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Author Topic: Help with multi signature wallets  (Read 101 times)
akhilsh6896
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February 02, 2018, 06:00:49 AM
 #1

Name some top trusted multi-signature wallets?
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February 02, 2018, 06:55:10 AM
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Bitpay/Copay, and GreenAddress, I believe.

Depends on the number of co-signers you want, but you should do 2-2 or 2-3, so not everyone's private key is needed in case a cosigner loses their private key.
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February 02, 2018, 05:05:17 PM
 #3

Do you mean multisig for the 2 factor authentication or just normal multisig to have multiple parties required for a transaction to be validly signed?

For the former, you can use Electrum with the TrustedCoin service. BitGo also offers a similar thing.

For the latter, you can use basically any modern wallet software. This includes Electrum, Armory, Bitcoin Core, etc.

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February 02, 2018, 05:16:38 PM
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If you aren't specifically looking for multi-sig wallet, but for safe wallets i can just recomment a hardware wallet (Either from Trezor or Ledger).
Those Hardware devices will require a second approval of your transaction (By confirming amount on their screen and pushing a button).

If you are looking for a multi-sig wallet because you want to have several partys hold the keys, i would suggest electrum (https://electrum.org/#home).



Also, anything important so that I don't lose my money? Thanks.

Trust noone.

And dont have 2 private keys (from a 2-of-3 multisig wallet) laying around on your PC. This would destroy the whole purpose of having multi-sig and would leave you extremely vulnerable.

Double check addresses everytime.. and backup your seed.. several times.. but NOT digitally.. just written on paper. Don't take any screenshots with your mobile or something like that.


Then you should be fine Smiley

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February 02, 2018, 05:24:44 PM
 #5

Name some top trusted multi-signature wallets to store cryptocurrencies? What should I know about them?

Also, anything important so that I don't lose my money? Thanks.



1. Armory (Desktop Wallet) - Windows, Mac OSX, and Linux

The benefit of this wallets it that it provides to the user's full control of their private keys without relying on Armory and third-party servers. Users can create multi-sig addresses with the Lockboxes.

Here is the link to armory official download site: https://www.bitcoinarmory.com/

Here is also a youtube link on how to make multi-sig Armory: https://www.youtube.com/watch?v=B5E3WQjSB6w
_______________________________________________________________________________ ___________________________________________

Electrum (Mobile/Desktop Wallet) - Windows, Mac OSX, Linux, and Android.

Electrum is similar to Armory because it supports the cold storage and multi-signature features. Many traders are using this wallet because it is one of the oldest and it has the very good reputation. Anyone can run a Bitcoin node with electrum because it is open source released under MIT license. Integration of third-party hardware( Ledger, Trezor, Keepkey) is also possible.

Here is the link to Electrum official download site: https://electrum.org/#download

_______________________________________________________________________________ ___________________________________________

Copay (Mobile/Desktop Wallet) - Windows, Mac OSX, Linux, Chrome Extension, iOS, and Android.+

A benefit of this particular wallet is that you are in charge of your private keys and there are no hidden third party servers. It is unique because it provides test nets both for Android and iOS.

Here is the official link for downloading Copay: https://copay.io/#download

_______________________________________________________________________________ ___________________________________________

BitGo (Web/Mobile/Desktop Wallet) - Web/Mobile/Desktop Wallet

This is one of the most powerful wallets because it powers exchanges like ShapeShift, Kraken, BitQuick, and UnoCoin. Bitstamp, BitBay, Bitfinex. The multi-sig addresses can also be integrated with the Ledger Nano S and Ledger Blue.

Link to official BitGo site: https://coinsutra.com/

_______________________________________________________________________________ ___________________________________________

Coinbase (Web Wallet)


This wallet is also called a hosted wallet because the Coinbase controls your private keys on your behalf. It also provides a hosted multi-sig wallets in which you can control your own private keys (a small percentage of traders knows this information).

Link to official site on which can you download Coinbase: https://www.coinbase.com/home




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February 02, 2018, 09:43:04 PM
 #6

Name some top trusted multi-signature wallets to store cryptocurrencies? What should I know about them?

Also, anything important so that I don't lose my money? Thanks.
Personally,I recommend you to use greenaddress wallet:
OS: IOS, Android, Window, Mac, chrome.
size: you can download it from chriome web store (less than 5 MB).
fee: You can edit them and segwit address.
security: PIN, mnemonics/mnemonics and passphrase and wo-factor.
/*private keys are not stored, mnemonics are encrypted and stored locally*/
I've used it for a long time The only problem I've encountered is the connection with the hardware wallets

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February 03, 2018, 09:31:51 AM
 #7

ledger wallet - 1
Electrum - 2
BitGO - 3
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