Multisig is short for "multisignature." Multisig refers to having multiple private keys for a single Bitcoin wallet.
Most Bitcoin wallets are considered single signature wallets and only require one signature to send a transaction.
Multisig wallets require multiple signatures be applied before the transaction is able to be sent.
By using multisig, it ensures that your bitcoin are not lost if you lose one of your keys. Likewise, if an attacker compromises one of your keys, your bitcoin are not stolen.
Casa App features a multisig wallet for most plan levels. In the 2-of-3 plan, three keys protect your bitcoin, but you only need two to spend it. A lost key doesn’t mean lost bitcoin, since you still have two keys left.
Why Should I Use Multisig?
With multisig, if you do lose a key or have one stolen, you can swap it out for a new one. Simply transfer your bitcoin to the new, healthy set of keys using your two remaining keys from the initial set. Casa App walks you through it all, step by step.
You can try multisig out free for 30 days with Casa Gold by clicking here.
Casa Multisig Options
Can has 2 different mutisig options depending on your needs. You can learn more about them below: