Bitcoin
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Bitcoin multisig wallet

Bitcoin, launched in 2009, is the pioneering cryptocurrency, transforming the financial landscape. It operates on a decentralized network, utilizing blockchain technology to enable secure, peer-to-peer transactions worldwide. With limited supply and increasing adoption, Bitcoin continues to reshape global perceptions of money and digital value.

Bitcoin multisig wallet is a type of a wallet that adds an extra layer of security by requiring multiple users keys to authorize transactions.

Compare multisig fees

The approximate cost of Bitcoin multi-signature transaction on blockchain.

TotalSig
$0.35
Other Wallets
$0.70
How it works

Compare multisig fees

The approximate cost of Bitcoin multi-signature transaction on blockchain.

TotalSig
$0.35
Other wallets
$0.70
How this works?

Reasons to use Multisig wallet

Increased Security

Traditional single-signature wallets require only one private key to access and move funds. If the key gets compromised, the funds can be stolen. Multisig wallets require multiple private keys to gain control of the wallet - therefore if a key get compromised, the funds in wallet  remain safe.

Risk Mitigation and Business Continuity

If one of the keys is lost or inaccessible, transactions can still be authorized using the remaining keys, preventing complete loss of access to the wallet.

Shared Ownership

Multisig wallets are ideal for group control group of fund. For example, in a business, transaction might require approval from multiple individuals before being authorized. Multisig wallets ensure that no single person can unilaterally access the funds.

Decentralized Organizations

Decentralized organizations and projects can use multisig wallets to manage funds and make decisions collectively.

Frequently Asked Questions

How do I get Bitcoin wallet address?

Create a wallet in TotalSig app, and you will be agiven a public address. You can see and copy you wallet address by clicking on a newly created wallet.

How to create a multisig wallet Bitcoin?

To create Bitcoin multisig wallet:1. Open TotalSig and click 'Add multisig wallet' button.2. Choose Ethereum network, number of participants and number of required confirmations, for example 2-of-3 (any 2 signatures from 3 participants are required to approve the transaction) and click Create button.3. Copy session ID, share it with other wallet participants and wait them to join the wallet.4. Wait few more seconds for wallet to be created, and voila! your multisig wallet has been created!

How to receive Bitcoin?

Go to your wallet and find your public address. Share this address with the sender.The funds will appear in your wallet after the transaction is confirmed on the blockchain.

How to send Bitcoin?

Open your wallet and click on the Send button, fill the transaction details and click continue. If it is a multisig wallet, wait until other participants have signed the transaction.

What is Bitcoin wallet?

A Bitcoin wallet is a digital tool that lets you store, send, and receive Bitcoin and tokens built on the Bitcoin blockchain. It has a public address for receiving funds and a private key for authorizing transactions

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