Editing Multisig

[jabo38]

I was wondering if I made a multisig account if I can edit the M of N?  Like add signers, or change the M to a lower number while keeping the funds in the account?  Or do I need to move all the bitcoin to another account set up the way I like?

[jabo38]

I am guessing the answer is no?

Just trying to figure things out.

I have multisig through coinbase, but they control it so I can't really get at it very well so I am not sure.

[achow101]

You cannot. Once a multisig address is created, only those public keys associated with it are the only ones that can spend from it. If you want to change something, the address will change. Adding or removing signers or changing the number required will result in a new multisig address. The funds will stay in the old address and can be moved to the new one if all of the signers agree.

[jabo38]

You cannot. Once a multisig address is created, only those public keys associated with it are the only ones that can spend from it. If you want to change something, the address will change. Adding or removing signers or changing the number required will result in a new multisig address. The funds will stay in the old address and can be moved to the new one if all of the signers agree.

Great explanation. That helped clear it up.  Thanks