Binance Smart Chain multisig wallet
Compare multisig fees
The approximate cost of Binance Smart Chain multi-signature transaction on blockchain.
Binance Smart Chain multisig wallet is a type of a wallet that adds an extra layer of security by requiring multiple users keys to authorize transactions.
Launched by Binance, Binance Smart Chain (BNB, formerly known as BSC) is a blockchain platform that offers smart contract functionality and fast, low-cost transactions. It operates parallel to Binance Chain, providing developers with a versatile environment for building decentralized applications (DApps) and decentralized finance (DeFi) solutions.
Supported standards
BEP-20 tokens are a technical standard on Binance Smart Chain, akin to Ethereum's ERC-20. These tokens enable the creation and utilization of various decentralized applications (DApps) and services within the Binance Smart Chain ecosystem. BEP-20 tokens enhance seamless integration and utility on the platform.
BEP-721 tokens are unique digital assets on Binance Smart Chain, akin to Ethereum's ERC-721. These tokens represent ownership of distinct items, collectibles, and digital assets. BEP-721 tokens empower creators and collectors by revolutionizing digital ownership and enabling the creation of one-of-a-kind digital items.
Reasons to use Multisig wallet
Increased Security
Traditional wallets rely on a single access point, which, if breached, leaves funds vulnerable. Multisig wallets elevate security, necessitating multiple private keys for transactions. A fortified barrier, it substantially reduces the chances of unauthorized access and fund theft.
Risk Mitigation and Business Continuity
In traditional single-key systems, if a key holder is unavailable, it can disrupt operations. Multisig addresses this risk. With multiple key holders, transactions proceed without delay, ensuring smooth business operation.
Shared Ownership
In instances where assets need collective decision-making, multisig wallets shine. By distributing control among several parties, it mandates consensus for transactions, ensuring that no single entity holds unilateral power, fostering collaboration and mutual trust.
Decentralized Organizations
Embracing the ethos of decentralization, multisig wallets cater perfectly to decentralized autonomous organizations (DAOs). With no central authority, these wallets empower collective management, ensuring that decisions and transactions echo the shared values and visions of its members.
Why choose Totalsig?
One account to manage it all
With TotalSig, you'll experience the convenience of having a single account that can effortlessly manage all your and other network assets. Say goodbye to the hassle of juggling multiple accounts and passwords.
Cheapest transactions
TotalSig is designed to minimize transaction fees, ensuring that you can send, receive, or trade your coins and tokens without worrying about high costs eating into your holdings.
Compare multisig fees
The approximate cost of Binance Smart Chain multi-signature transaction on blockchain.
User friendly multisig
TotalSig's user-friendly multisig feature empowers you to enhance the security of your holdings without the complexity. Our wallet simplifies the process of setting up and managing multisignature accounts.
Frequently Asked Questions
