets instead of traditional wallets.Page ContentsWhat is a Multi-Signature Wallet?Top 6 Best Multi-Signature Bitcoin Wallets1. Armory (Desktop Wallet)2. Electrum (Mobile/Desktop Wallet)3. Copay (Mobile/Desktop Wallet)4. BitGo (Web/Mobile/Desktop Wallet)5. Coinbase (Web Wallet)Best Multi-Signature Bitcoin WalletsHelp us improve. Was this helpfulWhat is a Multi-Signature Wallet?Multisignature (multisig) refers to requiring more than one key to authorize a Bitcoin transaction. It is generally used to divide up responsibility for possession of bitcoins.Standard transactions on the Bitcoin network could be called
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