Multisig Wallet
Also known as: Multi-Signature Wallet, Shared Custody Wallet, Secure Crypto Wallet
A wallet that requires multiple private keys to authorize a transaction, enhancing security and collective control.
A multisig (multi-signature) wallet is a type of crypto wallet that requires two or more private keys to authorize a transaction. It enhances security by distributing signing authority across multiple parties or devices, reducing the risk of a single point of failure. Common configurations include 2-of-3 or 3-of-5 signatures. Multisig wallets are widely used by DAOs, exchanges, and treasury managers for added security and governance. Platforms like Gnosis Safe provide user-friendly interfaces for multisig operations on Ethereum. Multisig is different from threshold signatures or MPC, which use cryptographic aggregation.