Multisig Wallet
What is Multisig Wallet?
Multisig WalletA cryptocurrency wallet that requires m-of-n signatures from independent keys to authorise a transaction, removing single-key compromise as a fatal failure.
A multisig (multi-signature) wallet enforces an m-of-n policy on-chain or via a smart contract: a transaction is only valid once at least m of n designated keys have signed it. Common configurations include 2-of-3 for individuals and 3-of-5 or 4-of-7 for treasuries. Multisig protects against single-point compromises such as a stolen hardware wallet, an isolated malware infection, or one team member acting maliciously, because no single key can move funds. On Ethereum and other EVM chains, the Safe contracts (formerly Gnosis Safe) are the dominant standard; Bitcoin uses native multisig and miniscript. Operational risk shifts to signer management, secure transaction review, and clear recovery procedures across geographies.
● Examples
- 01
A DAO treasury using a 4-of-7 Safe contract on Ethereum where four independent signers must approve each transfer.
- 02
An individual using a 2-of-3 Bitcoin multisig split between two hardware wallets and a collaborative custody service.
● Frequently asked questions
What is Multisig Wallet?
A cryptocurrency wallet that requires m-of-n signatures from independent keys to authorise a transaction, removing single-key compromise as a fatal failure. It belongs to the Web3 & Blockchain category of cybersecurity.
What does Multisig Wallet mean?
A cryptocurrency wallet that requires m-of-n signatures from independent keys to authorise a transaction, removing single-key compromise as a fatal failure.
How does Multisig Wallet work?
A multisig (multi-signature) wallet enforces an m-of-n policy on-chain or via a smart contract: a transaction is only valid once at least m of n designated keys have signed it. Common configurations include 2-of-3 for individuals and 3-of-5 or 4-of-7 for treasuries. Multisig protects against single-point compromises such as a stolen hardware wallet, an isolated malware infection, or one team member acting maliciously, because no single key can move funds. On Ethereum and other EVM chains, the Safe contracts (formerly Gnosis Safe) are the dominant standard; Bitcoin uses native multisig and miniscript. Operational risk shifts to signer management, secure transaction review, and clear recovery procedures across geographies.
How do you defend against Multisig Wallet?
Defences for Multisig Wallet typically combine technical controls and operational practices, as detailed in the full definition above.
What are other names for Multisig Wallet?
Common alternative names include: Multi-signature wallet, m-of-n wallet.
● Related terms
- web3№ 464
Hardware Wallet
A dedicated physical device that stores cryptocurrency private keys in a tamper-resistant secure element and signs transactions offline.
- web3№ 613
Ledger Wallet
A hardware wallet line by French firm Ledger SAS that stores cryptocurrency keys inside a certified secure-element chip.
- web3№ 1170
Trezor Wallet
An open-source hardware wallet line by SatoshiLabs that stores cryptocurrency seeds offline and signs transactions through a built-in screen and buttons.
- web3№ 906
Recovery Phrase
A list of 12 or 24 words generated under the BIP-39 standard that encodes the master seed of a cryptocurrency wallet and can restore all derived keys.