09/03/2026
A multisig wallet, short for multi-signature wallet, requires more than one signature to authorize a transaction. For example, a wallet might need two out of three key holders to approve a transfer before it can be executed.
When a transaction is initiated, it waits for the required number of approvals from other key holders. Once enough approvals are received, the transaction is automatically processed.
Multisig wallets are often used by organizations for treasury management, by groups for shared accounts, or by individuals who want added oversight. Different wallets have different configurations - such as 2-of-3 or 3-of-5 signatures required.
Always take a moment to do your own research.
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